Wednesday, June 19, 2013

Guesstimates on June 19, 2013

September S&P E-mini Futures: Today’s range estimate is 1642-1658.  This rally should end in a top below the May 22 top at 1680  and be followed by a drop to 1550 or so.
QQQ:  Downside target is 70.00.  
TNX (ten year note yield): Bond yields are going much higher as the market begins to anticipate stronger economic growth. The first upside yield target for the 10 year is 2.50%.
Euro-US Dollar: The market has resumed its move up to 1.4000.
Dollar-Yen: The dollar-yen should hold support at 94.50. The next upside target is 107.00.
August Crude:  As long as crude does not spend much time above 100 I will stick with my view that it is headed below 70.
August Gold:  I think gold is on its way to the next downside target at 1200-50. In any case there is strong resistance above the market in the 1520-30 breakout zone.  
July Silver: Initial downside target is 20.00 while resistance above the market is at 27.00.  
Google: Support is at 800 and I think the next step up will carry GOOG to 975.
Apple:  Next downside target is 350. Resistance is at 460.


mcverry said...

1550? after today you may be right.

janet said...

Could you please add visa to your highlighted line up, it seems to be an upcoming market mover. Thanks alot, Janet