Thursday, December 03, 2009

Guesstimates on December 3, 2009

December S&P E-mini Futures: Today's day session range estimate is 1108-1122. I think the market is headed for the 1130-40 range.

QQQ: Support is at 42.50. Upside target is 46.50.

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 the market is headed for 160. Meantime support is at 147.50.

Dollar-Yen: I think the dollar-yen is headed down to 80.

January Crude: I think that crude is headed down to 50.00. Resistance is still at 81.00.

GLD – February Gold: I think that continuation upward to 1230 is likely.

SLV - March Silver: The 1900 target has been reached. Still no sign of a top so continuation upward to 2100 is likely.

Google: Support is now at 535. This step upward will carry to 610.


extrader said...

I was interested in buying Carl's book and would like some reviews from people who have bought his book.

Can you tell me what the book is about and has it helped you in ur trading?

Also, any trading ideas or setups that habe been helpful for you?

Carl, if u want to add some things, i would appreciate it.


me said...

The overnight S&P mini trading was an uptrend, so I agree that it will go up this morning for S&P 500.

me said...

We are still on P1 wave, the last leg up.