Friday, November 25, 2011

Guesstimates on November 25, 2011

December S&P E-mini Futures: Today's day session range estimate is 1148-1160. The weekly bar trend is downward. The minimum downside target is 1130. There is a good chance that the October 4 low will be broken also.

QQQ: Now headed for 50.

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 has started a move to 4.50%.

Euro-US Dollar: 1.3050 is now the downside target. After a rally from that level the Euro will probably continue downward to 1.2200.

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

January Crude: An extended upswing is underway. It will probably take crude to 114 or so.

GLD – December Gold: I think gold is headed for 2100. Short term support is at 1675.

SLV - December Silver: I think silver is headed for 50.00.

Google: Google is now headed for its 2007 top near 750.

Apple: Upside target is now 475.


Ivan said...

CRASH! (today/Monday) ...SP500 to 1100 and maybe even more...

Laurence said...

Carl, you clearly indicate that bear trend is continuing and yet you still such high targets for Apple and Google. Why?