Spiders - September S&P E-mini Futures: The initial rally from the 1261 low yesterday should carry the market back to 1310 or so. I expect to see a number of 2 day rallies and breaks over the next week or so as the market prepares for a move to 1500.
QQQ: I think the Q’s will hold support in the 45-46 range and then begin a rally to 55.
TLT - September Bonds: The bonds are now headed upward to 118-00.
September 10 Year Notes: The notes are now headed for 117-16.
Euro-US Dollar: Resistance is still at 158.00. I think the market is on its way to 140.
Dollar-Yen: The yen is headed for 112.00. Support is now at 103.00.
XLE - OIH - USO – August Crude: Crude is headed for 160-165.
GLD - August Gold: I think the market is headed back to 1000.
SLV - September Silver: Silver closes above 1760 yesterday so I think it is the way to the 1950 level.
Google: GOOG will drop into the 500-510 range and will then begin a move to 750 or above.