Tuesday, February 18, 2014

Guesstimates on February 18, 2014

March S&P E-mini Futures: Today’s range estimate is 1830-42.  The ES is headed above 1846, probably to 1900 or higher
QQQ:  Upside target is 91.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: The Euro has been strengthening during the past two weeks. A New York close above 1.37 would signal the start of a move to 1.43.
Dollar-Yen: The dollar-yen is headed for 107.00.
April Crude:  I think crude is headed back to 86 and possibly lower than that.
April Gold:  The market has breached 1290 resistance decisively and is now headed above 1400.
March Silver: Silver has moved above its 21.30 resistance level and a move as high as 26.00 is underway.
Google:  Support is at 1060. Next upside target is 1250.
Apple:  The uptrend in AAPL from its 385 low last April is still intact. Support is at 485, just above the 200 day moving average. My best guess is that AAPL is headed for 600 and higher.  

1 comment:

pursuitist said...

when the prince of the darkness (Soros) doubles down short on the SPX, Wait a little while, and then go short.