Tuesday, September 13, 2011

Guesstimates on September 13, 2011

December S&P E-mini Futures: Today's day session range estimate is 1130-60. The ES is headed for 1105 and possibly lower. If it spends an hour today trading above 1161 I will turn short term bullish and look for a move to 1230.

QQQ: Now headed below 50.00.

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 near its historical low but will soon start a move to 4.50%.

Euro-US Dollar: The 1.3500 target has been reached. Resistance above the market is at 1.3850. I think we have seen only the first phase of a much bigger drop to 1.2000.

Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.

October Crude: Resistance above the market is at 92 and the next step down should take it to 60. I think this is a bear market in crude which is likely to continue down into the 50-60 range.

GLD – December Gold: Gold s headed for 2060.

SLV - December Silver: A move to 50.00 and higher is underway.

Google: I think much bigger drop than I expected is underway. Downside target is 375.

Apple: Upside target is 435. Support is at 345.


Zero Cool said...

hi Carl,

love your insight , possibilty of 1230 is out of question,they trick the macd-h at times like yesterday.. seen this before...looking for 1105 soon before the political fiasco ends.. signal will get confirmed if we end lower today on spy dec contracts below 1155..

janet said...

Thanks for the update, I went long for that anticipated bounce. Please let us know when your targets change. TIA, Janet

kcounty said...

hmmm. its been an hour...

freddiemanic said...

2 hours now. Short term bullish now?