Friday, April 29, 2011

Guesstimates on April 29, 2011

June S&P E-mini Futures: Today's range estimate is 1353-63. The ES is headed for 1400 and above. (Added later - the 1345-55 range estimate which was initially posted was an error - it was yesterday's, not today's range estimate)

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: Support is now at 146.20. Next upside target is 149.30.

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

June Crude: Next step up will carry crude to 118. Support is at 106.

GLD – June Gold: Support is at 1485 and the next upside target is 1560.

SLV - July Silver: Resistance is at 49.50. Support at 44.00.

Google: GOOG is headed for support at 495 from which point the move to 700 and above will resume.

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

1 comment:

dcatlowpj said...

Carl, your 1355 looks like it has already been exceeded pre-market...did you mean to post a higher upper range number?