Tuesday, October 25, 2011

Guesstimates on October 25, 2011

December S&P E-mini Futures: The market has reached the 1240-50 target zone. The next big move will be downward. Today's day session range estimate is 1236-1254.

QQQ: Next big move from here will be downward.

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: Resistance above the market is at 1.3950. 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 about to start. Support is at 345.


modernarms said...

GM Carl,
with the recent solid breakout above $90 +/- resistance on oil, why the projection for $60 and what time frame are you looking at? thx

SS76 said...

Carl, do you respond to our questions? Just wondering so i don't waste my time, lol.

Looks like your 1236 lower limit was breached, how low do you see ES going?

janet said...

Carl, kudos on your previous call of 1240-1250, it was spot on. With your expertise and talent, it would be stupid for you not to do what you do. I don't trade futures as you do and I'm slightly down on the year. A question on gold , it was up big today and I'm thinking of buying DGP, if it breaks above the 1710 resistance would it be a buy?? TIA

monkeypicks said...

Carl you are so confusing you talk about GLD but it is nowhere near 1710. It is 165.59 were it closed.