Thursday, April 29, 2010

Guesstimates on April 29, 2010

June S&P E-mini Futures: Today's range estimate is 1192 - 1205. A swing to 1270 is underway.

QQQ: A move up to 54.00 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.

June Crude: I still think the next big move will take crude oil 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. It now looks like the drop from the temporary high at 630 will continued down to 505.

Apple: Should reach 350 (at least) before the bull market ends. Support is at 240.

1 comment:

Win said...


The Russell is weak today.