Thursday, October 29, 2015

Guesstimates on October 29, 2015

December S&P E-mini Futures: Today’s range estimate is 2072-89. The move up from the August low will eventually reach new bull market highs.
QQQ:  Upside target is 120.
TNX (ten year note yield): I think that the market yield is headed up to 3.00%.
Euro-US Dollar:  The market is 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.
December Crude:  Support is 35. Resistance above the market is at 50.
December Gold:  Resistance is 1207. I suspect the bear market in gold may be over.
December Silver: I think the bear market in silver may be over. If so support is at 13.50.
Google: The 760 level is the next upside target. Support remains 620.
Apple:  Temporary resistance is at 118-120 while support is at 98.
Facebook: Support is still at 80. Next resistance is at 110-12.
Twitter: I now think the August low in TWTR at 21 will hold. Twitter is headed for 43.
Alibaba: BABA broke above 75 resistance thus turning the trend up. Upside target is 100.
Visa: I think Visa is headed for 82 and eventually higher than that.

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