June S&P E-mini Futures: Today's range estimate is 1197 - 1207. It looks like the ES will drop 30 points or more from the 1210-15 target zone.
QQQ: The 50.00 target has been reached and a drop to 48. 80 or so is now likely.
TYX (thirty year bond yield): I think this market is headed for 5.40%.
TNX (ten year note yield): I think that the market has begun a swing up to 4.50%.
Euro-US Dollar: Support is near 131.00. Resistance above the market is at 141.00. Looking further ahead I think that a drop to 125 is likely over the coming months.
Dollar-Yen: A rally to 100.00 is underway. Support is at 90.00.
May Crude: The market has moved visibly above resistance but I still think the next big move will take it to 50.00.
GLD – June Gold: The longer term trend has turned downward. I expect gold to drop to 875 over the next few months.
SLV - May Silver: I think silver has started a down move that will carry it to 10.00 over the next few months. Resistance is now 18.30.
Google: A move that should take GOOG above 700 is underway. 560 is support.