Forecasts for the Stock, Bond and Commodity Markets

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Guesstimates on June 27, 8:20 am ET

Posted on June 27, 2008

Spiders - September S&P E-mini Futures: I thought that the market was in a trading range but the drop through 1300 yesterday contradicted my expectation. The next support on the way down in 1272. There are emerging bullish divergences in the 5 and 10 day moving averages of advancing issues (click on My Charts on the right hand side of this blog). I still think that the March low at 1253 in the futures will hold and that the next big move will be upward to 1500.QQQ: I think the Q s will hold support in the 45-46 range and then begin a rally to 55. TLT - September Bonds: I don t see any sig...

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