Friday, July 18, 2014

Guesstimates on July 18, 2014

September S&P E-mini Futures: Today’s range estimate is 1948-62. I think support at 1939 has held and that the ES is in the early stages of a move to 2000 or higher.  
QQQ:  Upside target is 95.00 has been reached and breached. Support is now at 94.00 and I think the Q’s have a good shot at 99.00.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: The euro is still locked in a 1.35-1.37 trading range. I think any drop below the low of this range will be brief and the next big development will probably be an upside breakout.
Dollar-Yen: The dollar-yen is headed for 107.00.
August Crude:  Crude has dropped decisively below 102 support and is now headed for 90.
August Gold:  I think gold is headed for 1395. Support is at 1285.
September 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.

No comments: