Thursday, May 01, 2008

Guesstimates on May 1, 8:00 am ET

Spiders - June S&P E-mini Futures: I am raising my e-mini stop to 1368 because I think support is now at 1375. I also think a move up to 1430 is imminent.

QQQ: I think the Q’s are about to move into 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: I still think the euro will move 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 - July 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.


Anonymous said...


You are unbelievably persistent! Must be a CANCER!

The market has failed I don;t know how many times to close abopve 1394 yet you keep sticking to an immminent rally to 1430. the market has a better chance of sinking a 100 points here. You could've covered y'day nicely above 1400

LowTax said...

Carl is almost as persistent as the US economy. Pit Bulls that just won't let go!