Tuesday, May 12, 2009

Guesstimates on May 12, 2009

June S&P  E-mini Futures: I think this market is about to rally close to the 952 resistance level. I expect today’s day session range to be 908-928.

QQQ: Support is still at 34.00. Next upside target is 39.90.   

June Bonds: A bear market is underway in the bonds. Next downside target is 115.  

June 10 Year Notes: I think a bear market in the notes is underway. Next downside target is 118.

Euro-US Dollar: The euro is headed up to 140.00.  

Dollar-Yen: Then yen is headed for the 104.00 level.  Support stands at 95.55.  

June Crude: Crude has reached resistance in the 58-59 range. A drop to support near 55.00 would be normal. I think the market has a good shot at 64.00.

GLD – June Gold: I think the market is headed below 700. Resistance above the market is now at 945.

SLV - July Silver: Silver is headed for 750. Resistance is at 1450.

Google: Support is at 360. Next upside target is 450. 

5 comments:

Unknown said...

carl,

there is no data on your site for today??

Fermin said...

No guessimates today?

Thank you very mucho for your great work Carl.
Best Regards,

Fermín.

surfcat said...

G'Morning Carl!

What are you thinking today?

tia

Unknown said...

Hey Carl - your guesstimates are not appearing correctly.

Win said...

Hope all is well, Carl. I turn to you each morning, and you're there like the sun. Wishing you good health.