Guesstimates on May 30, 8:00 am ET

Spiders - June S&P E-mini Futures: The market moved a little past 1400 resistance yesterday but not enough to shake my belief that it is headed for 1360 or even a little lower before it starts a leg up to 1500.

QQQ: I think a drop to support at 46.50 is underway.

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: Resistance is still at 158.00. I think the market is on its way to 140.

Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.

XLE - OIH - USO – July Crude: Crude is on its way into the 112-115 zone. Resistance above the market is at 134.

GLD - August Gold: The market’s weakness yesterday changed my mind about the direction of the short term trend. I now think gold is headed for 750.

SLV - July Silver: I now think the trend in silver is downward and will carry the market at least to 1400.

Google: I still think Google will drop to 515 or so before resuming its uptrend.

Guesstimates on May 29, 8:00 am ET

Spiders - June S&P E-mini Futures: The market has entered the 1350-75 zone. I think the S&P’s will reach 1360 or so before beginning a leg up to 1500. Resistance today is 1400.

QQQ: I think a drop to support at 46.50 is underway.

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: Resistance is still at 158.00. I think the market is on its way to 140.

Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.

XLE - OIH - USO – July Crude: Crude is on its way into the 112-115 zone. Resistance above the market is at 134.

GLD - August Gold: August gold has support at 880. I still think a move to 1000 or higher is underway but a close underneath this support will change my mind.

SLV - July Silver: I think the trend in silver is upward but a close below 1680 will change my mind.

Google: It looks like Google will drop to 515 or so before resuming its uptrend.

Guesstimates on May 28, 8:00 am ET

Spiders - June S&P E-mini Futures: The market has entered the 1350-75 zone. I think the S&P’s will reach 1360 or so before beginning a leg up to 1500. Resistance today is 1400.

QQQ: I think a drop to support at 46.50 is underway.

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: Resistance is still at 158.00. I think the market is on its way to 140.

Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.

XLE - OIH - USO – July Crude: Crude is on its way into the 112-115 zone. Resistance above the market is at 134.

GLD - August Gold: August gold has support at 880. I still think a move to 1000 or higher is underway but a close underneath this support will change my mind.

SLV - July Silver: I think the trend in silver is upward but a close below 1680 will change my mind.

Google: It looks like Google will drop to 515 or so before resuming its uptrend.

Guesstimates on May 27, 8:00 am ET

Spiders - June S&P E-mini Futures: The market has entered the 1350-75 zone. My best guess for exact support is now 1360. Resistance above the market today is at 1400. After the reaction has been completed I expect to see a rally which will take the S&P’s to 1500.

QQQ: I think a drop to support at 46.50 is underway.

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: Resistance is still at 158.00. I think the market is on its way to 140.

Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.

XLE - OIH - USO – July Crude: I still think crude will reach 136 before a break of at least 10 dollars develops.

GLD - August Gold: August gold is headed back to 1000 and possibly to the 1060 level.

SLV - July Silver: I think the trend in silver has turned upward and that a move to 2000 is underway.

Google: It looks like Google will drop to 515 or so before resuming its uptrend.

Guesstimates on May 23, 8:00 am ET

Spiders - June S&P E-mini Futures: The market is on the way down into the 1350-75 zone. Resistance above the market today is again at 1410. After the reaction has been completed I expect to see a rally which will take the S&P’s to 1500.

QQQ: I think a drop to support at 46.50 is underway.

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: Resistance is still at 158.00. I think the market is on its way to 140.

Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.

XLE - OIH - USO – July Crude: I still think crude will reach 136 before a break of at least 10 dollars develops.

GLD - June Gold: June gold is headed back to 1000 and possibly to the 1060 level.

SLV - July Silver: I think the trend in silver has turned upward and that a move to 2000 is underway.

Google: It looks like Google will drop to 515 or so before resuming its uptrend.

