Tuesday, April 24, 2012

Guesstimates on April 24, 2012

June S&P E-mini Futures: Today's day session range estimate  is 1350-1365. As long as the ES stays below the 1371 midpoint of its trading range I will expect the market to drop into the 1320-30 zone before a move to new bull market highs begins.
QQQ:  Downside target is 63.50.         
TNX (ten year note yield):  The 10 year yield has drifted back into its recent multi-month trading range. I still think that the 10 year yield has started a move to  3.00%.  
Euro-US Dollar: The Euro has rejected the 1.3300 resistance level. The market is headed for 1.2600.
Dollar-Yen: Support is at 81.00. As long as the yen doesn't spend more than a day or two below that level I will stick with my view that it is headed up to 90.00
June Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – June Gold:  Gold will probably drop to 1585. A move to 2100 is underway.
SLV - May Silver: I think silver is headed for 50.00. The 31.50 level is now support.
Google: Google is now headed for its 2007 top near 750. Support is at 590.    
Apple: A has broken 575 support but the drop from 644 will probably  end near 520.  I don't think the AAPL bull market is over and expect to see AAPL move above 644 once this reaction is complete.

1 comment:

TeslaSignals said...

the game has changed and we are now again above 1370 aiming up with good apple earning ..