Tuesday, December 13, 2011

Guesstimates on December 13, 2011

March S&P E-mini Futures: Today's day session range estimate is 1231-1249. The trend is upward and a rally from the November 25 low at 1147.50 which matches the size of the October rally would bring the ES to 1370.

QQQ: Now headed for 63.

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: I suspect that the trend in the Euro is turning upward. A close above 1.3549, last week's high, would convince me of this. In the meantime I am thinking in terms of an upside target of 140.50.

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

SLV - March 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.


Afshaikh said...

You still have gold at 1675 , I'm confused.

Gold is at 1650 since yesterday. Do you have a revised target or are talking about a weekly close below 1675 ??

khalid said...


You must be pretty new to the blog...

Afshaikh said...

I'm not new, and your comment doesn't answer the question.

Right now gold is even lower, is the same message
"Short term gold support at 1675" going to posted again tomorrow ??

cantdrive55 said...

I think a rally to new highs in ANYTHING is off the tables for a while.