September S&P E-mini Futures: Today’s range estimate is 1632-47. The ES is headed back to its June 24 low as
1553.
QQQ: If the market starts
accepting prices below 75 it is headed back down to 69 or lower.
TNX (ten year note yield): The upside yield target for the 10 year
is 2.85 % has been reached but I think the market will move past this level to 3.50%
over the next few months.
Euro-US Dollar: It looks like a move up to 1.400 is
underway.
Dollar-Yen: The dollar-yen is headed for 107.00.
October Crude: Crude
is stalling at 108 resistance.
December Gold: Resistance
stands in the 1425-50 zone. I don’t think the bear market in gold is over.
September Silver: The market has reached resistance near
24.00 and will probably stall here before the bear market resumes.
Google: Support is at 800 and I think the next step up will carry
GOOG to 975.
Apple: The
460 level is now support and as long as it holds I think AAPL will continue its
rally to 560 or so.
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