June S&P Futures: I still think the market will drop to 1297 or so and then move to 1328.
June Bonds: The bonds didn’t hold support at 110-30 but I think they will hold the 110-14 level and then rally to 111-28. I think the market is on its way into the 107-108 zone over the next few months.
June 10 Year Notes: The notes should rally to 107-30. After that the drop to 104 will resume.
Cash US Dollar -Euro: Resistance at 120.80 was hit this morning in the third phase of a clear, three phase rally. I now expect a break to 118.90. After that a move to 125.00 becomes likely.
May Crude: The 65.30 level is resistance. After that is hit 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 to 574. It is acting noticeably weaker than silver so I think the bull market here is on its last legs.
May Silver: Silver can make it up to 1108 before a substantial drop begins.
Google: I am convinced that GOOG is on its way to 405 and then to 440 although a move to 495 no longer seems likely. Support is at 356.
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