Guesstimates on September 16, 2015

December S&P E-mini Futures: Today’s range estimate for the December contract is 1963-83. The odds are good that the August 24 low at 1823 ended the drop from the May-July tops. A move to new bull market highs is underway.

QQQ:  I think that the drop at the August 24 low of 84. Upside target is now 120.

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 35. Resistance above the market is at 50.

December Gold:  Resistance above the market is 1170.

December Silver: I think the bear market in silver may be over. If so support is at 13.50.

Google:  In now think GOOG will hold support at 620 on any break and then resume its bull market.

Apple:  AAPL reached its 95 target and is now headed higher. Temporary resistance now is at 118-120.

Facebook: Support is still at 80.

Twitter: TWTR is headed for 18.

Alibaba: The next downside target is 50 and 75 is still resistance.

Visa: Support at 63 held and I think Visa is headed higher.