June S&P E-mini Futures: I think that last week's low at 1056 ended the correction from 1216. Today's range estimate is 1138-68.
QQQ: A move up to 54.00 will be the next big swing.
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: The market is starting to stabilize. The 131 level is resistance.
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: I still think the longer term trend has turned downward. I expect gold to drop to 875 over the next few months.
SLV - July Silver: I think silver has started a down move that will carry it to 10.00 over the next few months. Resistance is now 19.00.
Google: The 495-505 zone is support. A move that should take GOOG above 700 is underway.
Apple: Should reach 350 (at least) before the bull market ends. Support is at 240.
2 comments:
Carl, is this the swing to 1270 or even higher explosive highs?
It appears that the last "Black Thursday" was gamed by the most despicable banks to arm-twist the Congress into voting against the breaking of too-big-to-fail banks and to force the SEC to settle with Godman Sucks.
Yes, indeed, it was a buying opportunity that the banks created for themselves while scaring the s... out of everyone else to entice some bears.
Does anyone still not believe in conspiracies?
Or is everyone "smart" enough to say that our economic future is very bright and to bet on the long side with their hard-earned money?
Carl,
$350 for apple ehh? How much longer do you feel this bull market is going to last for?? Another 9-12 months?
Post a Comment