September S&P E-mini Futures: Today’s range estimate is 2092-2107. I still
think the market is headed for 2126.25 and above.
QQQ: Support is at 108. Upside
target is 120.
TNX (ten year note yield): I think that the market yield is headed
up to 3.00%.
Euro-US Dollar: The
market continues to oscillate in a 1.08-1.14 trading range. But I think the
ECB’s QE program will push the euro down to 0.96 over the coming months.
Dollar-Yen: Support is at 116. The bull market has
much further to go over the coming months. 140-45 is my longer term target zone
while 127-28 is near term resistance.
September Crude: Support
stand in the 41-41 zone.
December Gold: Resistance
above the market is at 1147. Gold recently made a new bear market low and is
getting closer to long term support at 1030. I think a new bull market is
likely to emerge from a low near that support level.
September Silver: I think the bear market in silver may be
over. If so support is at 13.50.
Google: GOOG will probably
drop to 635 before its bull market resumes.
Apple: There
is no reason yet for thinking the bull market is over although the drop below
the 200 day moving average is cause for concern. AAPL is headed for 100-105.
Facebook: Next upside target is 110. Support is at 80.
Twitter: TWTR is headed for 25.
Alibaba: BABA has nearly reached its 70 target. Resistance above the
market is at 80.
Visa: Upside target at 72 has been reached but there is no sign
that the advance is over. Next stop is 80. Support is still 63.
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