Thursday, August 27, 2015

Guesstimates on August 27, 2015



September S&P E-mini Futures: Today’s range estimate is 1910-1970. The odds are good that the drop ended at 1831 but I do expect the market to drop down to 1850 or so at least once more before a substantial up swing begins.  
QQQ:  I think there is a very good chance that the drop from 114 ended at Monday’s 84 low.
TNX (ten year note yield): I think that the market yield is headed up to 3.00%.
Euro-US Dollar:  The market hit resistance at 1.17 and is now headed lower. Downside target is 0.96 over the coming months.
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 while 127-28 is near term resistance.
October Crude:  Support is now 35.
December Gold:  Resistance above the market is 1170.
September Silver: I think the bear market in silver may be over. If so support is at 13.50.
Google:  In now think GOOG will hold support at 620 on any break and then resume its bull market.
Apple:  AAPL reached its 95 target and is now headed higher. Temporary resistance is at 112.
Facebook: Support is still at 80.
Twitter: TWTR is headed for 18.
Alibaba: The 55-60 target zone was reached and 75 is now resistance. I think the 50% drop in BABA will now be followed by a move up to 90 or so.
Visa: Support at 63 held and I think Visa is headed higher.

Wednesday, August 26, 2015

Guesstimates on August 26, 2015



September S&P E-mini Futures: Today’s range estimate is 1902-1961. The odds are good that the drop ended at 1831. If not the final low should be near the October 2014 low at 1813. Once this market stabilizes and volatility declines a sustained up move is likely to begin.  
QQQ:  I think there is a very good chance that the drop from 114 ended at Monday’s 84 low.
TNX (ten year note yield): I think that the market yield is headed up to 3.00%.
Euro-US Dollar:  The market hit resistance at 1.17  and is now headed lower. Downside target is 0.96 over the coming months.
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 while 127-28 is near term resistance.
October Crude:  Support is now 35.
December Gold:  Resistance above the market is 1170.
September Silver: I think the bear market in silver may be over. If so support is at 13.50.
Google:  GOOG will probably drop to 540 before its bull market resumes.
Apple:  AAPL reached its 95 target and is now headed higher. Temporary resistance is at 112.
Facebook: Support is at 80.
Twitter: TWTR is headed for 18.
Alibaba: The 55-60 target zone was reached and a rally to 75 or so would be normal.  
Visa: Support at 63 held and I think Visa is headed higher.

Tuesday, August 25, 2015

Guesstimates on August 25, 2015



September S&P E-mini Futures: Today’s range estimate is 1900-1960, again pretty much of a wild guess. Target for this decline is the October 2104 low at 1813 but I think there is at least an even chance that yesterday’s 1831 low is all we will see on the  downside.
QQQ:  Downside target at 94 was exceeded by 10 points early yesterday. I think there is good chance that the drop from 114 ended there.
TNX (ten year note yield): I think that the market yield is headed up to 3.00%.
Euro-US Dollar:  The market hit 1.17 yesterday and is now probably headed lower. Downside target is 0.96 over the coming months.
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 while 127-28 is near term resistance.
October Crude:  Support is now 35.
December Gold:  Resistance above the market is 1170.
September Silver: I think the bear market in silver may be over. If so support is at 13.50.
Google:  GOOG will probably drop to 540 before its bull market resumes.
Apple:  AAPL reached its 95 target early yesterday and is now headed higher.
Facebook: Support is at 80.
Twitter: TWTR is headed for 18.
Alibaba: The 55-60 target zone was reached yesterday and a rally to 75 or so now would be normal.  
Visa: Support at 63 held yesterday and I think Visa is headed higher.