Friday, January 10, 2014

Guesstimates on January 10, 2014

March S&P E-mini Futures: Today’s range estimate is 1833-45. The ES is headed above 1846. Short term fluctuations aside the ES should reach 1900 over the next several weeks.
QQQ:  Upside target was 88 and has been reached but continuation up to 92 is likely.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: Unless and until 1.37 is breached on a closing basis I will stick with the 1.33 downside target.
Dollar-Yen: The dollar-yen is headed for 107.00.
February Crude:  I think crude is headed back to 86 and possibly lower than that.
February Gold:  The market is headed to 1030.
March Silver: The market is headed for 13.00.
Google:  Upside target is 1150 and support beneath the market stands at 1030.
Apple:  AAPL is now probably headed for 600-610.

1 comment:

Bill said...

Interesting Carl that you do not believe the market will sell off at some point during the day as a result of the employment report that knocked down the futures at 6:30 AM EST