Wednesday, June 25, 2014

Guesstimates on June 25, 2014

September S&P E-mini Futures: Today’s range estimate is 1930-43. Yesterday’s drop will probably continue down into the 1920-30 zone. As long as support in that zone holds I will be looking for a move to 1963 and higher.
QQQ:  Upside target is 95.00.
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 definitely broken 1.3670 support and the downside target is 1.3450.
Dollar-Yen: The dollar-yen is headed for 107.00.
August Crude:  My upside target is 112.
August Gold:  I now think gold is headed for 1395.
July Silver: Resistance above the market at 20.25 has been broken. Silver is headed for 22.25.
Google:  Googl has moved above the two important resistance levels I have been watching at 538 and 555 so I conclude that it is now headed for 620 and higher.
Apple:  Apple’s stock split makes its historical high 100.70. AAPL had moved past all resistance which I can calculate below that top. It is well above rising 50 and 200 day moving averages. I now think AAPL is headed above 100, probably to 108 or so.

1 comment:

hbcapital said...

Where are we now on the George Lindsay count?