Guesstimates on November 22, 2017

December S&P E-mini Futures:  The ES has staged an upside breakout past its last top at 2594.50 which is now acting as support. Next upside target is 2613. I think the market will move well above 2600 during the next few months.

QQQ:  Short term support is at 148.  I think this average is headed for 160 before a significant drop develops.

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 118.75 level is likely to stop this rally. Should it fail then a swing up to 121-122 will be underway.

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

West Texas Crude Oil: Crude is headed for its next upside target at 63. Support now is at 49.

Gold:  The 1290 level is resistance. If it fails the ES is likely to continue up to 1390. Downside target is currently 1220.

Silver: Resistance is at 18.50. Silver is headed for 13.00 and below.

Google: Next upside target is now 1105. Support is at 990.

Apple:   Support still is at 144. Next upside target is 182.

Facebook: FB moved as high as 188 after its latest earnings news. Support is at 170 and the upside target is 200.

Twitter: A high volume upside breakout from a one year trading range appears to be underway. Breakout support is 18. As long as it holds TWTR is headed for 34-36 with a temporary halt at 25 on the way up.

Alibaba: Support remains at 160. Next upside target is 199.

Visa: Upside target now is 120.