Tuesday, October 13, 2015

Guesstimates on October 13, 2015



December S&P E-mini Futures: Today’s range estimate is 1991-2007. The move up from the August low will eventually reach new bull market highs.
QQQ:  I think that a bull market correction ended at the August 24 low of 84. Upside target is now 120.
TNX (ten year note yield): I think that the market yield is headed up to 3.00%.
Euro-US Dollar:  The market is 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.
November Crude:  Support is 35. Resistance above the market is at 50.
December Gold:  Resistance above the market is 1170.
December 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:  Temporary resistance is at 118-120 while support is at 98.
Facebook: Support is still at 80.
Twitter: TWTR is headed for 18.
Alibaba: The next downside target is 50 and 75 is still resistance.
Visa: Support at 63 held and I think Visa is headed higher.

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