Wednesday, February 24, 2010

Guesstimates on February 24, 2010

March S&P E-mini Futures: Today's day session range estimate is 1092-1105. The market will reach 1200 over the next three months.

QQQ: A rally to 50.00 is underway.

TYX (thirty year bond yield): I think this market is headed for 5.00%.

TNX (ten year note yield): I think that the market has begun a swing up to 4.30%.

Euro-US Dollar: This market is now headed for support near 131.00. Resistance above the market is at 141.00. Looking further ahead I think that a drop to 125 is likely over the coming months.

Dollar-Yen: A rally to 100.00 is underway. Support is at 90.00.

March Crude: I think the market is headed for 50.00.

GLD – April Gold: The longer term trend has turned downward. I expect gold to drop to 875 over the next few months. Resistance is at 1120.

SLV - March Silver: I now think silver has started a down move that will carry it to 10.00 over the next few months. Resistance above the market is at 17.00.

Google: The next significant move should take GOOG above 700.


AdrianD said...

i think today we will see the bottom of a swing that will take us above ES 1113 in a few days.

AdrianD said...

a sell off to the 1089-1091 zone would be a gift to the bulls in my opinion