Guesstimates on February 12, 2024


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March S&P E-mini futures:  Inflation is coming down and the Fed is
unlikely to tighten any more. I expect to see the ES trade up to 5400 over the
next 6 months.

QQQ: Support is 415. Next upside target is
450.

TNX (ten year note yield): Long standing upside
target at 4.95% was reached. The 3.75% level is support.

Euro-US Dollar: The Euro is likely to drop
to support at 100. Meantime resistance is 112.

Bitcoin: Upside target at 50,000 was
nearly reached. Support now is at 41,000 then 36,000. The bitcoin bull market
is not over and next upside target is 57,000

West Texas Crude Oil: The downside target is
62.

Gold: Support is 1980-2000. Resistance is
2075. I believe that the long bull market in gold is over.

Apple: Next upside target past 200 is 250.
Support is 165.

Amazon: Upside target at 175 has been
reached. Support now is 145 and next upside target is 205. 

Google: Upside target at 150-55 has been
reached. Support is now 125.

Meta:  Upside target is 530. Support
is 310.

Netflix: Next upside target at 550 was
reached. New upside target is 710. Support now is 450.

Nvidia: Upside target at 630 was reached.
Next upside target is 725. Support now is 550.

Tesla: TSLA upside target is 350. Support
is 180.

Visa: Next upside target is 285. Support
is 215.

 

 



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