Guesstimates on March 13, 2015

June S&P E-mini Futures: Today’s range estimate is 2050-2068. I think the drop from the February 25 top at 2109.75 ended Wednesday at 2030.50. A rally to new bull market highs is underway.

QQQ:  The current rally should carry to 112.00.

TNX (ten year note yield): I think that the market is headed up to 3.00%.

Euro-US Dollar: The ECB’s quantitative easing program will drop the euro below 1.00 over the coming months. Near term downside target is 1.03. Resistance above the market is at 1.12.

Dollar-Yen: Support is at 116. The bull market has much further to go over the coming months. 140-45 is my longer term target zone.

May Crude:  The longer term trend in oil prices is downward and should carry this market down close to the 2008 low at 33. Resistance above the market is at 55.

April Gold:  The odds favor continuation downward to 1040 over the coming months. Resistance above the market is at 1230.

May Silver: I think silver is headed for 13.00.

Google:  I think the longer term trend is upward and expect GOOGL to hit 670.

Apple:  There is no reason for thinking the bull market is over. New upside target is 140 but 160 should not be far behind.

Facebook: Upside target is 90. Support is 72.

Twitter: I expect TWTR to move up to 70.

Alibaba: BABA is headed for 68.

Visa: Visa is headed up to 290. Support is at 250.