Guesstimates on January 16, 2018

March S&P E-mini Futures:  Support now is at 2790 and the next upside target remains 2807. During the first quarter of 2018 the ES is likely to reach 2860 and perhaps 3000.

QQQ:  There is as yet no sign of a significant top. Support is at 153 and the next upside target is 168.

TNX (ten year note yield): The 10 year yield is on its way to the next upside target at 2.95%. Paradoxically this is good news for the stock market because it means that confidence in future growth is being restored.

Euro-US Dollar: The Euro is headed for 126.  Support is at 118.00

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

West Texas Crude Oil: Crude has reached the upside target at 63 which appears to be morphing into support. Next upside target is 70.

Gold:  The 1295 resistance level is now support. Upside target is 1390.

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

Google: Upside target at 1105 has been reached. Support now is at 1045. Next upside target is 1195.

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

Facebook:  Support is at 170 and the upside target is 200.

Twitter: 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 at 120 has been reached but there is no sign of a top. Next target is 127.