June S&P Futures: I now believe that the market will drop to 1293 or so before moving up to 1328.
June Bonds: The market should soon break below 108-00. Meantime resistance today is at 109-18.
June 10 Year Notes: Next downside target is 105-16. Resistance is at 106-15.
US Dollar -Euro: The market should stall near today’s high which so far is 122.51 and then head down to 118.90 or so. After that a move to 125.00 becomes likely.
May Crude: 66.95 is still resistance and 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: I think gold has a good shot at 605. Meantime 584 is support.
May Silver: Support at 1140. Upside target is 1205 after which I anticipate a big drop.
Google: I am convinced that GOOG is on its way to 410 and then to 440 although a move to 495 no longer seems likely. Support is at 383.
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