Friday, August 31, 2012

Guesstimates on August 31, 2012



September S&P E-mini Futures: Today's range estimate is 1405-1416.  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 10 year yield has started to rally. If this rally has legs it could easily push the 10 year yield to 2.50% or even higher. The bond market is anticipating a revival of economic activity in the US.
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.

Thursday, August 30, 2012

Guesstimates on August 30, 2012



September S&P E-mini Futures: Today's range estimate is 1400-1407.  Over the next month or two the market should move above 1450. A drop below 1400 would probably mean continuation down to 1387 before the up move resumes.
QQQ:  A move to 76 is underway.
TNX (ten year note yield):  The 10 year yield has started to rally. If this rally has legs it could easily push the 10 year yield to 2.50% or even higher. The bond market is anticipating a revival of economic activity in the US.
Euro-US Dollar: Resistance above the market is at 1.2600. The market looks like it is on its way 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 - September 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 630.

Wednesday, August 29, 2012

Guesstimates on August 29, 2012



September S&P E-mini Futures: Today's range estimate is 1405-1415.  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 10 year yield has started to rally. If this rally has legs it could easily push the 10 year yield to 2.50% or even higher. The bond market is anticipating a revival of economic activity in the US.
Euro-US Dollar: Resistance above the market is at 1.2600. The market looks like it is on its way 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 - September 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 630.

Tuesday, August 28, 2012

Guesstimates on August 28, 2012


September S&P E-mini Futures: Today's range estimate is 1404-1414.  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 10 year yield has started to rally. If this rally has legs it could easily push the 10 year yield to 2.50% or even higher. The bond market is anticipating a revival of economic activity in the US.
Euro-US Dollar: Resistance above the market is at 1.2600. The market looks like it is on its way 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 - September 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 630.

Monday, August 27, 2012

Guesstimates on August 27, 2012


September S&P E-mini Futures: Today's range estimate is 1410-1422.  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 10 year yield has started to rally. If this rally has legs it could easily push the 10 year yield to 2.50% or even higher. The bond market is anticipating a revival of economic activity in the US.
Euro-US Dollar: Resistance above the market is at 1.2600. The market looks like it is on its way 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 - September 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 630.