June S&P E-mini Futures: Today's range estimate is 1275-93. I think the next development will be a drop to 1225-35 which should end the correction which began from the February top. Once this correction is complete the bull market will resume.
QQQ: I expect to see new bull market highs after the current break ends.
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 move up to 145.00.
Dollar-Yen: Intervention by the Bank of Japan and the Fed rallied the yen to 82.00. I think 83.50 is the upside potential. After that the drop to 70.00 should resume.
April Crude: Crude will continue upward to 112. Support is at 97.
GLD – April Gold: A move to new highs is underway. 1495 is the next upside target.
SLV - May Silver: Silver has reached the 36.00 upside target but there is still no sign of a top. Next stop is 39.50.
Google: The 540 level is support. A move that should take GOOG above 700 is underway.
Apple: Next upside target is 375. Support is at 310.
3 comments:
Carl, I hope you post your up-to-date monthly returns (and other stats such as number of trades etc.) of your live blog here in order to attract new subscribers.
why do you think we will go down , now we have completed the downturn of last week, also S&P rebounded strong 200pt and 100pt or so in last 2 trading days
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