Wednesday, June 27, 2007

Guesstimates on June 27, 8:50 am ET

Spiders - September S&P Futures: I am now expecting a low in the S&Ps’ near 1490 and in the Spiders near 147.50. Next upside targets are 1570 for the S&P’s and 155.50 for the Spiders.

QQQQ: I think the Q’s will establish a low near 46.60 and then begin a rally to 48.70. have begun a move up to 48.70.

TLT - September Bonds: The market is headed for 107-20 and eventually higher than that. Support is at 105-18. I think the bond market has made an important low and is in the early stages of a multi-week rally of at least 5 points. TLT should hold support near 82.80 and then move to 86.50.

September 10 Year Notes: The notes are headed for 105-18. I think the market has established an important low and will rally several weeks there and at least 3 or 4 points.

Euro-US Dollar: Resistance today is still at 134.50. Next downside target is 131.30. I think that the market will eventually drop to 125 or lower.

Dollar-Yen: Next upside target for the yen is 125.50. Support is at 122.30. I expect to see the yen trade at 130 later this year.

XLE - OIH - USO – August Crude: I still think this sector is making an important top. Resistance in XLE is now at 71 and in OIH is at 177. The next significant move in both will be downward. USO should drop to 45 or lower after bouncing off of 51.40 resistance. August crude should bounce off of resistance at 70.00 and then head down to 55.00 and eventually lower than that.

GLD - August Gold: I think GLD has started downward and will drop below 60 on its way to much lower levels. August gold should hold resistance at 696 and drop below 600.

SLV - July Silver
: SLV is on its way below 120. July silver is headed below the 1200 level.

: I think Google is headed for 564. Support now is at 512. Next upside target is 552.


Anonymous said...


Do you follow the CAD/USD? What do you think the CAD is going to do?

Thank you.


LowTax said...

I get a kick out of these anonymous guys (and 'Gary') who don't seem to have anything better to do during their day than post their opinions on Carl's methods. I expect more from 'Gary' since he seems to be a very good trader (based on his blog) but his persistant posts are starting to come across as juvenile. Then there's the anonymous guy who says Carl's methods are random (implying 50/50 odds) but who then turns around and claims that he uses Carl's posts as a contrary indicator with 65% accuracy. Miss a few days of math back in school anon? What a bunch of rubes!

Anonymous said...

lowtax... did you not consider that more than 1 person posts under anonymous... before you made your moronic comment?

getting back to this blog, I've come to the conclusion that if you can't make a "prediction" and stick with it for at least 2-3 days without changing it.. what is the point?

Here is my prediction and you can take it to the bank, at 2.16 EST tomorrow the market will tank big time

Anonymous said...

Lowtax, I agree. The idiots who complain have no freaken clue. I bet they are losers big time. Carl is the best. There was a study done few weeks ago that ranked Carl one of the top blogs for timely market calls.

Anonymous said...

whow to be part of a study that entails Bloggers that in themselves are looked upon as contraty indicators, what an honour.

Anonymous said...

lowtax ... the only rubes here is you. Get a life.