Thursday, April 15, 2010

Guesstimates on April 15, 2010

June S&P E-mini Futures: Today's range estimate is 1198 - 1210. It looks like the ES will drop 30 points or more from the 1210-15 target zone.

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 is now 18.30.

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


Reza said...

GOOG earnings after hours. Do u think 650 is in the cards today after hours

Teich said...

I think we just saw a reaction at ES 1210.

Previous reactions were at ES 1165, 1176, 1188, and 1199.

Teich said...

Not sure if Carl agrees with me, but it seems like we have not seen the sign of a top. The market is so quiet and orderly.

Ratatat said...


When you say "reaction", can you explain exactly what you mean? You think we are going up some more, correct?


Teich said...

I don't think ES 1210 is the top. After rejecting the 1210 level once, ES climbed back up to the level and camped there. I certainly expected the possibility of an intraday cup-n-handle-like breakout.

Hi Ratatat: I was referring a break of 10 to 15 points.