June S&P E-mini Futures: A smaller drop in payrolls than expected sent the e-minis up as high as 957.50 as I write this. I estimate today’s daytime range will be 948-965. The 979 level is midpoint resistance and a drop of 50 points or so is likely to begin from a temporary high in that vicinity.
QQQ: The next upside target is 39.90.
September Bonds: A bear market is underway in the bonds. Next downside target is 113.
September 10 Year Notes: I think a bear market in the notes is underway. Next downside target is 113.
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 – August 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.