Guesstimates on October 29, 2014

December S&P E-mini Futures: Today’s range estimate is 1968-1988. I think that the averages are headed above their September highs.

QQQ: Upside target is 102.

TNX (ten year note yield): I think that  a move to and above the 3.00% level is underway.  

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. Support is 72.

Twitter: Upside target is 66. Support is at 40.

Alibaba: I now think that BABA is headed for 103.  

Visa: I think the bull market in Visa is over.