Forecasts for the Stock, Bond and Commodity Markets

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Guesstimates on May 16, 8:00 am ET

Posted on May 16, 2008

Spiders - June S&P E-mini Futures: The market has nearly reached the 1430-40 zone. I think a break of 60 points or so will begin in a few days. QQQ: Support is at 46.50. I think the Q s will move into the 50-51 zone. TLT - June Bonds: I think the bonds are on the way down to 112. Resistance is at 117-28. I think TLT will drop to 88. June 10 Year Notes: I think the notes are on the way down to 112. Euro-US Dollar: The weakness late last week means that the market is about to drop to the 140 level. Resistance is at 158.00. Dollar-Yen: The yen is headed for 112.00.Support is...

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