Wednesday, October 14, 2009

Guesstimates on October 14, 2009

December S&P E-mini Futures: Today's day session range estimate is 1075-1090. A move to 1120 is underway.

QQQ: Next upside target is 45.00.

TYX (thirty year bond yield): Yields have dropped more than I expected. Still I think this market has a good chance of holding the 3.90 yield zone and then starting a move to 5.00%.

TNX (ten year note yield): The 10 year yield has dropped more than I expected. Still, I think that the 3.10% level will provide support and that the market will soon begin a swing up to 4.30%.

Euro-US Dollar: 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: Almost at 1070 but market will probably keep going until it reaches 1120. Support is at 1000.

SLV - December Silver: Continuation up to 1900 is likely.

Google: Support is at 450. Next upside target is 550.


RAW said...

Carl, "yu is da man". Appreciate your steady, right on info.

kcounty said...

wonder what Carls thots on crude oil, now that its buttin up against his resistance at 76!!

do tell!!