September S&P E-mini Futures: Today's day session range estimate is 1278-1296. I think the debt ceiling talks are much ado about nothing. The ES is likely to establish a low today and then begin a sustained rally. I expect to see the market above 1400 during the coming months.
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 this market is now headed for 1.5300. Support is at 142.00.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
August Crude: A rally to 103-104 likely.
GLD – August Gold: Upside target is 1630. Support is at 1520.
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.
Apple: Upside target is now 415.