Wednesday, July 30, 2014

Guesstimates on July 30, 2014

September S&P E-mini Futures: Today’s range estimate is 1962-74. A break below yesterday’s low would be very bearish but meanwhile I still think that the ES is in the early stages of a move to 2000 and higher.  
QQQ: 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 has definitely broken the low of the 1.35-1.37 trading range and is now headed for 1.33 or lower.
Dollar-Yen: The dollar-yen is headed for 107.00.
September 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 is 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: