Thursday, January 19, 2006

Guesstimates on January 19 , 8:50 am ET

March S&P Futures:  The market is on its way to 1320.  Support today is at 1282. The market should reach the 1350 level in a couple of months.  

March Bonds: Resistance today is 114-28 and minor support is at 113-30. I think the market is on its way into the 107-108 zone.

March 10 Year Notes: Resistance in the notes is still at109-28 while minor support today is at  108-28. I think the market is headed down to 104 or so.

Cash Eurocurrency: The market is now headed below 115. Resistance today is at121.30.

March Crude: The market will now head down to 62.00 and then to 57.00.

February Gold: A move down to 470 is underway.

March Silver: A move down to 750 is underway.

Google: Support today is 439 but the next move up will carry to 495.  

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