Thursday, December 15, 2005

Guesstimates on December 15 , 8:55 am ET

March S&P Futures:  The market is now headed for 1298 with support at 1272.

March Bonds: I think the bonds are on the way to 113-28. I expect the bonds to rally into the 115-116 zone before the bear market resumes.

March 10 Year Notes: The notes should rally to 109-28. I expect this market to move into the 111-112 zone before the bear market resumes.

March Eurocurrency: Short term support is at the 120.00 level and the next upside target is 122.30.  The market is headed for 123.50.  

January Crude: Should bounce off the 62.20 level and then drop to 57.50. I expect crude to trade in a range of $54 to $64 for several months before going much lower.

February Gold: Short term support is 498-502 and a bounce upward into the 525-530 range from here would be normal. I think that the 544.90 high will hold for at least several weeks.

March Silver: The market has nearly reached 830 support  and a rally to 885 will be the next development. The high at 934.5 (electronic) will hold for at least several weeks.

Google: I think GOOG is now headed for 440.

1 comment:

hortons768im said...


i just heard from one of my hedge fund buddy that NAZ has topped out..there were sell signal triggerd all over the institutional desk.. do you believe the mkt has topped out?