June S&P E-mini Futures: Yesterday the ES put in its second
bullish day above the old support level at 1846. I think this means that the
drop from 1880.50 ended at 1823.50 and that the market is now headed above
1900.
QQQ: Upside target is now
94.
TNX (ten year note yield): I think the market will move to 3.50%
over the next few months.
Euro-US Dollar: The Euro is headed up to 1.43.
Dollar-Yen: The dollar-yen is headed for 107.00.
May Crude: I
now think the rally above the 102-03 level was just the last gasp upward prior
to a more substantial decline. Downside target is 92 but I think that may well
be only the first stopping point in a bigger decline.
April Gold: The
market is headed above 1400.
May Silver: A move as high as 26.00 is underway.
Google: The market averages
have turned up so Google will probably hi the 1250 target soon.
Apple: A
drop below its 200 day moving average, currently at 492, would be very bearish.
In the mean time I still think a rally to 600 or above is more likely than not.
1 comment:
Carl, time to flip gold forecast again? 66$ down draft so far in the price of gold, bigger than any correction size since january.
Oil, and silver, and dollar spike seem to add to the bear camp.
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