Friday, August 22, 2014

Guesstimates on August 22, 2014

September S&P E-mini Futures: Today’s range estimate is 1978-90. I think this market is in the early stages of a move up to 2080.
QQQ: Upside target is 103.00.  
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 dropped below 1.33 and next support is at 131.25.
Dollar-Yen: The dollar-yen is headed for 107.00.
October Crude:  Crude is headed for 90.
December Gold:  Gold is hovering at 1285 support but I think this support will fail and then then gold will head below 1100.
September Silver: Silver is headed down once more. My bear market target remains 13.00.
Google:  GOOGL is headed for 620 and higher.
Apple:  Apple is flirting with its historical high of 100.70. I think AAPL is headed for 108.

1 comment:

Adsense said...

Hi Carl
I read your comments from time to time and i find your honest approach good. i looked at your comments on the stoxx index and ill start to watch it more closely .
that said . i am more bullish than i have ever been from a longer term view yet right now i am a bit concerned with what i am seeing.
My bias is this market is about to correct yet the degree of this correction i am not sold on at this juncture i can see the mid to high 15000's on the dow yet i am not sure we get below the 16333 low of august Monday tuesday should be a short term cycle high yet Sept 2 is another cycle high date .
In a perfect world which i know better than to call anything perfect . The dow should really just go sideways into early October before turning upwards with any kind of vengeance.
the 2 yr cycle low is due in mid Feb 2015 and from there we should see an acceleration upwards.
So a bullish bias and long on stocks and longer term positions yet looking to take a bearish stance from near present levels
early next week.
it is very hard to find a good solid bearish case yet timing says look out . i have to trust my timing models despite the weak technical case . good luck