Guesstimates on December 11, 2013

December S&P E-mini Futures: Today’s range estimate is 1801-1811. Last Wednesday’s 1777.75 low ended the drop from 1812.50 and that the ES is now headed for new bull market highs. Initial target for this up swing is 1853.

QQQ:  Support is at 80. Upside target is 88.

TNX (ten year note yield): I think the market will move to 3.50% over the next few months.

Euro-US Dollar: As long as the Euro holds support at 1.3400 I will stick with my view that it is headed for 1.40-1.42.

Dollar-Yen: The dollar-yen is headed for 107.00.

January Crude:  I think crude is headed back to 86 and possibly lower than that.

February Gold:  The market is headed to 1030.

March Silver: The market is now headed for 13.00.

Google:  Upside target is now 1150 and support beneath the market stands at 970.

Apple:  AAPL has been stalling at the 565 resistance level. Should it be breached the next upside target will be 600.