Guesstimates on May 22, 8:00 am ET

Spiders - June S&P E-mini Futures: The market is on the way down into the 1350-75 zone. Resistance above the market today is at 1410. After the reaction has been completed I expect to see a rally which will take the S&P’s to 1500.

QQQ: I think a drop to support at 46.50 is underway.

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: Resistance is at 158.00. I think the market is on its way to 140.

Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.

XLE - OIH - USO – July Crude: Crude is headed for the 136 level.

GLD - June Gold: June gold is headed back to 1000 and possibly to the 1060 level.

SLV - July Silver: I think the trend in silver has turned upward and that a move to 2000 is underway.

Google: I looks like Google will drop to 515 or so before resuming its uptrend.

Guesstimates on May 21, 8:00 am ET

Spiders - June S&P E-mini Futures: The market is on the way down into the 1350-75 zone. After the reaction has been completed I expect to see a rally which will take the S&P’s to 1500.

QQQ: I think a drop to support at 46.50 is imminent.

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 now at 101.15.

XLE - OIH - USO – July Crude: Yesterday’s close above 127.50 means that crude is headed for the 136 level.

GLD - June Gold: Yesterday June gold closed above the 915 level and this means that the market is headed back to 1000 and possibly to the 1060 level.

SLV - July Silver: I think the trend in silver has turned upward and that a move to 2000 is underway.

Google: I looks like Google will probably drop to 515 or so before resuming its uptrend.

Guesstimates on May 20, 8:00 am ET

Spiders - June S&P E-mini Futures: The market has reached the 1430-40 zone and I think yesterday’s late break is the start of a drop that will carry the market down into the 1350-75 range. From that upcoming low I expect to see a rally which will take the S&P’s to 1500.

QQQ: I think a drop to support at 46.50 is imminent.

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 now at 101.15.

XLE - OIH - USO – July Crude: A close above 127.50 will make move up to 136 very likely.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: I looks like Google will probably drop to 515 or so before resuming its uptrend.

Guesstimates on May 19, 8:00 am ET

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 now at 101.15.

XLE - OIH - USO – June Crude: A close above 127.50 will make move up to 136 very likely.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is now at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 560. I think a big move upward is underway. Next short term upside target is 640.

Guesstimates on May 16, 8:00 am ET

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 now at 101.15.

XLE - OIH - USO – June Crude: The market has stalled at the 126 level but no break has materialized yet. A close above 127.50 will make move up to 136 very likely.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is now at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 560. I think a big move upward is underway. Next short term upside target is 640.

Guesstimates on May 15, 8:00 am ET

Spiders - June S&P E-mini Futures: I still think the market is headed into the 1430-40 range and should get there within 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 now at 101.15.

XLE - OIH - USO – June Crude: The market has reached the 126 level and I think a drop to 110 or so is imminent.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is now at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 560. I think a big move upward is underway. Next short term upside target is 640.

Guesstimates on May 14, 8:00 amET

Spiders - June S&P E-mini Futures: Support today is still at 1375 but I think the market is now headed into the 1430-40 range.

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 now at 101.15.

XLE - OIH - USO – June Crude: The market has reached the 126 level and I think a drop to 110 or so is imminent.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is now at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 560. I think a big move upward is underway. Next short term upside target is 640.

Guesstimates on May 13, 8:00 am ET

Spiders - June S&P E-mini Futures: Support today is still at 1375 but yesterday’s action indicates that a rally into the 1430-40 range is underway.

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 now at 101.15.

XLE - OIH - USO – June Crude: The market has reached the 126 level and I think a drop to 110 or so is imminent.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is now at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 560. I think a big move upward is underway. Next short term upside target is 640.

Guesstimates on May 12, 8:00 am ET

Spiders - June S&P E-mini Futures: Support today is again at 1375. I think it is likely that the market will begin a rally from that level into the 1430-40 range.

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 now at 101.15.

XLE - OIH - USO – June Crude: The market has reached the 126 level and I think a drop to 110 or so is imminent.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is now at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 540. I think a big move upward is underway. Next short term upside target is 640.

