September S&P E-mini Futures: The swing up from the Brexit low is likely
to carry into the 2250-2300 zone. Support now is at 2158 and then 2151.
QQQ: The 112 level is
resistance and support is at 108.
TNX (ten year note yield): The market briefly dropped below the 2012
low yield of 1.39% but I think a substantial advance in yields is now underway.
Euro-US Dollar: I still think that the ECB’s QE policy
will ultimately drop the Euro below par.
Dollar-Yen: A bear market is underway. Resistance now
is 104-106. Next downside target is 95.
August Crude: Crude is in a bull market. Next upside
target is 55. Support is at 45.
August Gold: A
bull market is underway in gold. Support is now at 1280. Next upside target is
1420.
September Silver: Silver exceeded the 20.00 target by more
than a dollar. Next upside target is 25.00. Support now is at 18.00.
Google: Support is 675.
Apple: I
still think the bull market in APPL is intact. However should AAPL start
spending time below 90 I think continuation down to 70 will become likely.
Facebook: Upside target is 125-127. Meantime support is at 110.
Twitter: Twitter has moved above resistance at 16.25 but the 18-20
zone looks like another barrier to the current rally.
Alibaba: Now headed back to 86-90.
Visa: Support is at 70. Upside target is 90-95.
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