September S&P E-mini Futures: Today’s range estimate is 1975-88. I
think that the ES is in the early stages of a move to 2000 and higher.
QQQ: Support is now at 94.00 and I think the Q’s have a good shot
at 99.00.
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 again dropped below the
1.35 low of its recent trading range. If the market spends a day trading below
1.35 I will start looking for a swing down to 1.33.
Dollar-Yen: The dollar-yen is headed for 107.00.
September Crude: Crude
has dropped decisively below 102 support and is now headed for 90.
August Gold: I
think gold is headed for 1395. Support is at 1285.
September Silver: Resistance above the market at 20.25 has
been broken. Silver is headed for 22.25.
Google: Googl is 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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