Wednesday, March 30, 2011

Guesstimates on March 30, 2011

June S&P E-mini Futures: Today's range estimate is 1316-1334. The market is now headed for 1400 and above.

QQQ: I expect to see new bull market highs soon.

TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.

TNX (ten year note yield): The 10 year yield is headed for 4.50%.

Euro-US Dollar: I think the euro will move up to 145.00.

Dollar-Yen: I think 83.50 is the upside potential and this target has nearly been reached. The drop to 70.00 should resume soon.

May Crude: Crude will continue upward to 112. Support is at 97.

GLD – April Gold: A move to new highs is underway. 1495 is the next upside target.

SLV - May Silver: Silver has reached the 36.00 upside target but there is still no sign of a top. Next stop is 39.50.

Google: The 540 level is support. A move that should take GOOG above 700 is underway.

Apple: Next upside target is 375. Support is at 310.


Edwin said...

Traders' reaction to upcoming earning reports will confirm my belief that a leg up to 1,409 is will be as spectacular as firework grand finale before QE2 money is totally spent.

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