September S&P E-mini Futures: Today's range estimate is 1320-35. The drop from 1375 is unlikely to go lower than 1320. After this reaction is complete the move to new bull market highs will resume.
QQQ: A move to 76 is underway.
TNX (ten year note yield): The 10 year yield is trading below the low of its recent multi-month trading range. The market seems to think that the Fed's easing actions will have the desired effect. If so yields will head back up to 3.00% and higher.
Euro-US Dollar: Resistance above the market remains at 1.2760. The market looks like it is on its way to 1.1900.
Dollar-Yen: This market is headed for 75 and lower.
August Crude: A rally of about $15 is underway. Resistance above the market is at 93. Once that level is reached the market will probably resume its long term trend to still lower prices.
GLD – August Gold: The market has dropped to the vicinity of the September and December low points at 1544 and 1529. I think a sustained up move is underway.
SLV - July Silver: A sustained move up is underway.
Google: Google held support near 562 and now is headed up to 750.
Apple: I think the market is headed above its 644 top and probably to 690-700.