Spiders - September S&P E-mini Futures: The e-minis are headed for 1310. Theis rally should prove to be the first stage of an extended move to 1500 over the next few months. Support today is at 1250.
QQQ: I think the Q’s have ended their reaction. Resistance stands at 47.50. During the next few months the market should rally to 55 or higher.
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. Support is at 133.
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.