Wednesday, August 27, 2014

Guesstimates on August 27, 2014

September S&P E-mini Futures: Today’s range estimate is 1995-2002. I think this market is headed for 2080.
QQQ: Upside target is 103.00.  
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: Support is at 131.25.
Dollar-Yen: The dollar-yen is headed for 107.00.
October Crude:  Crude is 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.
December Silver: Silver is headed down once more. My bear market target remains 13.00.
Google:  GOOGL is headed for 620 and higher.
Apple:  Apple is flirting with its historical high of 100.70. I think AAPL is headed for 108.

1 comment:

Bill said...

I think 2080 before a correction is a bit of a stretch. Now 2080 or even 2150 by year end is doable, but we'll get a 100 point correction before we see 2080.