Thursday, September 25, 2014

Guesstimates on September 25, 2014

December S&P E-mini Futures: Today’s range estimate is 1983-92. 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.

1 comment:

boris said...

Over 10% correction is with its bottom is less than 5 months away and could have started or will start before late October.

OUR YBR indicated the last leg of this move after August Correction and move up into November or so. See Article by Boris Chikvashvili at