Friday, October 14, 2011

Guesstimates on October 14, 2011

December S&P E-mini Futures: The market is headed for 1250. Today's day session range estimate is 1205-1223.

QQQ: Now headed for 59.00.

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

Euro-US Dollar: I think this market is headed for 1.3950 before it turns lower. The euro is likely to drop to 1.20 over the coming months.

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

December Crude: The market is now headed for 55-60. Resistance above the market is at 90.

GLD – December Gold: Gold bounced off of support at 1550 but should hold resistance which I now think stands at 1710. Next downside target is 1400.

SLV - December Silver: Silver is now headed for 25.00. Resistance above the market is at 33.75

Google: Downside target is 375.

Apple: Upside target is 435 was nearly reached. An extensive downtrend is underway. Support is at 345.


cn said...

Range 1,205.65 - 1,224.61

BRAVO !!!!

Timer said...

after 1250, where is the sp500 going ? and any estimated time frame ?