Tuesday, April 05, 2011

Guesstimates on April 5, 2011

June S&P E-mini Futures: Today's range estimate is 1319-28. 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: 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.


hayfield said...

Would you give us an update as to where we are with the 'three peaks' scenario? TY

Moby Pixel said...

I'm guessing GOOG's drop is due to unrest in "restructuring". It would be nice if the techs would join in this rally.