Friday, December 15, 2017

Guesstimates on December 15, 2017



March S&P E-mini Futures:  The ES is headed for resistance at 2690. Support remains at 2655. Looking ahead into the first quarter of 2018 the market is likely to reach 2860.
QQQ:  Short term support is at 148.  I think this average is headed for 160 before a significant drop develops.
TNX (ten year note yield): If the 10 year yield can stay above the 2.15% level then I think deflationary fears have been put aside and the trend upward to a 3.00% yield will continue. 
Euro-US Dollar: The 118.75 resistance has failed and the ES is headed for 121.50 and eventually higher.  Support now is at 118.00
Dollar-Yen: A bull market is underway. Support is at 108. Upside target is 126-27 then 136
West Texas Crude Oil: Crude is headed for its next upside target at 63. Support now is at 54.
Gold:  The 1295 level is resistance. If it fails the ES is likely to continue up to 1390. Downside target is currently 1220.
Silver: Resistance is at 18.50. Silver is headed for 13.00 and below.
Google: Next upside target is 1105. Support is at 990.
Apple:   Support still is at 144. Next upside target is 182.
Facebook:  Support is at 170 and the upside target is 200.
Twitter: Support is 18. As long as it holds TWTR is headed for 34-36 with a temporary halt at 25 on the way up.
Alibaba: Support remains at 160. Next upside target is 199.
Visa: Upside target now is 120.

Thursday, December 14, 2017

Guesstimates on Decmeber 14, 2017



March S&P E-mini Futures:  The ES is headed for resistance at 2690. Support is at 2655. Looking ahead into the first quarter of 2018 the market is likely to reach 2860.
QQQ:  Short term support is at 148.  I think this average is headed for 160 before a significant drop develops.
TNX (ten year note yield): If the 10 year yield can stay above the 2.15% level then I think deflationary fears have been put aside and the trend upward to a 3.00% yield will continue. 
Euro-US Dollar: The 118.75 resistance has failed and the ES is headed for 121.50 and eventually higher.  Support now is at 118.00
Dollar-Yen: A bull market is underway. Support is at 108. Upside target is 126-27 then 136
West Texas Crude Oil: Crude is headed for its next upside target at 63. Support now is at 54.
Gold:  The 1295 level is resistance. If it fails the ES is likely to continue up to 1390. Downside target is currently 1220.
Silver: Resistance is at 18.50. Silver is headed for 13.00 and below.
Google: Next upside target is 1105. Support is at 990.
Apple:   Support still is at 144. Next upside target is 182.
Facebook:  Support is at 170 and the upside target is 200.
Twitter: Support is 18. As long as it holds TWTR is headed for 34-36 with a temporary halt at 25 on the way up.
Alibaba: Support remains at 160. Next upside target is 199.
Visa: Upside target now is 120.

Wednesday, December 13, 2017

Guesstimates on December 13, 2017



March S&P E-mini Futures:  The ES is headed for resistance at 2690. Support is at 2655. Looking ahead into the first quarter of 2018 the market is likely to reach 2860.
QQQ:  Short term support is at 148.  I think this average is headed for 160 before a significant drop develops.
TNX (ten year note yield): If the 10 year yield can stay above the 2.15% level then I think deflationary fears have been put aside and the trend upward to a 3.00% yield will continue. 
Euro-US Dollar: The 118.75 resistance has failed and the ES is headed for 121.50.  Support now is at 118.00
Dollar-Yen: A bull market is underway. Support is at 108. Upside target is 126-27 then 136
West Texas Crude Oil: Crude is headed for its next upside target at 63. Support now is at 54.
Gold:  The 1295 level is resistance. If it fails the ES is likely to continue up to 1390. Downside target is currently 1220.
Silver: Resistance is at 18.50. Silver is headed for 13.00 and below.
Google: Next upside target is 1105. Support is at 990.
Apple:   Support still is at 144. Next upside target is 182.
Facebook:  Support is at 170 and the upside target is 200.
Twitter: Support is 18. As long as it holds TWTR is headed for 34-36 with a temporary halt at 25 on the way up.
Alibaba: Support remains at 160. Next upside target is 199.
Visa: Upside target now is 120.