Tuesday, October 11, 2011

Guesstimates on October 11, 2011

December S&P E-mini Futures: The market is now headed for 1250. Today's day session range estimate is 1170-1190.

QQQ: Now headed for 59.00.

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

Euro-US Dollar: The Euro rallied past 1.3550 resistance and will probably move up to 1.3750 before resuming its down trend. The euro is likely to drop to 1.20 over the coming months.

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

December Crude: The market is now headed for 55-60.

GLD – December Gold: Gold bounced off of support at 1550 but should hold resistance at 1670. Next downside target is 1400.

SLV - December Silver: Silver is now headed for 25.00.

Google: Downside target is 375.

Apple: Upside target is 435 was nearly reached. An extensive downtrend is underway. Support is at 345.

1 comment:

panzer said...

Carl, what do you make of copper down almost 4 percent on the china news of slowing demand?