Thursday, August 25, 2011

Guesstimates on August 25, 2011

September S&P E-mini Futures: Today's day session range estimate is 1169-1192. I think the ES is now headed into the 1220-1240 range.

QQQ: Support is 50.00 and upside target is now 58.

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 near its historical low but will soon start a move to 4.50%.

Euro-US Dollar: I think this market is now headed for 1.5300. Support remains at 142.00.

Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.

September Crude: Crude has dropped as low as 75. Resistance above the market is now at 92 and the next step down should take it to 70. I think this is a bear market in crude which is likely to continue down into the 50-60 range.

GLD – December Gold: Gold never made it to the1960 target and now is in the midst of a reaction within an ongoing bull market . Downside target is 1575. Resistance above the marke is at 1820.

SLV - September Silver: Support in silver is at 35.00. From there a move to 50.00 and higher should begin.

Google: I think much bigger drop than I expected is underway. Downside target is 375.

Apple: Upside target is 435. Support is at 345.

1 comment:

David said...

Hi Carl, your range has completed. already.
Did you have a forecast for tomorrow, we can apply now ?