Wednesday, May 27, 2009

Guesstimates on May 27, 2009

June S&P  E-mini Futures: I think today’s range will be 900-920. A rally into the 950-80 zone is underway.

QQQ: The 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 115.

Euro-US Dollar: The euro has reached the 140.00 target but as yet there is no sign of a top. Support is at 135.50 and I think the market will continue upward to 144.00.  

Dollar-Yen: The yen will probably drop to 91.50 and then begin a move up to 105.00.   

July Crude: Current upside target for crude is 64.00.  Support stands at 57.00.

GLD – June Gold: The market is headed for new highs near the 1050 level.

SLV - July Silver: Silver moved above 1450 resistance and is now headed higher to 1700.

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

No comments: