September S&P Futures: I think the reaction from the 1307.75 level ended Wednesday at 1291.50. A move into the 1309-12 zone has begun.
September Bonds: I think the bonds will soon reach 110-08 and then break several points.
September 10 Year Notes: A rally to 107-12 is underway.
Euro-US Dollar: Yesterday a rally back above the 128.00 level was decisively reversed and now I think the market will drop back to near its last important low near 127.00. As long as that level holds I will continue to look for a move to 130.60 before a substantial down move starts.
Dollar-Yen: The yen is on the way to 119.50. The yen should reach 130 over the next year.
October Crude: Resistance is at 73.50 and I still think we shall see the market break to 68.00 or so before a more substantial rally starts.
December Gold: I am short term bullish on gold and expect it to rally into the 665-670 range before the market turns much lower.
September Silver: I am short term bullish on silver and think that a move up to 1350 or so in the cards. After this rally a drop to below 900 should develop.
Google: Support is now at 369 and I think GOOG will soon move above its all time high of 475.
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