September S&P E-mini Futures: Today's day session range estimate is 1313-1330. I think the move to 1400 and above will resume today.
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: Yesterday's strength above 1.4110 makes the drop below the June 15 low look like a shakeout. I think this market is now headed for 1.5300.
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: Upside target is 1630. Support is at 1485.
SLV - September Silver: This market is headed for 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.
1 comment:
Doesn't look like the move to 1400 is anywhere near to resume. Earnings season should be the catalyst but it doesn't look like it's meant to be this this time.
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