Tuesday, September 16, 2014

Guesstimates on September 16, 2014

December S&P E-mini Futures: Today’s range estimate is again 1971-83. I still think this market is headed for 2080.
QQQ: Upside target is 103.00.  
TNX (ten year note yield): It looks like an extended up trend in yields has begun. The initial target is 3.00% but I think the 10 year yield will go significantly higher than that over the coming months.
Euro-US Dollar: The ECB quantitative easing program coupled with the Fed’s termination of its own program is likely to drop to Euro to 120.
Dollar-Yen: The dollar-yen has reached my 107.00 target. I think that the 107-108 zone will be strong resistance and expect the market to stall here for a while.
October Crude:  Crude nearly reached my 90 target. After a bounce to 93-94 I expect the market to move below 90.
December Gold:  Gold is headed below 1100.  
December Silver: My bear market target remains 13.00.
Google:  GOOGL is headed for 620 and higher.
Apple:  I think AAPL is headed for 108.

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