Thursday, April 07, 2011

Guesstimates on April 7, 2011

June S&P E-mini Futures: Today's range estimate is 1326-36. The market 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: I think the euro will move up to 145.00.

Dollar-Yen: The dollar-yen has been stronger than I expected. Next resistance is 86.50. I still think that a drop to 70.00 lies dead ahead.

May Crude: Crude will continue upward to 112. Support is at 97.

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

SLV - May Silver: The 39.50 resistance level has been reached. The market is likely to stall here, but my best guess is that continuation up to 44.00 is likely.

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.

1 comment:

Ali said...

Hi Carl!
What do you think about shorting May-Crude at levels of 110-112? The price pattern looks like a triangle that could drop down any day now.