Friday, December 08, 2006

Guesstimates on December 8, 8:50 am ET

March S&P Futures: The market reached support in the 1417-19 zone earlier this morning and I think the next development will be an advance into the 1437-39 zone.

March Bonds: The bonds broke on the employment number to 113-07 but I think that level will hold. The next development should be a rally to 116-00. 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: Gold dropped a little below 633 support yesterday but I think the market is about to rally to the 662 target. After that I shall be expecting a drop below 540.

March Silver: I think silver now is headed for 1450-1460. After that I shall be expecting a drop below 940.

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


Anonymous said...

Can we get your out look for usd/cad?
Thanks for your great work.

Anonymous said...

Your veiws are excellent... I do have one question about futures vrs. cash price... it probably varies? I am not a futures trader, so is there an easy way to check the difference so I can keep my cash price in sync with your futures price?