Guesstimates on September 26, 2016

December S&P E-mini Futures: Support in the 2149-56 zone failed overnight. I plan to say bullish as long as the 2124 level holds. But even then I think the upside will be limited to 2200 or so.

QQQ:  It looks like the bull market has resumed. The 120 level is resistance.

TNX (ten year note yield): I think a substantial advance in yields is underway which should push the 10 year yield up to 2.50% or so.

Euro-US Dollar: I still think that the ECB’s QE policy will ultimately drop the Euro below par.

Dollar-Yen: A bear market is underway. Resistance is 104-106. Next downside target is 95.

November Crude: Crude is in a bull market. Support at 40-41. Next upside target is 56-58.

December Gold:  A bull market is underway in gold. Support is now at 1280. Next upside target is 1420.

December Silver: Silver exceeded the 20.00 target by more than a dollar. Next upside target is 25.00. Support now is at 18.00.

Google: Support is 675. Upside target is 880.

Apple:  I still think the bull market in APPL is intact. However should AAPL start spending time below 90 I think continuation down to 70 will become likely.  

Facebook: Support is at 120. Next upside target is 145.

Twitter: Twitter is attempting a breakout from its recent 6 month trading range. Breakout support is at 20 and if this level holds TWTR will be headed for 25 and then for 36.

Alibaba: Support is now at 98. Next upside target is 125.

Visa: Support is at 70. Upside target is 90-95.