Thursday, February 27, 2014

Guesstimates on February 27, 2014

March S&P E-mini Futures: Today’s range estimate is 1833-46.  I still think the ES is headed above 1900 over the next couple of months but a significant break of support at 1829 would mean that a drop of 50 point or more is underway.
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 is headed up 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. My best guess is that AAPL is headed for 600 and higher.  


Unknown said...

Read your articles on Truth about trading part 1 and Part 2. Very informative and I think your advice on about keeping context of the market while trading was like a bulb on moment for me. Thank you - Karthik

janet said...

Thank you Carl for the range alerts, I appreciate them. Janet