Friday, November 29, 2013

Guesstimates on November 29, 2013

December S&P E-mini Futures: Today’s range estimate is 1804-1810. The ES is headed to 1900.
QQQ:  Support is at 80. Upside target is now 88.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: I think the Euro has established itself above 1.3580 and this means that the market is now headed for 1.40-1.42.
Dollar-Yen: The dollar-yen is headed for 107.00.
January Crude:  I think crude is headed back to 86 and possibly lower than that.
December Gold:  The market is headed to 1030.
December Silver: The market is now headed for 13.00.
Google:  Upside target is now 1150 and support beneath the market stands at 970.
Apple:  Upside target is 565 but a close below 510 would mean that AAPL is headed back to 400 or lower.

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