Guesstimates on November 27, 2019 - none tomorrow or Friday

December S&P E-mini Futures: The next upside target is 3174. Much higher prices are likely during the coming months. The Lindsay basic advance which started from the December 2018 low remains intact and is likely to carry the ES to 3500 or so.
QQQ: I think that this index is headed for 230-240 during the next 18 months.
TNX (ten year note yield): 1.60% is now support.. I think the fast move up from 1.45% was the start of a big up swing in yield. This is likely to carry the 10 year yield first to 3.24% and then to 5.00 %. Contrary to popular belief higher yields will be bullish for stock prices since they will indicate confidence that more and stronger economic growth lies ahead.
Euro-US Dollar: Resistance above the market is 115.50. The longer term picture is bearish.
Dollar-Yen: The dollar-yen is trying to recover support at 108.00. If it succeeds then continuation up to 121 is likely. If it fails a drop to 100 will continue.
West Texas Crude Oil: Crude is trying to push past 57 resistance. If it succeeds a swing up to 75 will be underway.
Gold: Strong resistance level is 1515. A drop to 1400 is a reasonable expectation with even lower prices a good possibility.
Silver: Support is at 16.50. If it fails a drop to 12.50 will be underway.
Google: Support now is 1210. Next upside target is 1350.
Apple: AAPL now headed for 285.
Facebook:  FB bounced off of resistance at 198. Support is 188 and next upside target is 215.
Twitter: The 28 level is support and if it fails continuation down to 13 becomes likely.
Alibaba: BABA is headed for new bull market highs.
Visa: Support is at 160-62. V is now headed for 200.

Guesstimates on November 26, 2019

December S&P E-mini Futures: The next upside target is 3174. Much higher prices are likely during the coming months. The Lindsay basic advance which started from the December 2018 low remains intact and is likely to carry the ES to 3500 or so.
QQQ: I think that this index is headed for 230-240 during the next 18 months.
TNX (ten year note yield): 1.60% is now support.. I think the fast move up from 1.45% was the start of a big up swing in yield. This is likely to carry the 10 year yield first to 3.24% and then to 5.00 %. Contrary to popular belief higher yields will be bullish for stock prices since they will indicate confidence that more and stronger economic growth lies ahead.
Euro-US Dollar: Resistance above the market is 115.50. The longer term picture is bearish.
Dollar-Yen: The dollar-yen is trying to recover support at 108.00. If it succeeds then continuation up to 121 is likely. If it fails a drop to 100 will continue.
West Texas Crude Oil: Crude is trying to push past 57 resistance. If it succeeds a swing up to 75 will be underway.
Gold: Strong resistance level is 1515. A drop to 1400 is a reasonable expectation with even lower prices a good possibility.
Silver: Support is at 16.50. If it fails a drop to 12.50 will be underway.
Google: Support now is 1210. Next upside target is 1350.
Apple: AAPL now headed for 285.
Facebook:  FB bounced off of resistance at 198. Support is 188 and next upside target is 215.
Twitter: The 28 level is support and if it fails continuation down to 13 becomes likely.
Alibaba: BABA is starting to act as if a breakout above the 180 resistance level is imminent. If it occurs then BABA will be headed for new bull market highs.
Visa: Support is at 160-62. V is now headed for 200.

Guesstimates on November 25, 2019

December S&P E-mini Futures: Support at 3092 has held. As long as it does the next upside target will be 3174. If it fails then down to 3053 or 3000. In any event much higher prices are likely during the coming months. The Lindsay basic advance which started from the December low remains intact and is likely to last two years and carry the ES to 3500 or so.
QQQ: I think that this index is headed for 230-240 during the next 18 months.
TNX (ten year note yield): 1.60% is now support.. I think the fast move up from 1.45% was the start of a big up swing in yield. This is likely to carry the 10 year yield first to 3.24% and then to 5.00 %. Contrary to popular belief higher yields will be bullish for stock prices since they will indicate confidence that more and stronger economic growth lies ahead.
Euro-US Dollar: Resistance above the market is 115.50. The longer term picture is bearish.
Dollar-Yen: The dollar-yen is trying to recover support at 108.00. If it succeeds then continuation up to 121 is likely. If it fails a drop to 100 will continue.
West Texas Crude Oil: Crude is trying to push past 57 resistance. If it succeeds a swing up to 75 will be underway.
Gold: Strong resistance level is 1515. A drop to 1400 is a reasonable expectation with even lower prices a good possibility.
Silver: Support is at 16.50. If it fails a drop to 12.50 will be underway.
Google: Support now is 1210. Next upside target is 1350.
Apple: AAPL now headed for 285.
Facebook:  FB bounced off of resistance at 198. Support is 188 and next upside target is 215.
Twitter: The 28 level is support and if it fails continuation down to 13 becomes likely.
Alibaba: BABA is starting to act as if a breakout above the 180 resistance level is imminent. If it occurs then BABA will be headed for new bull market highs.
Visa: Support is at 160-62. V is now headed for 200.