Monday, March 27, 2006

Guesstimates on March 27 , 8:50 am ET

June S&P Futures: I still think the market will drop to 1297 or so and then move above 1320.

June Bonds: The bonds are headed for 111-28. I think the market is on its way into the 107-108 zone over the next few months.

June 10 Year Notes: The notes are headed for 107-30. I think notes will reach 104 or so in a few months.

Cash US Dollar -Euro: Resistance is at 120.80. Another break to 118.90 should follow this rally. After that a move to 125.00 becomes likely.

May Crude: The next significant move will be downward to 56.80-57.20. I think that over the next few months the market will drop to 52.00 or lower.

April Gold: I now think gold will only rally close to its February top at 579. It is acting noticeably weaker than silver so I think the bull market here is on its last legs.  

May Silver: Silver has nearly reached 1095.  I think gold has a more to go on the upside so I now think silver can make it up to 1108 before a substantial drop begins.  

Google: I am convinced that GOOG is on its way to 405 and then to 440 although a move to 495 no longer seems likely. Support is at 356.  

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