Jumat, 28 Oktober 2011

Guesstimates on October 28, 2011

December S&P E-mini Futures: Today's day session range estimate is 1264-1289. I now think that the October 4 low will hold for the foreseeable future and the market is headed above its February 2011 top.

QQQ: Now headed for 68.

TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.

TNX (ten year note yield): The 10 year yield is at its historical low but will soon start a move to 4.50%.

Euro-US Dollar: I think the trend in the Euro has turned up and that the market is headed for 1.5000.

Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.

December Crude: The market is now headed for 55-60. Resistance above the market is at 94.

GLD – December Gold: I now think gold is headed for 2100.

SLV - December Silver: I now think silver is headed for 50.00.

Google: Google is now headed for its 2007 top near 750.

Apple: Upside target is now 475.

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