Guesstimates on September 24, 2014

December S&P E-mini Futures: Today’s range estimate is 1964-80. I think this market is headed for 2080 but weakness below 1964 will mean it is headed for 1890 instead.

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.