Tuesday, November 15, 2005

Guesstimates on November 15, 8:50 am ET

December S&P Futures: The S&P futures are headed for the next upside target near 1246. Support is at 1227.

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: The market should be trading at or below 56.00 soon and meantime 59.80 is resistance.

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.

1 comment:

Anonymous said...

Dear Carl, I really appreciate your work, which I've followed in the last two months.
I agree with your euro-dollar view, but I would like ask you a question about. Why do you limit this euro rebound to 1.1890 instead the previous 1.2300?
I think that we should see 1.20 in a couple of days.
Thank you for your answer.