Tuesday, July 15, 2014

Guesstimates on July 15, 2014



September S&P E-mini Futures: Today’s range estimate is 1970-81. My upside target for the swing up from 1945 is 1987.
QQQ:  Upside target is 95.00 has been reached and breached. Support is now at 94.00 and I think the Q’s have a good shot at 99.00.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: The euro is still locked in a 1.35-1.37 trading range. I think any drop below the low of this range will be brief and the next big development will probably be an upside breakout.
Dollar-Yen: The dollar-yen is headed for 107.00.
August Crude:  Crude has dropped decisively below 102 support and is now headed for 90.
August Gold:  I think gold is headed for 1395.
September Silver: Resistance above the market at 20.25 has been broken. Silver is headed for 22.25.
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 108 or so.

1 comment:

Graph1159 said...

Hi Carl,
I was looking at the QQQ chart and I think I saw a minor Three Peaks Domed House.

Three Peaks: Dec. 31 - Mar. 7
Points 10, 14: Apr. 15, May 7
Points 15-20: June 6 - June 24

Perhaps yesterday was point 23!

What do you think about this?
Samuel