June S&P E-mini Futures: Today's day session range estimate is 1575-87.
I still think that a break of 10% and possibly more is likely before the ES can
climb above the 1546-87 resistance zone by any significant amount.
QQQ: 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 has spent several days trading
above its 20 day moving average and it looks like a swing to 1.40 has begun.
Dollar-Yen: I think this bull market has much further
to go. However the market is likely to stall for a few weeks beneath resistance
at 100-101.
May Crude: As
long as crude does not spend much time above 100 I will stick with my view that
it is headed below 70.
June 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 390. Meantime resistance
above the market is at 480.
1 comment:
CNBS headlines like the following can make some traders to lose their focus on the current move in the market:
"Goldman Plays Nostradamus, Sees S&P Surging By End of 2015".
Traders need to keep the focus on the current moves.
Carl, repetitious your statement, "I still think that a break of 10% and possibly more is likely before the ES can climb above the 1546-87 resistance zone by any significant amount." has been up there on your blog for quite a while. In the meantime, the market has made a significant move up.
Similarly, I have noticed that you make utterly bullish statements when the market is going in a downward direction.
Carl, it appears that you try to be ahead of the market, but really, if a trader were to follow your longer-term prophecies for trading, the trader will be bankrupt long before your prophecy comes true, like the prophecy by Goldman Sachs about the market being up by 20% by the end of 2015.
Post a Comment