September S&P E-mini Futures: Today's day session range estimate is 1112-1162. I think the ES will rally to 1180-1200, then break to 1050 or so, then put in a multi-week rally to 1200-1250.
QQQ: Support is 50.00 and upside target is still 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 this market is now headed for 1.5300. Support remains at 142.00.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
August Crude: Crude has dropped close to 75 last night. Resistance above the market is at 83 and the next step down should take it to 70. I think this is a bear market in crude which is likely to continue down into the 50-60 rnage..
GLD – December Gold: The market traded $27 above our 1750 target last night but we think the next development will be a drop to 1450. Resistance above the market is at 1810.
SLV - September Silver: Resistance is at 41.00. Any strength above 43.00 would mean that the move will continue above 50.00.
Google: I think a move to 750 and above is underway. Support is at 530.
Apple: Upside target is 435. Support is at 345.