September S&P E-mini Futures: The ES appears ready to stage an upside breakout which will carry into the 2490-2500 range. In any case the ES is likely to trade well above 2500 by the end of the year.
QQQ: Short term support is at 136. This average is headed for 150.
TNX (ten year note yield): If the 10 year yield can stay above the 2.15% level then I think deflationary fears have been put aside and the trend upward to a 3.00% yield will continue.
Euro-US Dollar: The ECB’s QE policy will ultimately drop the Euro below par. The 113-117 zone is long term resistance.
Dollar-Yen: A new bull market is underway. Support now is at 108. Upside target is 126-27 then 136
West Texas Crude Oil: Resistance is at 48. Downside target is 36-38.
August Gold: Resistance is at 1305. I still think Gold is headed back to its 1035 low.
July Silver: Silver is headed for 13.00 and below.
Google: Upside target at 1010 was nearly reached but the bull market is still going strong. Next upside target will be 1070. Support is at 900.
Apple: AAPL is on its way to 162. Support is at 144.
Facebook: Upside target at 160 has been reached. Support is at 145 and next upside target is 180.
Twitter: Resistance at 20 is likely to stop any rally. A move back above that level would have longer term bullish implications. Until then TWTR is headed for 10.00.
Alibaba: I think BABA will soon rally into the 160-65 zone.
Visa: Next upside target is 105. Support is at 90.