Monday, March 03, 2014

Guesstimates on March 3, 2014



March S&P E-mini Futures: Today’s range estimate is 1836-52.  A drop visibly below 1835.75 would be very bearish and mean that the ES is headed for 1811 and maybe lower.
QQQ:  Upside target is 91.
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.
April Crude:  I think crude is headed back to 86 and possibly lower than that. I expect resistance at 102-103 to hold but if it fails then crude will probably head up to 111 or so.
April Gold:  The market has breached 1290 resistance decisively and is now headed above 1400.
March Silver: Silver has moved above its 21.30 resistance level and a move as high as 26.00 is underway.
Google:  Support is at 1060. Next upside target is 1250.
Apple:  The uptrend in AAPL from its 385 low last April is still intact. My best guess is that AAPL is headed for 600 and higher.  

2 comments:

dcatlowpj said...

Carl, when should we go long again?

Unknown said...

Carl: Do you summarize your daily P&L somewhere on a daily basis?
If you are not, would you consider tweeting a message on twitter at the end of the day summarizing your P&L. It will go a long way to show how your trades work out in general at a quick glance. I know you tweet your trades 5/10mins delayed on twitter. But there are too many messages to really find out how profitable they were at the end of the day. THanks.