Monday, November 14, 2005

Guesstimates on November 14, 9:00 am ET

December S&P Futures: The S&P futures are headed for the next upside target near 1246.

December Bonds: Resistance is 112-02 and I think the bonds are headed down to 110-00. After that a rally of several points is likely.

December 10 Year Notes: Resistance is 108-12 and the notes are headed down to 107-00. From there a rally of several points is likely.

December Eurocurrency: I think the 117.00 level will hold and that the market will now rally to 118.90.

January Crude: A rally to 59.80 or so is now likely but the market should be trading at or below 56.00 soon.

December Gold: Support is at 465 and the next step up will be to 500.  

Google: Resistance is at 418 while support is at  379.

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