December S&P E-mini Futures: Today's day session range estimate is 1052-1070. I think a move to 1120 is underway.
QQQ: Next upside target is 45.00.
TYX (thirty year bond yield): Support is at 4.05%. 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: The market nearly hit the 148.50 target. I think a sustained drop to below 120 is about to start.
Dollar-Yen: I think the 87.13 low will hold and that the yen will soon begin a move to 105.00.
November 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 970.
SLV - December Silver: Continuation up to 1900 is likely.
Google: Upside target at 500 has been reached. Support is at 450. Next upside target is 550.
3 comments:
Hi,
I see that you have a view of €/$ going to 1,2 and in the same way gold to 1070 and also Spx to 1120. What is supoporting you thinking, I mean, in the recent time, euro is correlated to spx and also gold.
regards,
Hi Carl,
I am just starting out here and I am buying and selling SPY and following your advice while trying to learn. I am taking small steps. Do you think that is a good move?
Thanks!
K
K:
NO. Please read
http://carlfutia.blogspot.com/2005/04/should-you-speculate.html
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