Tuesday, August 02, 2005

Guesstimates on August 2, 8:45 am ET

S&P: The market will hit 1257 in a couple of days; meantime 1234 is support.

Bonds: The 1/2 point of the box at 114-15 is support and the bonds will now swing up at least to 115-26.

10 Year Notes
: The bottom of the box at 110-17 is support and the notes will now move up to 111-12.

Eurocurrency: The market didn't quite reach 121.80 on yesterday's reaction but now is swinging up to the top of the box at 123.70.

September Crude: The top of the box at 62.10 was hit yesterday and the market will now begin a substantial drop.

Gold: Upside target is 436 and 450 after that.

Google: 268 is support and the next move up will reach 343.

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