Monday, January 23, 2006

Guesstimates on January 23 , 8:50 am ET

March S&P Futures:  I am looking for a low today in the 1262-65 range and expect the market to start a move to 1320 from there. 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: Resistance is at 123.00 and from there a move to below 115 will begin.  

March Crude: Resistance is at 69.40 and from there the market will head down to 62.00 and then to 57.00.

February Gold: A move down to 470 is underway. Resistance today is at 563.

March Silver: A move down to 750 is underway. Resistance today is at 904.

Google: I think GOOG will make a low around 395 and then start a move to 495.

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