Monday, September 22, 2014

Guesstimates on September 22, 2014

December S&P E-mini Futures: Today’s range estimate is 1993-2003. I think this market is headed for 2080.
QQQ: Upside target is 103.00.  
TNX (ten year note yield): It looks like an extended up trend in yields has begun. The initial target is 3.00% but I think the 10 year yield will go significantly higher than that over the coming months.
Euro-US Dollar: The ECB quantitative easing program coupled with the Fed’s termination of its own program is likely to drop to Euro to 120.
Dollar-Yen: Next stop is 112.  
November Crude:   Resistance above the market is at 95. I expect the market to move below 90.
December Gold:  Gold is headed below 1100.  
December Silver: My bear market target remains 13.00.
Google:  GOOGL is headed for 650 and higher.
Apple:  I think AAPL is headed for 108.
Facebook: Upside target is 90.
Twitter: Upside target is 66.
Alibaba: Resistance is at 103 but I think that BABA will drop back to or below its IPO price before going much higher than that.
Visa: I think the bull market in Visa is over and that the stock will soon slide below its 200 day moving average and stay there.

1 comment:

pursuitist said...

Mini 3 peaks and domed house in XLF and Nasdaq.