Guesstimates on February 9, 2016

March S&P E-mini Futures: Today’s range estimate is 1807-40. I think the 1804 low will hold for at least another week or two. Resistance above the market is at 1951. Ultimately the ES is likely to drop into the 1700-50 zone.

QQQ:  Support in the Q’s is 94-95 and another rally to 104 or so is likely.

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 at 116 has failed. It looks like a new bear market has started which has bearish implications for world and for Japanese stock markets. Next downside target is 108.

March Crude: A drop to 24 or so is likely.

April Gold:  The move above 1175 resistance leads me to believe that a new bull market has begun in gold. Next upside target is 1260.

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

Google: Support is 675.

Apple:  APPL has dropped below 100 so 90 is the likely next stop.

Facebook: Resistance is now 120. Support is 95.

Twitter: Twitter has dropped below 19 and is probably headed for 10.

Alibaba: Resistance is at 75 and next downside target is 57.

Visa: Support is at 70.