Thursday, April 14, 2011

Guesstimates on April 14, 2011

June S&P E-mini Futures: Today's range estimate is 1298-1310. I think this correction will end in the vicinity of 1285.

QQQ: Upside target is 63.00.

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: The euro has reached 145.00 but I see no sign yet of a top. Support is now at 142.50. Next upside target is 149.00.

Dollar-Yen: I think the rally in the dollar-yen is over. The market is now headed down to 70.00.

May Crude: The 112 target has been reached. I expect a lot of hesitation here if not a significant reversal. In the meantime support is at 104.

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

SLV - May Silver: Continuation up to 44.00 is likely.

Google: The 560 level is support. A move that should take GOOG above 700 is underway.

Apple: Next upside target is 410. Support is at 310.

3 comments:

Nav said...

TODAY,CARL GAVE A TRADE TO GO LONG @1300--1307,1304--1308.75 THOGH I'M STILL HOLDING FOR 1312+O/N.
THANK YOU,CARL .
JOIN SEMINAR,YODAY'S UPDATES .......
WORTH MILIONS LIKE ALWAYS.
WHY I POST COMMENT HERE,MY FRIENDS VISIT BOTH SIDES.
WE WOMEN ARE SO VERY OBLIGED TO YOU,CARL!
STAY HEALTHY,HAPPY WITH YOU FAMILY !
YOU ARE AWESOME ,SIR .

S Mohiuddin said...

Nav the persistent preacher -- all caps now?
Please spare the world. I'm willing to join if you give up your evangelical preaching.

Nav said...

S Mohiuddin !
So Happy to hear that you are joinig us soon.Glad you atlast listen to me,I told the truth
otherwise how would you know the trades, Carl offered us.
I'll respect your comfort zone.ok!
Be Happy And Come With Us As I'll Wait For You!
Naveedah.