Tuesday, September 20, 2011

Guesstimates on September 20, 2011

December S&P E-mini Futures: Today's day session range estimate is 1198-1218. The ES is headed for 1230-40. From there the drop to 950 or so should resume.

QQQ: Now headed below 50.00.

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

Euro-US Dollar: I think a rally to 140.50 or so is in the cards before the drop to 1.2000 resumes.

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

November Crude: Resistance above the market is at 92 and the next step down should take it to 60. I think this is a bear market in crude which is likely to continue down into the 50-60 range.

GLD – December Gold: Gold s headed for 2060. Support is at 1740.

SLV - December Silver: A move to 50.00 and higher is underway.

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

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


Enky Nakamura said...

thanks for the range estimate,
bought 1197.5 sold 1203.75

mike said...

carl, it seems that apple and google trade in very similar way but yet you have very different outlook for each stock...curious as to your thoughts..