Monday, July 21, 2014

Guesstimates on

September S&P E-mini Futures: Today’s range estimate is 1965-78. I think support at 1939 has held and that the ES is in the early stages of a move to 2000 and 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 took a peek Friday below the low of its 1.35-1.37 trading range but then rallied right back into the range. I am looking for an upside breakout from this range but if the Euro starts to spend time below 1.35 I think the market will then continue down to 1.33.
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.

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