Tuesday, November 22, 2005

Guesstimates on November 22, 8:40 am ET

December S&P Futures: The S&P futures are headed for the top of the box near 1265. support is 1238.

December Bonds: The bonds will probably drop to support near 112-04 and then rally to 113-25.  

December 10 Year Notes: The notes will probably drop to support near 108-10 and then rally to 109-28.

December Eurocurrency: I think the 117.00 level will hold and that the market will now rally to 118.90 and then to 122.00.

January Crude: The market is headed for 54.20 and meantime 58.90 is resistance.

December Gold: The market hit 495 overnight but there is still a good chance we will see a reaction to 482 or so before a move to 507 develops.

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


Anonymous said...


yesterday, you had an article on BOT with a target of 153..Bank of America changed its target to 92 with a sell ratings..does it change your view?

Carl Futia said...

I still believe we will see 153 before we see 92.