Thursday, June 19, 2014

Guesstimates on June 19, 2014

September S&P E-mini Futures: Today’s range estimate is 1944-56. The market is approaching the 1963 target. I expect to see several reactions of 10-20 points or so as it attempts to climb past it.  
QQQ:  Upside target is 95.00.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: The euro has definitely broken 1.3670 support and the downside target is 1.3450.
Dollar-Yen: The dollar-yen is headed for 107.00.
August Crude:  My upside target is 112.
August Gold:  Resistance above the market is at 1320.Downside target is 1210.
July Silver: Resistance above the market is at 20.25. Silver is headed for 13.00.
Google:  Googl has moved above the two important resistance levels I have been watching at 538 and 555 so I conclude that it is now headed for 620 and higher.
Apple:  Apple’s stock split makes its historical high 100.70. AAPL had moved past all resistance which I can calculate below that top. It is well above rising 50 and 200 day moving averages. I now think AAPL is headed above 100, probably to 103 or so.


Kelly Blaine said...

Its over Carl......the largest most exaggerated move in the past 100 years is over. I suspect and anticipate this top to be a generational top, the bubbles across a wide base/variety of assets is simply startling, notwithstanding the looting of and destruction of the middle class society.

cn said...

New upside target on silver ?