Thursday, February 20, 2014

Guesstimates on February 20, 2014

March S&P E-mini Futures: Today’s range estimate is again 1818-1832.  I think the overnight low at 1817.25 will hold and expect a swing up to 1846.50 to develop. If 1817.25 is taken out the ES will probably drop to 1802.
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 closed above 1.37 and also above its last two highs on the daily bar chart. This means that a swing up to 1.43 is underway.
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. My best guess is that AAPL is headed for 600 and higher.  

No comments: