September S&P E-mini Futures: Today's day session range estimate is 1318-1330. A sustained swing up to above the 1400 level is underway. The market is likely to put in several 10-20 points swings this week while making only a small amount of net upside progress.
QQQ: Upside target is 63.00.
TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.
TNX (ten year note yield): The 10 year yield is headed for 4.50%.
Euro-US Dollar: The euro broke below support at 1.4250 last night and I now think that it is heading for 1.3700.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 82.45.
August Crude: The market never made it down to the 87.00 target and subsequent strength no makes a rally to 103-104 likely.
GLD – August Gold: Gold appears on its way to new highs. Upside target is 1630. Support is at 1485.
SLV - September Silver: Support is at 32.00. This market is about to head upward to resistance at 41.00. Any strength above 43.00 would mean that the move will continue above 50.00.
Google: I think a move to 700 and above has begun.
Apple: APPL has reached support at 318 and now should begin a move to 430.