Friday, January 14, 2011

Guesstimates on January 14, 2011

March S&P E-mini Futures: Today's range estimate is 1270-1280. A small reaction into the 1265-70 range is underway. It would take a drop below 1257 to signal the start of a 50-75 point break. By early April this market will be trading well above 1300.

QQQQ: I think the market will rally to 58.50.

TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.

TNX (ten year note yield): The 10 year yield is headed for 4.50%.

Euro-US Dollar: I think the euro will soon begin a move up to 145.00.

Dollar-Yen: A drop into the 78.00 - 79.00 range is underway and I think an important low will form in that zone.

February Crude: I still think crude oil is headed for 50.00.

GLD – February Gold: A move to new highs is underway. 1495 is the next upside target.

SLV - March Silver: The upside target at 31.00 has been reached but there is still no sign of a top. Next upside target is 36.00.

Google: The 540 level 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 265.


curt said...

i would respectfully disagree. A top that takes 6 weeks to build would suggest, in my opinion, the potential for a significantly greater drop than 50 - 75 pts and will likely take some time to complete although I do expect a quick A leg move. While I remain bullish, I think your April projection is optimistic.
regards and good trading

TMG2010 said...

Would u be kind enough to update us on where we are now located on the "3 Peaks and Domed House" pattern. Just the # would be OK. I have the layout from your past updates. Thx so much!!

TMG2010 said...
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