Wednesday, October 28, 2009

Guesstimates on October 28, 2009

December S&P E-mini Futures: Today's day session range estimate is 1048-63. The market should start a base building process today and by the end of the week start a move to 1120.

QQQ: Support is at 42.30. 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: The 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 now at 490. Next step upward will carry to 610.


SJG said...

It would be nice if the market were that repeatable. For the last 5 times since the March bottom buying the dips was smart. I have a hunch this time will be different.


andi said...

My take is market is at the lower TL support and a move to 1075 will be attained by tomorrow...