Monday, June 14, 2010

Guesstimates on June 14, 2010

September S&P E-mini Futures: Today's range estimate is 1080-1102 for the September contract. The 1036.75 low on May 25 ended the drop from 1216. I expect to see the 1300 level by the end of the year.

QQQ: A move up to 54.00 will be the next big swing.

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: The market is scraping bottom. Downside should be limited to 118.00 and then an extended move into the 135-40 zone should begin.

Dollar-Yen: A rally to 100.00 is underway. Support is at 90.00.

July Crude: I still think crude oil is headed for 50.00.

GLD – August Gold: The odds are that the market will continue upward to 1320. I still expect to see 875 before 1400. Support stands in the 1160-70 range.

SLV - July Silver: I think silver will rally to 21.50 and then begin a move to 10.oo.

Google: The 450 level is support. A move that should take GOOG above 700 will begin soon.

Apple: Should reach 350 (at least) before the bull market ends. Support is at 240.


raven said...

Carl is right here for today. IMO but we are in yet another Fib cross hairs and this could be it for the year. As I called the April 23rd fib Venus Uranus Square that blew the bulls out of the water. Today this afternoon we have the venus uranus trine which 70% point to tops.
Now all of the recent moves up have been on pathetic low volume(Something that the Bulls never talk about) And the move lows have been on huge volume should account for something. Lower Highs on low volume and Higher lows on High Volume USUALLY says that we are in something other then a Bull market.
In fact these are CRASH Signatures.


Enky Nakamura said...

If i am not wrong, carl said in the past to never compare volume of up swings with the volume of down swings.

Nav said...

If we just take Carl's every word seriously, then why would there be any problem!
Very Successful day from last night;
all night awake so would take rest now.
Can't go without thanking my most respected teacher Dr.carl futia.

Stay safe For Us too,Sir!

extrader said...

Consider going short here at 1099-1101. I am thinking the market may go down to close this mornings gap between 1088-1090.


Dave Narby said...

I'm still waiting for Carl to give some analysis (hell, any analysis) for his predictions on gold and silver.

The only thing that could bring them down to those levels is if interest rates get hiked to the moon, and that's not very bloody likely!