Wednesday, July 30, 2008

Guesstimates on July 30, 8:15 am ET

Spiders - September S&P E-mini Futures: I think the e-minis are now on the way to 1325. Support today is at 1248. I am long from 1240.50. 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: I think that the market 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. 

5 comments:

Anonymous said...

eurusd overshot my target at 1.5600 and i am looking to closeout my short at 1.5530 from 1.5925, Next trade will be a long one. 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,
NSDQ100 is stuck in a trading range and not supportive for SP500 moves. Bearish divergence?
Mario

Anonymous said...

i did not bet against carl, but i still need to send him a bottle of warre's port.

support this site through the paypal link, if you find value here.

thanks carl, i will continue to read your archives to try to learn.

Solrac

Win said...
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Win said...
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