Wednesday, April 13, 2016

Guyesstimates on April 13, 2016

June S&P E-mini Futures: Support beneath the market stands at 2054. The ES is headed for 2080 and is on track to move above last year’s 2134 high over the next few months.
QQQ:  The Q’s are headed for 112 and eventually to 120. Support now is at 101.
TNX (ten year note yield): We probably have seen the low 10 year yield for the year. I think that the 10 year yield will reach 3.00% during the next 12 months.  
Euro-US Dollar: The market is headed lower. Downside target is 0.96 over the coming months.
Dollar-Yen: It looks like a new bear market has started.  The yen has reached its first downside target at 108. A rally to 111-113 is likely if 108 can hold.
May Crude: I think a move to 24 is underway.
June Gold:  A new bull market has begun in gold. The next upside target is 1315. Support is 1205.
May Silver: I think the bear market in silver is over. Resistance is at 16.25.
Google: Support is 675.
Apple:  APPL has probably made its low near 92 and is now headed for 134 and possibly higher.
Facebook: Resistance is now 120. Support is 95.
Twitter: Twitter should drop to 10.
Alibaba: Now headed back to 86.
Visa: Support is at 70.

No comments: