Tuesday, November 10, 2015

Guesstimates on November 10, 2015

December S&P E-mini Futures: Today’s range estimate is 2066-86. The move up from the August low will eventually reach new bull market highs. If the ES drops visibly below yesterday’s low it will probably continue downward to 2035 before the up move resumes.
QQQ:  Upside target is 120.
TNX (ten year note yield): I think that the market yield is headed up to 3.00%.
Euro-US Dollar:  The market is 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.
December Crude:  Support is 35. Resistance above the market is at 50.
December Gold:  The odds now favor continuation down to 1030.
December Silver: I think the bear market in silver may be over. If so support is at 13.50.
Google: The 760 level is the next upside target. Support remains 620.
Apple:  Temporary resistance at 118-120 has been broken. APPL is headed for 134.
Facebook: Resistance is at 110-12. Support is 95.
Twitter: I think the August low in TWTR at 21 will hold. Twitter is headed for 43.
Alibaba: Upside target is 100.
Visa: I think Visa is headed for 82 and eventually higher than that.

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