September S&P E-mini Futures: Today's day session range estimate is 1311-1326. A sustained swing up to above the 1400 level is underway and I expect this rally to resume in earnest tomorrow or Friday. Meantime the market is likely to putting in several 10-20 points swings which is building the base for the upcoming rally.
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: I think the market is headed for 1.3700. The euro has traded 50 pips above 140.60 resistance this morning. Any strength above 141.10 today would turn me bullish once more.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 82.45.
August Crude: 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.