September S&P E-mini Futures: Next upside target is the all time high at 3397. This is a bull market. The March 23 low at 2174 ended the drop from 3397 – the Corona Crash. I think the Fed’s QE program is very bullish long term and that the Corona Crisis has passed its peak. The 2174 low will hold for several years.
QQQ: Support is 235. The next upside target is 285.
TNX (ten year note yield): There is a good chance that the 0.40% level was the low yield of this nearly 40 year decline in bond yields and that yields will soon start a long march into higher ground.
Euro-US Dollar: Resistance at 115.50 has failed. A swing up to 125.00 is now likely.
Dollar-Yen: Still confined within a 101-115 trading range.
West Texas Crude Oil: A bull market is in progress. Next upside target is 44. Support now is 32.
Gold: Next upside target is 2150.
Silver: Resistance at 27.00 is likely to fail. Support is 22.50 and next upside target is 31.00.
Google: Upside target is 1600 has nearly been reached. Next step up will be to 1750.
Apple: Upside target at 450 has been reached. 395 is support. Next upside target will be 550.
Amazon: Next upside target is 3700. Support is 2500.
Facebook: Upside target is 290.
Twitter: Upside target 75.
Alibaba: BABA now headed for 305.
Visa: Upside target is 240.
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