Guesstimates on September 5, 8:25 am ET

Spiders - September S&P E-mini Futures: I think the S&P is headed for 1175. There should be temporary support near 1210. Resistance above the market is at 1260. 

QQQ: Support is at 41.50. I think the Q’s will soon take a step up to 51.00. During the next few months the market should rally to 55 or higher.   

TLT - December Bonds: I now think the market will reach 123 before it heads lower.     

December 10 Year Notes: I now think the market will reach 120 before it heads lower. 

Euro-US Dollar: The trend in the euro is downward and I think the market is headed for 135. Resistance above the market is at 150.00. 

Dollar-Yen: The market should reach the 112.00 target soon. Support is now at 106.00. 

XLE - OIH - USO – October Crude: I think that the market is headed for 98. The 112 level is resistance. 

GLD - December Gold: Gold is headed for 700.  Resistance above the market is at 840. 

SLV - December Silver: Resistance is at 1390 and the next downside target is 1100. 

Google: Google is probably now headed for 375.