June S&P Futures: I still think the market will drop to 1297 or so and then move above 1320.
June Bonds: The bonds are headed downward. Resistance today is still at 111-08. I think the market is on its way into the 107-108 zone over the next few months.
June 10 Year Notes: The notes are headed downward from here. I think notes will reach 104 or so in a few months.
Cash US Dollar -Euro: A bounce from 119.60 is likely but probably will only be 100 points or so. This is still only the first phase of a drop from 122.07 and the third and final phase will probably reach 118.90. Once all three phases are complete I think the market will move to 125.00.
May Crude: I thought the rally would stop at 63.25 resistance but it went a full dollar higher. Even so, the next significant move will be downward to 56.80-57.20. I think that over the next few months the market will drop to 52.00 or lower.
April Gold: I now think gold will only rally close to its February top at 579. It is acting noticeably weaker than silver so I think the bull market here is on its last legs.
May Silver: I think that silver is headed for 1095.
Google: I expect support at 334 to hold and after that Google should rally to 358 or higher. I am still convinced that continuation up to 405 and then to 495 is very likely.
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