Tuesday, October 04, 2005

Guesstimates on October 4, 8:45 am ET

December S&P Futures: The next short term upside target is 1268 and support today is again at 1224.

December Bonds: I think a big move upward into the 121-123 range started from the August 8 low at 113-09. The next important swing from here will be upward.

December 10 Year Notes: I think move up to 116 started From the August 8 low at 109-02. The notes should start moving higher from here.

December Eurocurrency: I am now expecting the market to reach the 117.50 level and then rally to 124 or so.

November Crude: I think prices will move downward from here. The next short term downside target is 60.60. We should see the 55.50 level in a few weeks.

December Gold: Headed for short term resistance at 488. Support is at 466.

Google: 300 is support; upside target is 343.  

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