Guesstimates on July 26, 2017

September S&P E-mini Futures: The ES is headed for the 2490-2500 range. The market is likely to trade well above 2500 by the end of the year.

QQQ:  Short term support is at 136. This average is headed for 150.

TNX (ten year note yield): If the 10 year yield can stay above the 2.15% level then I think deflationary fears have been put aside and the trend upward to a 3.00% yield will continue.  

Euro-US Dollar: The ECB’s QE policy will ultimately drop the Euro below par. The 113-117 zone is long term resistance.

Dollar-Yen: A new bull market is underway. Support now is at 108. Upside target is 126-27 then 136

West Texas Crude Oil: Resistance is at 48. Downside target is 36-38.

August Gold:  Resistance is at 1305. I still think Gold is headed back to its 1035 low.

July Silver: Silver is headed for 13.00 and below.

Google: Upside target at 1010 was nearly reached but the bull market is still going strong. Next upside target will be 1070. Support is at 900.

Apple:  AAPL is on its way to 162. Support is at 144.

Facebook: Upside target at 160 has been reached. Support is at 145 and next upside target is 180.

Twitter: Resistance at 20 is likely to stop any rally. A move back above that level would have longer term bullish implications. Until then TWTR is headed for 10.00.

Alibaba: I think BABA will soon rally into the 160-65 zone.

Visa: Next upside target is 105. Support is at 90.