Tuesday, April 26, 2011

Guesstimates on April 26, 2011

June S&P E-mini Futures: Today's range estimate is 1332-42. The ES is headed for 1400 and above.

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: 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.

June Crude: Next step up will carry crude to 118. Support is at 106.

GLD – June Gold: Support is at 1435 and the next upside target is1560.

SLV - May Silver: Next resistance is at 49.50.

Google: GOOG is headed for support at 495 from which point the move to 700 and above will resume.

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

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