Monday, April 28, 2008

Guesstimates on April 28, 8:00 am ET

Spiders - June S&P E-mini Futures: My e-mini stop is still at 1358, below the ½ retracement for the rally from 1325. Support is at 1365. I think this market will soon hit 1410 and will probably continue up to 1430 over the next week.

QQQ: The Q’s reached the 47.50 level last week and I think the market will soon reach the 50-51 zone.

TLT - June Bonds: I think the bonds are on the way down to 112. I think TLT will drop to 88.

June 10 Year Notes: I think the notes are on the way down to 112.

Euro-US Dollar: It looks like the euro is about to step up into the 161-162 zone, but I also think that the market is at strong, long term resistance and that the next big move will be downward to 140.

Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.

XLE - OIH - USO – June Crude: The 119.00 level is strong resistance and I think a drop to 106.00 or so is imminent.

GLD - June Gold: The market should be headed for the 750-80 range. Resistance is still at 940.

SLV - May Silver: It looks like the silver is headed for 1550 or so.

Google: Google now has support at 510. I think a big move upward is underway. Next short term upside target is 590.

1 comment:

Anonymous said...

Hi Carl

Do you really think euro can rally as high as 1.62