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.
3 comments:
Hi Carl,
You will have to change the outlook for Gold (which has broken the down trend) and Euro as well following the crude oil.But I have never seen you trading those so I guess you don't spend much time on them. Best
Hi Carl, during the last few weeks, market sentiment turned to bullish.
Unreal. LOL
http://investorshub.advfn.com/boards/read_msg.asp?message_id=29409492
hi carl
joe here , just thought id mention something regarding the sentiment
when i read the notes on this blog
it appears to me first of all that people only read what they want to read . i find it not suprising that there are no comments today
since you warned of a decline the other day . and the responces apear to me that the crowed is bullish so they are not really disiplined in there approach .
weather you are right or wrong
the comments will come when you right what they want to read or
they will complain big time when you right something they dont agree with and then will disapear for a bit only to show up as the re action ends to complain again
when you turn back to the bullish side . i mentioned my thoughts the other day which was a re action to the downside should begin may 16th to may 23rd and should end late may to june 12th . well i think your 60 point reaction to the downside is begining if it has not already begun . stay true your work , you and i may not agree at times yet i admire your disipline
good work . for the record i still
think point 18 was the jan lows and we are now half way into point 19 .
joe
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