September S&P Futures: A rally to 1309 is underway. The market should hold support near 1272.
September Bonds: The bonds broke below 108-28 support this morning and this means the market will drop further to 108-04 or so. After that a rally to 110 will begin.
September 10 Year Notes: A drop to support around the 105-28 level is underway. After this correction is complete I expect a move up to 107-16.
Euro-US Dollar: Resistance is at 129.20 and the next development should be a drop below 123.00.
Dollar-Yen: I think the yen will hold 114.30 support. The next development will be a rally to 120.00. The yen should reach 130 over the next year.
September Crude: Downside target is 68.00 and resistance above the market is at 76.60.
December Gold: I now think that gold will not rally above its July high and instead will stall below 670 and begin an extended drop.
September Silver: I think silver will hold below resistance near 1270 and begin a move to below 900.
Google: Support is at 364 and I think GOOG will soon move above its all time high of 475.
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