Guesstimates on August 31, 2018

September S&P E-mini Futures: There is strong support in the 2874-78 range and this is likely to limit any reaction. The 3100 level is a plausible target by year end.
QQQ: Support is 175 and the upside target is now 190.
TNX (ten year note yield): Support remains at 2.70%. Next upside target is 3.50%. Rising interest rates are good news for the stock market because they signify that confidence in future growth is being restored. This in turn means that investors will try to put the huge supply of central bank liquidity to work in risky assets. This process will drive world wide stock market prices higher.
Euro-US Dollar: It is likely the Euro bear market has resumed. Ultimately it is likely to carry the Euro back down to its 103 low.
Dollar-Yen: A swing up to 117 is likely.
West Texas Crude Oil: Support is 65. The 72-74 zone was strong resistance but has been breached once already. I expect more selling at 78 but if this resistance fails crude will be headed for 87.  
Gold:  Gold has reached resistance in the 1215-20 zone. Another down leg is likely to begin soon and probably carry the market down to 1120-30.
Silver: Silver is headed for 12.50 and possibly lower.
Google: GOOG has reached the 1250 target. Support now is at 1175. Next upside target is 1400.  
Apple:  AAPL is headed for 250.
Facebook:  FB has support at 150. I think FB will move to new highs before this bull market is over.
Twitter: TWTR is likely to hold support at 30. I think TWTR has a good shot at returning to its historical high just below 75 by the end of the year.
Alibaba: BABA’s 175 support level failed but I expect support at 160 to hold and be followed by a big swing up.
Visa: Now headed for 155. Support still is 135.

Guesstimates on August 30, 2018

September S&P E-mini Futures: There is strong support in the 2874-78 range and this is likely to limit any reaction starting from current levels. The 3100 level is a plausible target by year end.
QQQ: Support is 175 and the upside target is now 190.
TNX (ten year note yield): Support remains at 2.70%. Next upside target is 3.50%. Rising interest rates are good news for the stock market because they signify that confidence in future growth is being restored. This in turn means that investors will try to put the huge supply of central bank liquidity to work in risky assets. This process will drive world wide stock market prices higher.
Euro-US Dollar: It is likely the Euro bear market has resumed. Ultimately it is likely to carry the Euro back down to its 103 low.
Dollar-Yen: A swing up to 117 is likely.
West Texas Crude Oil: Support is 65. The 72-74 zone was strong resistance but has been breached once already. I expect more selling at 78 but if this resistance fails crude will be headed for 87.  
Gold:  Gold has reached resistance in the 1215-20 zone. Another down leg is likely to begin soon and probably carry the market down to 1120-30.
Silver: Silver is headed for 12.50 and possibly lower.
Google: GOOG has reached the 1250 target. Support now is at 1175. Next upside target is 1400.  
Apple:  AAPL is headed for 250.
Facebook:  FB has support at 150. I think FB will move to new highs before this bull market is over.
Twitter: TWTR is likely to hold support at 30. I think TWTR has a good shot at returning to its historical high just below 75 by the end of the year.
Alibaba: BABA’s 175 support level failed but I expect support at 160 to hold and be followed by a big swing up.
Visa: Now headed for 155. Support still is 135.

Guesstimates on August 29, 2018

September S&P E-mini Futures: There is strong support in the 2874-78 range and this is likely to limit any reaction starting from current levels. The 3100 level is a plausible target by year end.
QQQ: Support is 175 and the upside target is now 190.
TNX (ten year note yield): Support remains at 2.70%. Next upside target is 3.50%. Rising interest rates are good news for the stock market because they signify that confidence in future growth is being restored. This in turn means that investors will try to put the huge supply of central bank liquidity to work in risky assets. This process will drive world wide stock market prices higher.
Euro-US Dollar: It is likely the Euro bear market has resumed. Ultimately it is likely to carry the Euro back down to its 103 low.
Dollar-Yen: A swing up to 117 is likely.
West Texas Crude Oil: Support is 65. The 72-74 zone was strong resistance but has been breached once already. I expect more selling at 78 but if this resistance fails crude will be headed for 87.  
Gold:  Gold has reached resistance in the 1215-20 zone. Another down leg is likely to begin soon and probably carry the market down to 1120-30.
Silver: Silver is headed for 12.50 and possibly lower.
Google: GOOG has reached the 1250 target. Support now is at 1175. Next upside target is 1400.  
Apple:  AAPL is headed for 250.
Facebook:  FB has support at 150. I think FB will move to new highs before this bull market is over.
Twitter: TWTR is likely to hold support at 30. I think TWTR has a good shot at returning to its historical high just below 75 by the end of the year.
Alibaba: BABA’s 175 support level failed but I expect support at 160 to hold and be followed by a big swing up.
Visa: Headed for 145. Support is 135.