September S&P E-mini Futures: Today’s range estimate is 1958-78. The odds are good that last week’s 1831 low ended the drop from the My-July tops. Support now is in the 1892-1911 range. From there an extended up swing is likely to begin.
QQQ: I think that the drop from 114 ended at last Monday’s 84 low. Upside target is now 120.
TNX (ten year note yield): I think that the market yield is headed up to 3.00%.
Euro-US Dollar: The market hit resistance at 1.17 and is now headed lower. Downside target is 0.96 over the coming months.
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 127-28 is near term resistance.
October Crude: Support is 35. Resistance above the market is at 46.
December Gold: Resistance above the market is 1170.
September Silver: I think the bear market in silver may be over. If so support is at 13.50.
Google: In now think GOOG will hold support at 620 on any break and then resume its bull market.
Apple: AAPL reached its 95 target and is now headed higher. Temporary resistance is at 112.
Facebook: Support is still at 80.
Twitter: TWTR is headed for 18.
Alibaba: The 55-60 target zone was reached and 75 is now resistance. I think the 50% drop in BABA will now be followed by a move up to 90 or so.
Visa: Support at 63 held and I think Visa is headed higher.