Thursday, March 13, 2014

Guesstimates on March 13, 2014

March S&P E-mini Futures: Today’s range estimate is 1868-82.  I still think the ES is headed for 1900 and higher. But if the market starts spending time below 1853 the rhythm of the up move from the February 5 low of 1732 will be broken and a much bigger drop will be underway.
QQQ:  Upside target is 96.
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:  Crude took a peek above 102-03 resistance but then moved sharply lower. Support is at 100 and if the market starts spending time below there I will conclude that the spurt above 103 was the last gasp of the rally from 91.
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:  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.  

1 comment:

lilimarlene1 said...


"below 1553 the rhythm "

or did you mean