Friday, October 09, 2009

Guesstimates on October 9, 2009

December S&P E-mini Futures: Today's day session range estimate is 1053-1070. 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: Still expecting 1070. Support is at 970.

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

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


Moritz said...

Hi Carl,

You forgot the October 9th on the headline.


thelonelytrader said...

About the Euro-US dollar, what do you mean by a drop below 120? Eurodollar is currently at 99xx and 6E (forward) and EURUSD (spot) are currently in 1 month range b/n 145xx and 148xx. Do you mean a drop in spot to 14120?

Just asking because I am still waiting for my profit target at 14840!