June S&P E-mini Futures: Today's range estimate is 1363-73. 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 146.20. Next upside target is 149.30.
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 1485 and the next upside target is 1560.
SLV - July Silver: Resistance is at 49.50. Support at 44.00.
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.
3 comments:
Carl, looking forward to your post on this month's economist. Unbelievable -- you're right about the bull market!
Since we broke your key level support area, are we now due for a resumption of this trend long as this pullback is deemed as shallow?
Dear Readers,
This is not a bull, but BOOL market
I said on these page long time ago that
Even if market rose it will be because dollar declines and one cannot change the measure device (dollar) and call stocks rising.
In any case, my theses all along was , if you are bullish, buy GOLD not stocks.
Actually,I am in SWISSY which was better than gold and stocks since
April 2010.
Here is the truth about bull markets, they are Bernanke deceptions.
Congrats you made money , but lost purchase power, kind of a thing.
This is not a critique of Carl's approach, I view him as one of the best, but it does show that, that real thing is to use correct asset in correct currency.
Good Trading All
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