Monday, April 04, 2011

Guesstimates on April 4, 2011

June S&P E-mini Futures: Today's range estimate is 1327-37. The market is headed for 1400 and above.

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: I think the euro will move up to 145.00.

Dollar-Yen: This is a strong resistance zone in the yen. I think the drop to 70.00 will soon resume.

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

GLD – June 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.


George Rahal said...

Carl, here is a chart of SPX with a Fib line starting at the March low of 2009 to the April 2010 high. The 1.618 extension is 1560. Perhaps you will find this meaningful.

For the entire blog post that includes a similar analysis for MID and NDX, see:

Nav said...

Day Was Tough But We Got Five Very Useful Updates In The Seminar Which Saved Us. Market As Usual Remained Predictable To Our Carl!
Thank You,Sir!