Monday, August 24, 2015

Guesstimates on August 24, 2015

September S&P E-mini Futures: Today’s range estimate is 1875-1942 but this is nothing more than a wild guess.  Downside target for this decline is the October 2104 low at 1813.
QQQ:  Downside target is 94.
TNX (ten year note yield): I think that the market yield is headed up to 3.00%.
Euro-US Dollar:  The market is headed for 1.17. From there the euro is likely to drop to 0.96 over the coming months.
Dollar-Yen: Support is at 116. The bull market has much further to go over the coming months. 140-45 is my longer term target zone while 127-28 is near term resistance.
October Crude:  Support is now 35.
December Gold:  Resistance above the market is 1170.
September Silver: I think the bear market in silver may be over. If so support is at 13.50.
Google:  GOOG will probably drop to 540 before its bull market resumes.
Apple:  AAPL is headed for 95.
Facebook: Support is at 80.
Twitter: TWTR is headed for 25 and then to 18.
Alibaba: I expect continuation downward to 55-60.
Visa: Support is still 63.

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