S&P Futures: A rally to 1268 has begun. Support today is at 1218.
December Bonds: The market has stalled at the top of its box at 117-30 and support is at the ½ point near 117-08. I think it will rally above 119-00 before any break of more than a point occurs. A move into the 121-123 zone is underway.
December 10 Year Notes: Support is at 111-30. The market will trade above 114-00 before any reaction of as much as a point occurs. The 116 level will be reached in a month or two.
Eurocurrency: The market stalled temporarily at 125.60 but is holding support at the ½ point of its box at 124.65. Next stop is 126.50.
October Crude: There is very strong resistance in the 70.00 to 70.50 zone. Last night the market again bounced off the bottom of its box at 66.30 but I don’t think it will go above the top of the box at 68.20 before dropping well below 66.00.
December Gold: The market is on its way to 468.
Google: 272 is support; the next move up will reach 343.
No comments:
Post a Comment