September S&P E-mini Futures: Today's range estimate is 1083-1100. A new upward leg in the bull market started from the 1003 low. Initial target is 1100 or so
QQQ: A new upward leg in the bull market has started. Initial target is 47.50.
TYX (thirty year bond yield): Long term support is at 3.85%. The bonds will soon begin a move to 5.40%.
TNX (ten year note yield): Long term support is at 2.90%. I think that the notes will soon begin a swing up to 4.50%.
Euro-US Dollar: A move into the 135-40 zone is underway.
Dollar-Yen: A rally to 100.00 is underway. Support is at 87.00.
August Crude: I still think crude oil is headed for 50.00.
GLD – August Gold: The odds are that the market will continue upward to 1320. But any weakness below 1150 will mean that a drop to 875 has begun.
SLV - July Silver: I think silver will rally to 21.50 and then begin a move to 10.oo.
Google: The 430 level is now support. A move that should take GOOG above 700 will begin soon.
Apple: Should reach 350 (at least) before the bull market ends. Support is at 240.
1 comment:
1083--1100
1084.50,bot 1085.5 to now1091.
how more any one can get!
Thank you so much.
Newspaper ad trends continue to improve, but are still down versus last year -- We expect ad revenues in 2Q to show continued sequential improvement from 1Q, but recent channel checks have indicated softness persists in local ad trends and we believe newspaper ad revenues will likely remain negative for at least both 2Q and 3Q. National advertising trends continue to pace better than local and we look for possible positive growth in that category as well as in classified auto in 2Q. While newspaper stocks may run a little further if potential upside to estimates leads to another positive forward estimate revision, we believe multiple expansion is likely limited until these companies can successfully demonstrate that they have a viable business model to monetize their papers online and deal with declining readership
Always Great!
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