Monday, April 05, 2010

Guesstimates on April 5, 2010

June S&P E-mini Futures: Today's range estimate is 1169 - 1182. The ES should reach 1200 in April on its way to 1225 or so.

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 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.

2 comments:

Wags94596 said...

Crude Oil continues to break out.

Win said...

Carl,
Does the breakout above your /ES range signal a ST top? That would accord with my analysis. The USD should rise as well, at least for the early part of this week. All the best!