Guesstimates on May 9, 8:00 am ET

Spiders - June S&P E-mini Futures: Support today is at 1375. I think it is likely that the market will begin a rally from that level into the 1430-40 range.

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 now at 101.15.

XLE - OIH - USO – June Crude: The market has traded as high as 125.95 this morning and I think another break of at least $10 is imminent.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is now at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 540. I think a big move upward is underway. Next short term upside target is 640.

Guesstimates on May 8, 8:00 am ET

Spiders - June S&P E-mini Futures: It now looks like a reaction into the 1375-85 range is underway. Once it is complete I shall be looking for a rally into the 1430-40 range.

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. 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 now at 101.15.

XLE - OIH - USO – June Crude: The market is headed for 126 before another substantial break begins.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is now at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 540. I think a big move upward is underway. Next short term upside target is 640.

Guesstimates on May 7, 8:00 am ET

Spiders - June S&P E-mini Futures: I still think that the market has a better than even chance of moving into the 1430-40 range before it drops below 1390. Support in any case is at 1375.

QQQ: 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. 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 now at 101.15.

XLE - OIH - USO – June Crude: The market has closed twice past the 119.00 level so I think it is headed for 126 before another substantial break begins.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is now at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 540. I think a big move upward is underway. Next short term upside target is 610.

Daily guesstimates on May 6, 8:00 am ET

Spiders - June S&P E-mini Futures: I still think that the market has a better than even chance of moving into the 1430-40 range before it drops below 1390. Support in any case is at 1375.

QQQ: 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. 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 now at 101.15.

XLE - OIH - USO – June Crude: The 119.00 level is still strong resistance and I think a drop to 106.00 or so is imminent.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is now at 915.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 540. I think a big move upward is underway. Next short term upside target is 610.

Guesstimates on May 5, 8:00 am ET

Spiders - June S&P E-mini Futures: I just sold my e-mini longs at 1409. I still think the market has a better than even chance of moving into the 1430-40 range before a multi-day reaction starts, but I am even more convinced that a drop of 50-60 points will begin soon.

QQQ: 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. 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 now at 101.15.

XLE - OIH - USO – June Crude: The 119.00 level is still strong resistance and I think a drop to 106.00 or so is underway.

GLD - June Gold: The market should drop into the 750-80 range. Resistance is still at 940.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 540. I think a big move upward is underway. Next short term upside target is 610.

Guesstimates on May 2, 8:15 am ET

Spiders - June S&P E-mini Futures: I am raising my e-mini stop to 1378. I shall take profits at 1433.

QQQ: I think the Q’s are about to move into the 50-51 zone.

TLT - June Bonds: I think the bonds are on the way down to 112. 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: I still think the euro will move into the 161-162 zone, but I also think that the market is at strong, long term resistance and that the next big move will be downward to 140.

Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.

XLE - OIH - USO – June Crude: The 119.00 level is strong resistance and I think a drop to 106.00 or so is underway.

GLD - June Gold: The market should be headed for the 750-80 range. Resistance is still at 940.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 510. I think a big move upward is underway. Next short term upside target is 610.

Guesstimates on May 1, 8:00 am ET

Spiders - June S&P E-mini Futures: I am raising my e-mini stop to 1368 because I think support is now at 1375. I also think a move up to 1430 is imminent.

QQQ: I think the Q’s are about to move into the 50-51 zone.

TLT - June Bonds: I think the bonds are on the way down to 112. 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: I still think the euro will move into the 161-162 zone, but I also think that the market is at strong, long term resistance and that the next big move will be downward to 140.

Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.

XLE - OIH - USO – June Crude: The 119.00 level is strong resistance and I think a drop to 106.00 or so is imminent.

GLD - June Gold: The market should be headed for the 750-80 range. Resistance is still at 940.

SLV - July Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 510. I think a big move upward is underway. Next short term upside target is 590.