Monday, March 04, 2013

Guesstimates on March 4, 2013

March S&P E-mini Futures: Today's day session range estimate is 1512-1526. It is likely that the ES will rally to 1546 during the next few weeks.
QQQ:  The Q's are now headed for 73.
TNX (ten year note yield): Bond yields are going much higher as the market begins to anticipate stronger economic growth. The first upside yield target for the 10 year is 2.50%.
Euro-US Dollar: The euro is headed for 1.2700. Longer term upside target remains 1.40. Dollar-Yen: I think this bull market has further to go, first to 96 and then probably to 100-01.
April Crude:  As long as crude does not spend much time above 100 I will stick with my view that it is headed below 70.
April Gold:  Support is in the 1530-50 zone lows of this trading range
May Silver: Support is at 26.00.
Google: Now headed for 950.
Apple:  Longer term downside target is 350 and near term support is 435. Meantime resistance above the market is at 525.

No comments: