Wednesday, August 26, 2015

Guesstimates on August 26, 2015

September S&P E-mini Futures: Today’s range estimate is 1902-1961. The odds are good that the drop ended at 1831. If not the final low should be near the October 2014 low at 1813. Once this market stabilizes and volatility declines a sustained up move is likely to begin.  
QQQ:  I think there is a very good chance that the drop from 114 ended at Monday’s 84 low.
TNX (ten year note yield): I think that the market yield is headed up to 3.00%.
Euro-US Dollar:  The market hit resistance at 1.17  and is now headed lower. Downside target is 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 reached its 95 target and is now headed higher. Temporary resistance is at 112.
Facebook: Support is at 80.
Twitter: TWTR is headed for 18.
Alibaba: The 55-60 target zone was reached and a rally to 75 or so would be normal.  
Visa: Support at 63 held and I think Visa is headed higher.


Christos Paliompeis said...

Hi Carl, I follow your work since 2008 and I'm very impressed by your analysis. Can you please write a few words on Disney when you have time?

Many thanks

Graph1159 said...

Hi Christos,
If you are interested in technical analysis of Disney, you might like to see this article I wrote on my blog. My current target for Disney is $75.

Feel free to comment,