September S&P E-mini Futures: Today's range estimate is 1401-1414. The drop from yesterday's high is a normal reaction in an uptrend. I doubt that the drop will go past 1397. Over the next month or two the market should move above 1450.
QQQ: A move to 76 is underway.
TNX (ten year note yield): The 10 year yield has started to rally. If this rally has legs it could easily push the 10 year yield to 2.50% or even higher. The bond market is anticipating a revival of economic activity in the US.
Euro-US Dollar: Resistance above the market is at 1.2600. The market looks like it is on its way to 1.1900.
Dollar-Yen: This market is headed for 75 and lower.
September Crude: The market should stop near 96. I think the next development will be a resumption of the bear market in crude. Next downside target is 66.
GLD – December Gold: The market dropped a few weeks ago to the vicinity of the September and December low points at 1544 and 1529 and has started to rally. I think a sustained up move is underway.
SLV - September Silver: A sustained move up is underway.
Google: Google held support near 562 and now is headed up to 750.
Apple: AAPL established a new bull market high at 648 Friday. think the market is headed to 690-700. Support stands at 630.