Friday, August 11, 2006

Guesstimates on August 11, 8:50 am ET

September S&P Futures: I think that the correction which began from the 1297.75 level on August 4 should ended yesterday at 1262.50 which will also be support for the next few days. The next development will be a rally to 1309.

September Bonds: The 108-04 level is support and I think the bonds are about to rally to 110.

September 10 Year Notes: Support is at 105-28 and the next development will be a rally to 107-16.

Euro-US Dollar: Resistance is still at 129.20 and the next development should be a drop below 123.00.  

Dollar-Yen: I think the yen will hold 114.30 support. The next development will be a rally to 120.00. The yen should reach 130 over the next year.

September Crude: Downside target is 68.00 and resistance above the market is at 76.60.

December Gold: I now think that gold will not rally above its July high and instead will stall below 670 and begin an extended drop.

September Silver: I think silver will hold below resistance near 1270 and begin a move to below 900.  

Google:  Support is at 364 and I think GOOG will soon move above its all time high of 475.  


Mr. MFEMFEM said...

Interesting page, I like some of your ideas.

Anonymous said...

What are your thoughts on CME?