Thursday, January 23, 2014

Guesstimates on January 23, 2014

March S&P E-mini Futures: Today’s range estimate is 1828-38. A move to 1900 is underway.
QQQ:  Upside target is now 90.00.
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 at 1150 has been reached. Some sort of stall is likely here and support now is at 1060.
Apple:  AAPL is headed for 600-610.

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