September S&P Futures: I think that the correction which began from the 1297.75 level on August 4 ended at 1262.50. The market is now headed for 1309. Support is at 1276.
September Bonds: The 108-04 level is support and I think the bonds have started to rally to 110.
September 10 Year Notes: Support is at 105-28 and a rally to 107-16 is underway.
Euro-US Dollar: The market has started a drop that will take it below 123.00 over the next few weeks. Resistance is now at128.20.
Dollar-Yen: I think the yen has held 114.30 support and is now on the way to 119.50. The yen should reach 130 over the next year.
September Crude: Downside target is 68.00 and resistance above the market is at 76.60.
December Gold: I now think that gold has begun an extended drop that will carry it below the 500 level.
September Silver: I think silver has begun an extended drop that will carry it below 900.
Google: Support is at 364 and I think GOOG will soon move above its all time high of 475.
1 comment:
Great call on the S&P, Carl. Not too many speculators have the nimbleness and foresight that you do. It's that gut feeling, isn't it? The ability to sense the direction of the market just when it's about to change.
Post a Comment