Tuesday, August 12, 2014

Guesstimates on August 12, 2014

September S&P E-mini Futures: Today’s range estimate is 1922-1938. Any strength above 1945 would push me into the bullish column. In the meantime I am sticking with my view that the ES is headed for 1850. This would put it right on its 200 day moving average.
QQQ: Downside target is 90.00.
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 headed for 1.33 or lower.
Dollar-Yen: The dollar-yen is headed for 107.00.
October Crude:  Crude has dropped decisively below 102 support and is now headed for 90.
December Gold:  Gold is hovering at 1285 support but I think this support will fail and then then gold will head below 1100.
September Silver: Silver is headed down once more. My bear market target remains 13.00.
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. I think AAPL is headed above 100, probably to 108 or so.

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