Monday, June 13, 2011

Guesstimates on June 13, 2011

September S&P E-mini Futures: Today's day session range estimate is 1260-1275. I think the drop from 1373 is ending. A sustained swing up above the 1400 level will be the next significant development.

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 believe the 139.68 low will hold and that the market is headed back to 150.00 and higher. Support now is at 144.50.

Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 82.45.

July Crude: It looks like the trend is downward. Support is at 94 and I think the market will rally to 106 or so before another down leg develops. That subsequent down leg should carry crude down to 88.

GLD – August Gold: Gold appears on its way to new highs. Upside target is 1630. Support is at 1430.

SLV - July Silver: Resistance in silver is 41.50. An strength above 43.00 would mean that the market is headed above 50.00.

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.


John Verdone said...

I believe you have lost your mind. This market is going down!

David said...

Techincal bounce today, exhaustion selling tomorrow, then a proper rallye for some weeks, not sure we'll make new highs unless corporate profits are once again better than expected...

Which doesn't mean I believe the economy is going to get any better soon...

Erist said...

Hey Carl, any new ideas on SLV??!

S Mohiuddin said...

Carl, your consistency in maintaining a bullish bias at all times is a great reason why your predictions are often true.

Barton said...

Bart says: What happened to Lindsay's Three peaks and a domed house scenario?