Friday, November 04, 2005

Guesstimates on November 4, 8:45 am ET

December S&P Futures: The market will probably bounce off of 1223 resistance but I thin that support in the 1212-1213 zone will hold. Next step up will carry to 1246.  

December Bonds: The bonds reached minor support at 110-18 this morning but they are not likely to rally past 111-10 before dropping to 110-00.

December 10 Year Notes: The notes bounced off of support at 107-20 this morning but I think they will stay below 108-06 and then take another step down to 107-00.

December Eurocurrency: The market is on its way to my 117.50 to 118.50 target area.

December Crude: Resistance is at 61.50. The market is headed for the next downside target at 57.90. The market should be trading below 56.00 soon.

December Gold: The market is now headed for 500. Support is at 461.

Google: Resistance is at 389 while support is at  361.

1 comment:

Anonymous said...

resistance on GOOG?