Monday, April 12, 2010

Guesstimates on April 12, 2010

June S&P E-mini Futures: Today's range estimate is 1188 - 1200. I think a break of 20-30 points will begin this week from approximately the 1200 level.

QQQ: A rally to 50.00 and higher is underway.

TYX (thirty year bond yield): I think this market is headed for 5.40%.

TNX (ten year note yield): I think that the market has begun a swing up to 4.50%.

Euro-US Dollar: Support is 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.

May Crude: The market has moved visibly above resistance but I still think the next big move will take it to 50.00.

GLD – June Gold: The longer term trend has turned downward. I expect gold to drop to 875 over the next few months.

SLV - May Silver: I think silver has started a down move that will carry it to 10.00 over the next few months. Resistance above the market is now 18.30.

Google: A move that should take GOOG above 700 is underway.


Ratatat said...

Carl or fellow speculator,

When you say "break" you mean a pullback of 20-30 points right?

Thanks for the great site!


sandy allred said...

Break or pullback is a matter of semantics. A decline of 20-30 points is significant. My thought is no significant break is likely to begin until next week from the 1215 level. The size of the break would be 93 points and would end 30 April. UUP support is @ 23.12. Oil and natgas are positive today.