June S&P Futures: The S&P’s are on their way to 1231. Resistance today is 1275.
September Bonds: Bond are on the way to 108-20. Support today is 106-06. Over the next few weeks the market should reach the 110-111 zone.
September 10 Year Notes: The notes are on the way to 106-08. Support today is 105-10. Over the next few weeks I expect the market to rally into the 107-108 zone.
Euro-US Dollar: The market is again trading well below 129.20 resistance so I conclude that a move to 125.70 is underway. This should be only the first stage of an extended drop.
Dollar-Yen: The yen is again trading well above the 111.70 level so I think it is now headed for 114.40. The market is in the early stage of a move to 130.
July Crude: The market has dropped back to the 71.80 level which is now short term support. A break below 71.80 would force me to give up my current 74.20 target. In any case crude should be trading at 66.50 in a couple of weeks.
August Gold: The market is headed downward to temporary support at 610. Downside target over the next few weeks remains the 2 and 1/8 multiple of the 252 low which stands around the 535 level.
July Silver: The market is on its way to 1070. The 935 level should be reached in a couple of months.
Google: I think Google will drop to 344 and then rally into the 450-500 range this summer.
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