Wednesday, September 14, 2005

Guesstimates on September 14, 8:45 am ET

S&P Futures: The 1235 level will be support today and the market will soon move up to the top of its current box near 1268.

December Bonds: A move to 119-12 has started. The 121-123 zone is my target for the next couple of months.

December 10 Year Notes: The next swing will be upward to 113-24.  The 116 level will be reached during the next couple of months.

Eurocurrency: I think that 122.75, the ½ point of the next box, will hold.  The next big swing in the September contract will be upward to 126.50.

October Crude: The market should hold resistance at 64.40 and then resume its drop to 55.50.

December Gold: The market is on its way to 468.      

Google: 290 is support; upside target is 343.  

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