Tuesday, December 24, 2013

Guesstimates on December 24, 2013

March S&P E-mini Futures: Today’s range estimate is 1821-1826. There is resistance in the 1825-30 range and a reaction of 12-25 points is likely from there. The ES is headed for 1900.
QQQ:  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.
February 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 headed for 13.00.
Google:  Upside target is 1150 and support beneath the market stands at 1030.
Apple:  AAPL has been stalling at the 565 resistance level. Should it be breached the next upside target will be 600.

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