Thursday, December 26, 2013

Guesstimates on December 26, 2013

March S&P E-mini Futures: Today’s range estimate is 1829-1836. A reaction of 12-25 points is imminent. 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 closed above the 565 resistance level Tuesday and is now probably headed for 600-610.

1 comment:

lexus300rb said...

Hi Carl,
I've been waiting for the TPDH to play out but apparently Uncle Ben has wiped out that theory. Are there any other doomed theories that could play out for this overbought bull market?