Tuesday, July 30, 2013

Guesstimates on July 30, 2013

September S&P E-mini Futures: Today’s range estimate is 1682-95.  It looks like Friday’s 1670.50 low ended the drop from 1695.50. Next upside target is 1720. The ES is headed to my long standing target of 1775 and possibly higher over the coming months.
QQQ:  Upside target is 79.
TNX (ten year note yield): The upside yield target for the 10 year is 2.85 % but I think the market will move past this level to 3.50% over the next few months.
Euro-US Dollar: It looks like a move up to 1.400 is underway.
Dollar-Yen: The dollar-yen is headed for 107.00.
September Crude:  Crude is stalling at 108 resistance.  
December Gold:  I think a rally of $200-300 is underway.    
September Silver: The 18.00 level is support and a rally to 24.00 or so is underway.
Google: Support is at 800 and I think the next step up will carry GOOG to 975.
Apple:  Next downside target is 350. Resistance is at 460.

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