Thursday, November 06, 2014

Guesstimates on November 6, 2014

December S&P E-mini Futures: Today’s range estimate is 2019-2031.The market has resumed its move to my 2090 target.
QQQ: Upside target at 102 has been reached. Support is at 99.50 and the next step up should carry to 107.00
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: The dollar-yen is headed for 120.
December Crude:   I think the longer term trend in oil prices is downward and should carry the market down to 70 or below.  
December Gold:  Gold is headed below 1100 with 1080 my initial downside target and 850 a longer term target.
December Silver: My bear market target remains 13.00.
Google:  GOOGL is headed for 650. Support is at 520.
Apple:  There is no reason for thinking the bull market is over. Next stop is 125. Support stands at 96.
Facebook: Upside target is 90. Support is 72.
Twitter: Upside target is 66. Support is at 40.
Alibaba: I think that BABA is headed for 113.  
Visa: Visa is headed up to 270.

1 comment:

lexus300rb said...

In Mar 2009 the daily closing low was 676.53 and then ramp it up 200% over 5 plus years equals 2029.59 which would be a nice top for a couple years.