Monday, July 18, 2011

Guesstimates on July 18, 2011

September S&P E-mini Futures: Today's day session range estimate is 1295-1310. I think a move to 1400 is imminent.

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 drop below the June 15 low still looks like a shakeout. I think this market is now headed for 1.5300.

Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 82.45.

August Crude: A rally to 103-104 likely.

GLD – August Gold: Upside target is 1630. Support is at 1485.

SLV - September Silver: This market is headed for resistance at 41.00. Any strength above 43.00 would mean that the move will continue above 50.00.

Google: I think a move to 700 and above has begun.

Apple: APPL has reached support at 318 and now should begin a move to 430.


Unknown said...

16 July Sconomist Magazine cover: Contrary indicator in the Euro?

Ivan said...

Carl, I would say: move to bellow 1250 is imminent...

chartblog said...

the bullish venus trine uranus cycle is only 10 trading days away

this cycle typically creates a 2 week rally

World of Finance said...

hay Carl, do you think Apple will sell off after the report?

Win said...

Birinyi says SP is going to 2000.