Spiders - June S&P E-mini Futures: My e-mini stop remains at 1358, below the ½ retracement for the rally from 1325. Support is at 1365. I think this market will soon hit 1410 and will probably continue up to 1430 over the next week.
QQQ: The Q’s reached the 47.50 level last week and I think the market will soon reach the 50-51 zone.
TLT - June Bonds: I think the bonds are on the way down to 112. I think TLT will drop to 88.
June 10 Year Notes: I think the notes are on the way down to 112.
Euro-US Dollar: I still think the euro will move into the 161-162 zone, but I also think that the market is at strong, long term resistance and that the next big move will be downward to 140.
Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.
XLE - OIH - USO – June Crude: The 119.00 level is strong resistance and I think a drop to 106.00 or so is imminent.
GLD - June Gold: The market should be headed for the 750-80 range. Resistance is still at 940.
SLV - July Silver: It looks like the silver is headed for 1550 or so.
Google: Google now has support at 510. I think a big move upward is underway. Next short term upside target is 590.