Monday, November 13, 2006

Guesstimates on November 13, 8:50 am ET

December S&P Futures: Support remains in the 1378-81 range today. The next important move will be upward into the 1410-20-zone.

December Bonds: The bonds are headed up into the 115-01 or so. Support is at 112-22.

December 10 Year Notes: The notes are headed up to 109-16. Support is at 108-04.

Euro-US Dollar: The euro should find support near 127.70. I also think that the market will take out its June 5 high at 129.76 before the advance from 124.83 is complete.

Dollar-Yen: The yen should drop to 116.00 or so and then rally to 121.00. I expect to see the yen at 130 next year.

December Crude: The 58.50 level is support today and I still think the market will rally to 62.00 or so.

December Gold: Gold is headed for 650 and quite possibly up into the 675-80 range. Support today is at 620.

December Silver
: Silver should reach 1350 before and substantial drop begins. Support is at 1270.

Google
: GOOG will soon reach its initial 507 target and then move on to its higher 564 target. Support is at 463.

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