Monday, July 28, 2008

Guesstimates on July 28, 8:15 am ET

Spiders - September S&P E-mini Futures: Support is still at 1239 while resistance above the market is at 1265. I think the market is in the early stages of a rally which will carry it to 1500 over the next several months. 

QQQ: Support remains at 44.00. Resistance stands at 47.50.  During the next few months the market should rally to 55 or higher.    

TLT - September Bonds: The trend has turned downward once more and the bonds are headed for 109. Resistance above the market is at 116-00. 

September 10 Year Notes: The trend has turned downward and the notes are headed for 108. Resistance above the market is at 115-00. 

Euro-US Dollar: The trend has turned downward in the euro and I think the market is headed for 135. Resistance above the market is at 158.50. 

Dollar-Yen: A rally to 112.00 is now underway.  Support is at 105.00. 

XLE - OIH - USO – September Crude: Crude broke below 133 support so I think that it is now headed for 100. The 133 level is now resistance. 

GLD - August Gold: Gold is headed for 750.  Resistance above the market is at 960. 

SLV - September Silver: Silver broke support at 1750 Friday so I think the market is now headed for 1250.  

Google: The 460-80 range is good support and I expect the market to hold there and begin a move which will carry it over 750. 


Anonymous said...

i think the eurusd is headed for 1.5600 and then lower below 1.50. Crude oil is headed for 121 and 96 after, while 144 is strong resistance, in my opinion. I think gold has topped out and is headed down from 987 onward and heading for 697 USD. Good trading all !MC

Anonymous said...

Hi Carl,
Where are we now with the 3 peaks & Dome House?

Win said...

We broke through your 1339 support but held (barely) the Fibonacci level of 1334 (68% retrace of 1391-1300). What next? If you make a new 90 point box, then 1222.5 (or thereabouts) should be the next support, no? And then the previous low at 1200?

(I'm rounding to whole numbers because I'm calculating in my head.)