Guesstimates on November 16, 2018

December S&P E-mini Futures: The ES is attempting to reestablish itself above the failed 2700-10 support zone. If it succeeds by holding above 2700 then I will be convinced that yesterday’s low at 2671 ended the drop from 2818. But if it fails then continuation down to 2603 will be likely. A decline that far will have longer term bearish implications. The recent top at 2818 would then stand out as a lower top of a big rally which followed a significant downside penetrations of several 200 day moving averages.
QQQ: The drop from 187 apparently has further to go. Downside target is 155.
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: Downside target is 103.
Dollar-Yen: A swing up to 117 is likely.
West Texas Crude Oil: Downside target is 52.
Gold: Support is in the 1215-20 zone has failed. Downside target is 1125and resistance is 1225.
Silver: Silver is headed for 12.50 and possibly lower.
Google: I think GOOG has ended its drop from its 1295 high. If not then 975 is the worst I see on the downside.
Apple:  AAPL dropped below 198 support and is headed for 160.
Facebook:  FB now headed for 125.
Twitter: TWTR has reestablished itself above 30 in the face of the tech massacre and is now likely to return to 48
Alibaba: There is a good chance that BABA has made its low in the 130-135 zone.
Visa: Support is now 125.