Guesstimates on March 5, 2014

March S&P E-mini Futures: Today’s range estimate is 1867-79.  I think the ES is headed for 1900 and higher

QQQ:  Upside target is now 96.

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:  Crude has moved above 102-03 resistance so I now think it is headed for 111.

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:  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.  

Guesstimates on March 4, 2014

March S&P E-mini Futures: Today’s range estimate is 1857-72.  Political news sent the market back up overnight and I still think it is headed for 1900 and higher

QQQ:  Upside target is now 96.

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:  Crude moved above 102-03 resistance yesterday so I now think it is headed for 111.

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:  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.  

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.  

Swing Trading