Friday, August 21, 2009

Guesstimates on August 21, 2009

September S&P E-mini Futures: I think that today's day session range will be 998-1015. A swing to the next upside target at 1035 is underway. I think the e-minis will reach the 1120 level over the next few months.

QQQ: Support is at 38.80. Next upside target is 42.00.

TYX (thirty year bond yield): Support is at 4.20%. I think a swing to above the 5.00% level is underway.

TNX (ten year note yield): Support is at 3.25%. I think a swing up to 4.30% is underway.

Euro-US Dollar: There is no sign of a top. Support is at 137.50 and I think the market will continue upward to 146.00.

Dollar-Yen: The yen has started a move up to 105.00.

October Crude: I now think that crude is headed down to 50.00. Resistance is at 76.00.

GLD – December Gold: Still expecting a move to 1070. Support is at 900.

SLV - September Silver: Silver is headed to 1700. Support is at 1250.

Google: Support is at 420. Next upside target is 500.

1 comment:

  1. Too high, too fast the market goes. I wonder how you feel having predicted the move and not being able to take a bite. By the way, nice voice!

    ReplyDelete