June S&P Futures: I think that the 1289.25 low will hold and that the initial phase of a rally above 1330 is about to begin.
June Bonds: The bonds dropped to 107-05 this morning, a tad below the 107-08 target I cited in yesterday afternoon’s post. I think the next development will be a rally to 109-00.
June 10 Year Notes: The notes should hold 105-16 and then rally to 106-20.
US Dollar -Euro: The market is now in the third phase of its correction from 123.31. I am expecting a low near 119.90 and then a move up to 125.00.
May Crude: 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.
June Gold: Gold has reached my 605 target. The next big move will be downward.
May Silver: Silver has traded as high as 1301 but I think that resistance at 1272 will hold and that a big break lies just ahead.
Google: GOOG is on its way to 440 and I now believe that continuation up to 495 is also likely. Support is at 402.