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.
2 comments:
Hi Carl,
Markets are "fool Americans" with oil 125.
Fooled Americans with a mountain of debt is doomed. Quicker facing the reality is better.
http://trend-signals.blogspot.com/2008/05/time-to-crash-us-debt-and-asset-bubbles.html
Other than that,
Have a good weekend
Carl,
I don't know if anyone gave you any accolades for your last trade; so here is one.
Great job. I am a day trader so I imagine the patience to hold on to a trade through 20 or 25 point swings must be immense.
Thanks for sharing your calls.
Charles
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