Thursday, March 28, 2024

Guesstimates on March 28, 2024

June S&P E-mini futures:  Inflation is coming down and the Fed is unlikely to tighten any more. My long-standing 5400 target has nearly been reached and may well prove too conservative.

QQQ: Support is 430. Upside resistance is 450.

TNX (ten year note yield): The 3.75% level is support.

Euro-US Dollar: The Euro is likely to drop to support at 100. Meantime resistance is 112.

Bitcoin: Support is at 56,000. Next upside target is 81,000.

West Texas Crude Oil: Resistance at 81 appears to be failing. Upside target is now 90.

Gold: Upside target is 2250. Support is 2000.

Apple: Next upside target past 200 is 250. Support is 165.

Amazon: Upside target at 175 has been reached. Support now is 145 and next upside target is 205. 

Google: Upside target at 150-55 has been reached. Support is now 125.

Microsoft: Support is 375 and the next upside target is 500.

Meta:  Upside target is 530. Support is 310.

Netflix: Upside target is 710. Support now is 450.

Nvidia: Next resistance is 1050. Support is 810.

Tesla: TSLA upside target is 350. Support at 180 has failed so downside target now is 144-150.

Visa: Upside target at 285 has been reached. Support now is 250.

Wednesday, March 27, 2024

Guesstimates on March 27, 2024

June S&P E-mini futures:  Inflation is coming down and the Fed is unlikely to tighten any more. My long-standing 5400 target has nearly been reached and may well prove too conservative.

QQQ: Support is 430. Upside resistance is 450.

TNX (ten year note yield): The 3.75% level is support.

Euro-US Dollar: The Euro is likely to drop to support at 100. Meantime resistance is 112.

Bitcoin: Support is at 56,000. Next upside target is 81,000.

West Texas Crude Oil: Resistance at 81 appears to be failing. Upside target is now 90.

Gold: Upside target is 2250. Support is 2000.

Apple: Next upside target past 200 is 250. Support is 165.

Amazon: Upside target at 175 has been reached. Support now is 145 and next upside target is 205. 

Google: Upside target at 150-55 has been reached. Support is now 125.

Microsoft: Support is 375 and the next upside target is 500.

Meta:  Upside target is 530. Support is 310.

Netflix: Upside target is 710. Support now is 450.

Nvidia: Next resistance is 1050. Support is 810.

Tesla: TSLA upside target is 350. Support at 180 has failed so downside target now is 144-150.

Visa: Upside target at 285 has been reached. Support now is 250.

 

 

 

Tuesday, March 26, 2024

Guesstimates on March 26, 2024

June S&P E-mini futures:  Inflation is coming down and the Fed is unlikely to tighten any more. My long-standing 5400 target has nearly been reached and may well prove too conservative.

QQQ: Support is 430. Upside resistance is 450.

TNX (ten year note yield): The 3.75% level is support.

Euro-US Dollar: The Euro is likely to drop to support at 100. Meantime resistance is 112.

Bitcoin: Support is at 56,000. Next upside target is 81,000.

West Texas Crude Oil: Resistance at 81 appears to be failing. Upside target is now 90.

Gold: Upside target is 2250. Support is 2000.

Apple: Next upside target past 200 is 250. Support is 165.

Amazon: Upside target at 175 has been reached. Support now is 145 and next upside target is 205. 

Google: Upside target at 150-55 has been reached. Support is now 125.

Microsoft: Support is 375 and the next upside target is 500.

Meta:  Upside target is 530. Support is 310.

Netflix: Upside target is 710. Support now is 450.

Nvidia: Next resistance is 1050. Support is 810.

Tesla: TSLA upside target is 350. Support at 180 has failed so downside target now is 144-150.

Visa: Upside target at 285 has been reached. Support now is 250.