September S&P E-mini Futures: Today’s range estimate is 2090-2108. I still think the ES is headed above its previous bull market top at 2126.
QQQ: Upside target is 113.
TNX (ten year note yield): I think that the market yield is headed up to 3.00%.
Euro-US Dollar: It looks like the Euro is headed for the 1.18-1.20 zone. It should then stall there and resume its bear market
Dollar-Yen: Support is at 116. The bull market has much further to go over the coming months. 140-45 is my longer term target zone while 127 is near term resistance.
August Crude: I am beginning to suspect that the bear market is oil is over and that this long trading range is a precursor to a sustained advance.
August Gold: I am beginning to suspect that this long trading range is the precursor to an extended advance and that the bear market is gold may be over.
July Silver: I think the bear market in silver may be over.
Google: I think the longer term trend is upward and expect GOOGL to hit 670.
Apple: There is no reason for thinking the bull market is over. New upside target is 140 but 160 should not be far behind. Support is at 121.
Facebook: Upside target is 90. Support is 72.
Twitter: I still expect TWTR to move up to 70. Support is at 35.
Alibaba: BABA has moved down to support at 85. Weakness below there would mean that the market is headed for 70.
Visa: Upside target is 72. Support is 63.