Monday, October 27, 2014

Guesstimates on October 27, 2014

December S&P E-mini Futures: Today’s range estimate is 1941-1958. I think that the averages are headed above their September highs.
QQQ: Upside target is 102.
TNX (ten year note yield): So far the low yield was 1.86% and I now think that low yield marked the start of a move to and above the 3.00% level.  
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.  
December Crude:   I think the longer term trend in oil prices is downward and should carry the market down to 70 at least.  
December Gold:  Gold is headed below 1100.  Resistance is at 1260.
December Silver: My bear market target remains 13.00.
Google:  GOOGL is headed for 650. Support is at 520.
Apple:  I think AAPL is headed for 108. AAPL resisted the drop in the general market which is a bullish sign.
Facebook: Upside target is 90.
Twitter: Upside target is 66.
Alibaba: I now think that BABA is headed for 103.  
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.

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