Wednesday, October 21, 2009

Guesstimates on October 21, 2009

December S&P E-mini Futures: Today's day session range estimate is 1075-1090. The market should reach 1120 by the end of the month.

QQQ: Next upside target is 45.00.

TYX (thirty year bond yield): I think this market has begun a move to 5.00%.

TNX (ten year note yield): I think that the market has begun 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.

December Crude: I think that crude is headed down to 50.00. Resistance is now at 81.00.

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: Upside target is 550 has been reached. Support is now at 490. Next step upward will carry to 610.


MaverickUK said...

I think the downside reaction is complete Carl. I think we're going to 1104/5 now.

J said...

Why do you think oil is headed to $50 if you think dollar and is going down and gold and stocks up?