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.
good morning CARL,
ReplyDeletecan you explain, please, what makes you so bullish about EQUITY market???
You are goood trader, but I think
you are tooooo bullish, similiar to last YEAR APRIL and SEPTEMBER,OCTOBER action. I think, we are at the EDGE of biggest decline in years.
INGRID