Monday, November 09, 2009

Guesstimates on November 9, 2009

December S&P E-mini Futures: Today's day session range estimate is 1068-1082. I expect to see this rally reach the 1120 level

QQQ: Support is at 41.10. 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 1030.

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

Google: Support is now at 490. Next step upward will carry to 610.


extrader said...


If u are so bullish, why didnt u go long today after it cleared 1070 and held above it?

Carl Futia said...

Gee,Ex, why didn't you tell us at 9:30 am that the market was going to go straight up from the open?

extrader said...

That is a good question Mr. Futia!

My answer to that is that I was looking for a pullback to 1070, then I was going to go long, but never pulled back to that price, so I waited for 1079 which was the next area of resisitance... I got stopped out at 1081, once I saw that 1079 became support, I jumped in and made it back, just dont hold it long like u do.