June S&P E-mini Futures: It appears that yesterday’s late rally started a move which should carry into the 965-980 range. I estimate that today’s day session range will be 930-950. The 952 and 979 levels are strong, midpoint resistance.
QQQ: The next upside target is 39.90.
June Bonds: A bear market is underway in the bonds. Next downside target is 115.
June 10 Year Notes: I think a bear market in the notes is underway. Next downside target is 115.
Euro-US Dollar: There is no sign of a top. Support is at 137.50 and I think the market will continue upward to 144.00.
Dollar-Yen: The yen will probably drop to 91.50 and then begin a move up to 105.00.
July Crude: Crude has nearly reached the 69.00 target level. Support is at 64.00 and continuation up to 75.00 is likely.
GLD – June Gold: The market is headed for new highs near the 1050 level.
SLV - July Silver: Silver is headed to 1700.
Google: Support is at 390. Next upside target is 450.