Guesstimates on February 22, 2023

March S&P E-mini Futures:  The second up leg of the bull market is underway with upside target 4400-4500.

QQQ:  Upside target at 305 has been exceeded. Next upside target is 325. Meantime support is 288.

TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. Support now is at 3.40% and next upside target is 4.95%.

Euro-US Dollar: The next step up will be to 112-113. Support is 103.5

Bitcoin: Bitcoin has put in a strong rally in the face of universally bad news in crypto. This is bullish action and I think the bitcoin bear market is over. Resistance is still 26,000 but the trend over the next few months should carry bitcoin at least to 36,000 and maybe to 50,000.

West Texas Crude Oil: Support is at 72. Next upside target is 104.

Gold: Support is 1850 then 1800. Assuming 1800 holds another swing up to 2020 or so is likely.

Apple: Upside target is still 200. Support is 125.

Alibaba: Resistance is 125. Support is 45.

Amazon: Support is 100. Upside target is 125. If market passes 130 then up to 175.

Google: Upside target is 150-55. Support is 90.

Meta:  Next upside target is 225.

Netflix: Upside target is now 375.

Tesla: A new bull market is underway in TSLA with upside target 350. Support now is 135.

Visa: Support is 163. Upside target is 250.