Thursday, September 06, 2012

Guesstimates on September 6, 2012

September S&P E-mini Futures: Today's range estimate is 1406-1417.  Over the next month or two the market should move above 1450.
QQQ:  A move to 76 is underway.
TNX (ten year note yield):  The bond market is anticipating a revival of economic activity in the US. The 10 year yield  could easily push  to 2.50% or even higher.
Euro-US Dollar: Resistance above the market at 1.2600 has been reached. The next development should be a drop to 1.1900.
Dollar-Yen: This market is headed for 75 and lower.
October Crude: The market should stop near 96.  I think the next development will be a resumption of the bear market in crude. Next downside target is 66.
GLD – December Gold:   The market dropped a few weeks ago to the vicinity of the September and December low points at 1544 and 1529 and has started to rally. I think a sustained up move is underway.  
SLV - December Silver: A sustained move up is underway.
Google: Google held support near 562 and now is headed up to 750.
Apple: AAPL  is headed to 690-700.  Support stands at 645.

1 comment:

Nav said...

1437.-<next tgt in 24 hours
1411.<<open mkt SUPPORT .
Thank You ! You kept saying 1450++ o come to stop wrong shorts.
Great analysis.