Guesstimates on June 25, 2015

September S&P E-mini Futures: Today’s range estimate is 2090-2108. I still think the ES is headed above its previous bull market top at 2126.

QQQ:  Upside target is 113.

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

Euro-US Dollar:  It looks like the Euro is headed for the 1.18-1.20 zone. It should then stall there and resume its bear market 

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 while 127 is near term resistance.

August Crude:  I am beginning to suspect that the bear market is oil is over and that this long trading range is a precursor to a sustained advance.

August Gold:  I am beginning to suspect that this long trading range is the precursor to an extended advance and that the bear market is gold may be over.

July Silver: I think the bear market in silver may be over.

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. Support is at 121.

Facebook: Upside target is 90. Support is 72.

Twitter: I still expect TWTR to move up to 70. Support is at 35.

Alibaba: BABA has moved down to support at 85. Weakness below there would mean that the market is headed for 70.  

Visa: Upside target is 72. Support is 63.