Friday, April 15, 2011

Guesstimates on April 15, 2011

June S&P E-mini Futures: Today's range estimate is 1306-1316. I think this correction will end in the vicinity of 1285.

QQQ: Upside target is 63.00.

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: The euro has reached 145.00 but I see no sign yet of a top. Support is now at 142.50. Next upside target is 149.00.

Dollar-Yen: I think the rally in the dollar-yen is over. The market is now headed down to 70.00.

May Crude: The 112 target has been reached. I expect a lot of hesitation here if not a significant reversal. In the meantime support is at 104.

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

SLV - May Silver: Continuation up to 44.00 is likely.

Google: The 560 level is support. A move that should take GOOG above 700 is underway.

Apple: Next upside target is 410. Support is at 310.


World of Finance said...

Goog has broken the support and is in the range of $545.
Do you still see it at $ 700 & if so when?

Laurence said...

Google $15 below support!

David Johnson said...

VIX:VXV ratio is under .90. Can this be seen as a confirmation of your 1285 correction estimate?

Unknown said...

just found this blog while researching 3 peaks and domed house. good stuff! any update on the count since that march 1 posting?