Wednesday, November 18, 2015

Guesstimates on November 18, 2015



December S&P E-mini Futures: Today’s range estimate is 2049-68.  Support at the .382 retracement of the rally from the August 24 low stands at 2000. The ES held that support Sunday night and is now headed for 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:  The odds now favor continuation down to 1030.
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:  APPL is headed for 134. Support is at 110.
Facebook: Resistance is at 110-12. Support is 95.
Twitter: I think the August low in TWTR at 21 will hold. Twitter is headed for 43.
Alibaba: Upside target is 100. Support is 75.
Visa: I think Visa is headed for 82 and eventually higher than that.

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