Wednesday, November 30, 2011

Guesstimates on November 30, 2011

December S&P E-mini Futures: Today's day session range estimate is 1218-1243. The market rallied well above 1208-1218 resistance on news of central bank efforts to ease credit conditions. If the ES closes above 1209 on Friday I will have to move back to the bullish side of the market.

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.


jim said...

Why friday? Why not make the call now? With respect.

Anonymous said...

Jim - Carl wants to see a higher weekly close on the S&P before he turns back bullish