September S&P Futures: I think the S&P’s are on their way to 1310. Support today is at 1272. A move to new bull market highs is underway.
September Bonds: The bonds will probably drop to 106-16 and then rally to 108-16. The market is headed for the 110 level.
September 10 Year Notes: The notes should find support near 104-20 and then rally to 105-20.
Euro-US Dollar: The market broke 127.10 support this morning so will probably drop a bit further to 126.40. Weakness below 126.40 would force me to abandon my 131.00 target and look for an extended drop instead.
Dollar-Yen: The yen is headed for 118.00. I still think the yen will reach the 130 level over the next year.
August Crude: Resistance today is at 74.50. The market has started a swing down to the low of its recent trading range near 68.00. I think that low will be broken.
August Gold: Resistance above the market is at 655. The 662 level is my target for the rally from 547.
September Silver: Resistance is at 1200. The 1270 level is still my target for the rally from the 945 low.
Google: Support is at 405 and I think GOOG will soon reach 430. I expect to see the market reach the 450-500 zone this summer.