September S&P E-mini Futures: The ES has moved above 2469 resistance
and now is probably headed for 2500. 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 old top at 117 has been exceeded but
not by enough to convince me that resistance there has failed. Consequently I
still think the next big move will be downward from here. A drop below 103 is
still in the cards.
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 at 48 has failed. Crude is now
headed back to 55 and support is at 45.
December Gold: Resistance
is at 1305. I still think Gold is headed back to its 1035 low.
September 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: FB got within 2 points of the upside target at 180. I think
FB will have a hard time moving much past that level for a while. Meantime
support is at 160.
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.
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