Swing Trading Strategies & Stock Picks Since 2003

Spiders - September S&P E-mini Futures: Support today is at 1239. I think that the market will make it up to 1290 before a break of 40-50 points develops. I also think the market is in the early stages of a rally which will carry it to 1500 over the next several months.

QQQ: Support remains at 44.00. Resistance stands at 47.50.  During the next few months the market should rally to 55 or higher.   

TLT - September Bonds: The trend has turned downward once more and the bonds are headed for 109. 

September 10 Year Notes: The trend has turned downward and the notes are headed for 108.  

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 – September Crude: Crude broke below 133 support so I think that it is now headed for 100. The 133 level is now resistance. 

GLD - August Gold: I think the market is headed back to 1000. Support is at 935. 

SLV - September Silver: I think silver is the way to the 2100 level. Support is at 1750. 

Google: The 460-80 range is good support and I expect the market to hold there and begin a move which will carry it over 750.