September S&P Futures: Support today is a 1277. Next short term upside target is 1300. I think the market ended the drop from the May 5 top at the June 14 low of 1229. A move to new bull market highs is underway.
September Bonds: Friday the market broke past resistance at 106-08. This is a clue that the trend may be turning upward again. If we finish this week above 106-08 I will conclude that the market is headed for 110. Meantime support is at the old resistance level at 106-08.
September 10 Year Notes: Friday the market broke past 104-18 resistance. If we finish this week above that level I shall conclude that the notes are headed for the 107-108 zone. Meantime support is at 104-12.
Euro-US Dollar: The trend has turned upward and the market is headed for the 131.00 level. Support today is at 127.10.
Dollar-Yen: The yen has decisively broken below support at 115.00 so I conclude that the market is headed down to 111.50. Resistance is at 115.10 today. I still think the yen is headed for the 130 level over the next year.
August Crude: This market has been much stronger than I have expected. I still think that the 75.35 top will hold and that the next big move will be a drop below 68.00.
August Gold: Gold is headed for 662. Support today is at 610.
September Silver: Silver is headed for 1270. Support today is at 1090.
Google: Support is at 400 and I think GOOG will soon reach 430. I expect to see the market reach the 450-500 zone this summer.
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