Thursday, November 21, 2013

Guesstimates on November 21, 2013

December S&P E-mini Futures: Today’s range estimate is 1774-1787. Support is at 1767. The ES is headed well over 1800, probably to 1900.
QQQ:  Support is at 80. Upside target remains 86.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: The Euro has started to trade above 1.3500 resistance but I am still not convinced that it is headed higher. For the time being I am sticking with my 1.28-1.30 downside target
Dollar-Yen: The dollar-yen is headed for 107.00.
January Crude:  I think crude is headed back to 86 and possibly lower than that.
December Gold:  The market is now headed below 1200.
December Silver: The market is now headed for 15.00.
Google:  Upside target is now 1150 and support beneath the market stands at 970.
Apple:  Upside target is 565 but a close below 510 would mean that AAPL is headed back to 400 or lower.

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