June S&P E-mini Futures: Today's range estimate is 1198 - 1210. I still think that the 1180 low ended the correction and that a swing to 1270 is now underway.
QQQ: A move up to 54.00 has begun.
TYX (thirty year bond yield): I think this market is headed for 5.40%.
TNX (ten year note yield): I think that the market has begun a swing up to 4.50%.
Euro-US Dollar: Support is near 131.00. Resistance above the market is at 141.00. Looking further ahead I think that a drop to 125 is likely over the coming months.
Dollar-Yen: A rally to 100.00 is underway. Support is at 90.00.
June Crude: I still think the next big move will take crude oil to 50.00.
GLD – June Gold: The longer term trend has turned downward. I expect gold to drop to 875 over the next few months.
SLV - May Silver: I think silver has started a down move that will carry it to 10.00 over the next few months. Resistance is now 18.30.
Google: A move that should take GOOG above 700 is underway. 540 is now support.
4 comments:
"June Crude: I still think the next big move will take crude oil to 50.00."
Crude is tracking almost in lock step with the SP500. It's fundametals have been left by the wayside.
carl - would you update us on your short idea with Apple?
you were spot-on with your NYX call months ago.
Carl, Do you still expect a large turn down for gold?
You've been calling this down move in GLD and SLV all year. Why so bearish? You seem to have missed this one completely.
Post a Comment