Guesstimates on January 24, 2018

March S&P E-mini Futures:  Resistance is at 2848-51. The approximate first quarter target is nearby at 2860. But until some sign of an important top emerges I think the it will continue its climb upward to 3100 or so.  

QQQ:  The average has reached 168 and is headed for 178-80. Support is at 164. 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. This in turn means that investors will try to put the huge supply of central bank liquidity to work in risky assets. This process will drive world wide stock market prices higher.

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: Support now is at 1080. Next upside target is 1195.

Apple:   Support now is 160. Next upside target is 182.

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

Twitter: Support is now 21-22. As long as it holds TWTR is headed for 34-36. 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.