Monday, May 18, 2015

Guesstimates on May 18, 2015

June S&P E-mini Futures: Today’s range estimate is 2108-2120. I think the ES is headed for 2146. Support beneath the market is at 2107. Any bigger reaction than that would mean that a drop to 2090 is underway.
QQQ:  Upside target is 113.
TNX (ten year note yield): I think that the market is headed up to 3.00%.
Euro-US Dollar:  Resistance above the market at 1.12 has been broken. The Euro is now headed for 1.18-19.  
Dollar-Yen: Support is at 116. The bull market has much further to go over the coming months. 140-45 is my longer term target zone.
July Crude:  The longer term trend in oil prices is downward and should carry this market down close to the 2008 low at 33. Crude has reached 64 resistance and I think the market will stall here and then head lower.
June Gold:  The odds favor continuation downward to 1040 over the coming months. Resistance above the market is at 1215.
July Silver: I think silver is headed for 13.00.
Google:  I think the longer term trend is upward and expect GOOGL to hit 670.
Apple:  There is no reason for thinking the bull market is over. New upside target is 140 but 160 should not be far behind. Support is at 121.
Facebook: Upside target is 90. Support is 72.
Twitter: I still expect TWTR to move up to 70. Support is at 35.
Alibaba: BABA is headed for 68. Resistance above the market is at 90.
Visa: Upside target is 72. Support is 63.


Martin Niemann said...


given where Gold is trading right now, can you still uphold your view that it will stall at 1215 resistance?


AM said...

Carl, Do you trade gold futures?


Unknown said...

Gold has been over 1215 for 3 days now.

Chip said...

thanks tony.

Everyone keeps saying this market is about to crash, what a load of crap.

Did anyone see CARL ICAHN today.

Have a look at this guy CARL ICAHN, famous US BILLIONAIRE in the US, his calls on the market have been killer and ridiculously accurate. See here. ==>

He is saying we are about to ROCKET higher on APPL, and he knows a few secrets there!

And to think I listened to those dummies from CNBC say the EARNINGS season was gunna be HORRIFIC!!! those buggers….I have been had yet again!! Pack of liars….pissed me off