Tuesday, February 08, 2022

Guesstimates on February 8

March S&P E-mini Futures:  The ES is headed for all-time highs at 4808 and above.

QQQ:  Downside target at 334 was reached. The 362 resistance has failed so 395 is now the upside target.

TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. First stop is 2.00%.

Euro-US Dollar: Support at 112.50 failed but was regained. Resistance is still at 115.00.

Bitcoin: Downside target at 33,000 was reached. Resistance above the market is 44,000.

West Texas Crude Oil: Crude has reached its 90 target. Support now is at 75.

Gold: The rally back above 1800 is likely to carry to 1960.

Silver:  Apparently 23.00 support has failed once more. No idea where silver is headed next.

Apple: Upside target is 200. Support is 125.

Alibaba: Next downside was 110 and the low so far has been 108. This low is likely to hold and the next upside target is 200.

Amazon: Support is 2500. Upside target is 3800.

Facebook:  FB is fell below support at 325. Downside target now 200.

Google: Next upside target is 3300. Support is now 2400.

Netflix: Support now is 350.

Tesla: Support at 900-950 has failed and is now resistance. Downside target is 700.

Twitter: Downside target is 25.

Visa: Downside target at 195 has been reached. Upside target is 250. Support still 195.

 

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