Guesstimates on January 27, 2014

March S&P E-mini Futures: Today’s range estimate is 1778-1794.  The ES now appears to be on its way to 1720.

QQQ:  Downside target is 82.00.

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

Euro-US Dollar: Unless and until 1.37 is breached on a closing basis I will stick with the 1.33 downside target.

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

February 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 headed for 13.00.

Google:  Upside target at 1150 has been reached. Some sort of stall is likely here and support now is at 1060.

Apple:  AAPL is headed for 600-610.