Wednesday, December 06, 2006

Guesstimates on December 6, 8:50 am ET

December S&P Futures: The market is stalling just shy of the 1418-20 resistance zone. I think it will drop to 1405 or so before the advance resumes.

March Bonds: Support stands at 113-30 and from there the market should rally to 115-16. However, the next 5 points in this market will be downward from here.

March 10 Year Notes: The notes should rally to 110-16. Support stands at 109-00.

Euro-US Dollar: I still think that a move to 116 and lower is imminent.

Dollar-Yen: I think a move to 121 and ultimately to 130 has begun.

January Crude: Crude has a good chance of extending its rally to 65.00. Support is still at 61.50.

February Gold: The upside target is 662. Support stands at 633.

March Silver
: I think the market is headed for 1450. Meantime support is at 1350.

Google: Last January’s top at 475 is now support and I expect Google to resume its rally to 564.

1 comment:

Anonymous said...

Where will the NEXT advance resume to?


Great Blog!