September S&P E-mini Futures: Today’s range estimate is 1948-60. The
market is approaching the 1963 target. There has already been one reaction of
12 points and I expect to see additional reactions of 10-20 points as the ES
tries to climb above 1963.
QQQ: Upside target is
95.00.
TNX (ten year note yield): I think the market will move to 3.50%
over the next few months.
Euro-US Dollar: The euro has definitely broken 1.3670
support and the downside target is 1.3450.
Dollar-Yen: The dollar-yen is headed for 107.00.
August Crude: My
upside target is 112.
August Gold: I
now think gold is headed for 1395.
July Silver: Resistance above the market at 20.25 has
been broken. Silver is headed for 22.25.
Google: Googl has moved
above the two important resistance levels I have been watching at 538 and 555
so I conclude that it is now headed for 620 and higher.
Apple: Apple’s
stock split makes its historical high 100.70. AAPL had moved past all
resistance which I can calculate below that top. It is well above rising 50 and
200 day moving averages. I now think AAPL is headed above 100, probably to 108
or so.
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