Tuesday, January 28, 2014

Guesstimates on Jnaury 28, 2014



March S&P E-mini Futures: Today’s range estimate is 1774-1792.  The ES now is on its way to 1720.
QQQ:  Downside target is 82.00.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: Unless and until 1.37 is breached on a closing basis I will stick with the 1.33 downside target.
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 at 1150 has been reached. Some sort of stall is likely here and support now is at 1060.
Apple:  AAPL is headed for 600-610. So far AAPL has not participated in the January drop in the market averages and this is a bullish sign.

1 comment:

Marc di Pietro said...

Carl:

Thank-you for your daily messages.

Your sense about APPLE is quite long term?

Regards