Guesstimates on August 25, 2015

September S&P E-mini Futures: Today’s range estimate is 1900-1960, again pretty much of a wild guess. Target for this decline is the October 2104 low at 1813 but I think there is at least an even chance that yesterday’s 1831 low is all we will see on the  downside.

QQQ:  Downside target at 94 was exceeded by 10 points early yesterday. I think there is good chance that the drop from 114 ended there.

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

Euro-US Dollar:  The market hit 1.17 yesterday and is now probably headed lower. Downside target is 0.96 over the coming months.

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 127-28 is near term resistance.

October Crude:  Support is now 35.

December Gold:  Resistance above the market is 1170.

September Silver: I think the bear market in silver may be over. If so support is at 13.50.

Google:  GOOG will probably drop to 540 before its bull market resumes.

Apple:  AAPL reached its 95 target early yesterday and is now headed higher.

Facebook: Support is at 80.

Twitter: TWTR is headed for 18.

Alibaba: The 55-60 target zone was reached yesterday and a rally to 75 or so now would be normal.  

Visa: Support at 63 held yesterday and I think Visa is headed higher.