Guesstimates on October 6, 2014

December S&P E-mini Futures: Today’s range estimate is 1957-75. I think there is a good chance the ES will establish itself above 1966 today and that would mean that the market is headed for new bull market highs.

QQQ: Downside target is 94 unless and until the ES establishes itself above 1966.  

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 at least to 84.

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 of 68 before going much higher than 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.