Friday, December 13, 2013

Guesstimates on December 13, 2013

March S&P E-mini Futures: Today’s range estimate for the March 2014 contract is 1764-1776. A close below 1765 would be very bearish. Unless and until that happens I will be looking for new bull market highs ahead.
QQQ:  Support is at 80. Upside target is 88.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: As long as the Euro holds support at 1.3400 I will stick with my view that it is headed for 1.40-1.42.
Dollar-Yen: The dollar-yen is headed for 107.00.
January Crude:  I think crude is headed back to 86 and possibly lower than that.
February Gold:  The market is headed to 1030.
March Silver: The market is now headed for 13.00.
Google:  Upside target is now 1150 and support beneath the market stands at 970.
Apple:  AAPL has been stalling at the 565 resistance level. Should it be breached the next upside target will be 600.


janet said...

Did you mean 1775??

Carl Futia said...

no, I meant 1765 because I am now trading the March 2014 contract and 1765.50 was yesterday's low in that contract.

David Johnson said...

So would the corresponding number for SP500 be Thursday's low, 1,772.28?