Thursday, September 18, 2014

Guesstimates on September 18, 2014

December S&P E-mini Futures: Today’s range estimate is 1994-2008. I 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 and has started to trade above what I thought would be a 107-108 resistance zone. Next stop is 112.  
November Crude:  Crude nearly reached my 90 target. Resistance above the market is at 95. 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.

1 comment:

hayfield said...

What is the significance of 2080? How about 2029 value? That would correlate to a 200% from the Mar 2009 daily close low.