Guesstimates on November 16, 2015

December S&P E-mini Futures: Today’s range estimate is 2011-2031. I still think the ES is headed for new bull market highs. Support at the .382 retracement of the rally from the August 24 low stands at 2000 and is likely to hold.

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.