Spiders - September S&P E-mini Futures: The market’s rapid swings up and down over the past few trading days are part of a base building process which will support a move back to 1500. In the meantime the 1235 level is support. A move above 1265 should continue upward to 1310 or so.
QQQ: I think the Q’s will end their drop near 44.00 and begin a rally to 55.
TLT - September Bonds: The bonds are headed upward to 118-00.
September 10 Year Notes: The notes are headed for 117-16.
Euro-US Dollar: I think the market is on its way to 163. Support is at 155.80.
Dollar-Yen: The yen is headed for 103.50. From there the rally to 112.00 will resume.
XLE - OIH - USO – August Crude: Crude is headed for 160-165.
GLD - August Gold: I think the market is headed back to 1000. Support is at 915.
SLV - September Silver: I think silver is the way to the 1950 level.
Google: It is beginning to look like the reaction low for GOOG is in. A move to 750 or higher will be the next development.