June S&P E-mini Futures: Contrary to my expectation Monday's low at 1113 was broken by 8 points in Asian trading last night. My range estimate for today is 1100-25. I still think that last week's low at 1056 ended the correction from 1216. Strength above 1120 would be very bullish.
QQQ: A move up to 54.00 will be the next big swing.
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: The market is starting to stabilize. The 131 level is resistance. Support is at 122. I think a move to 140 will begin from current levels.
Dollar-Yen: A rally to 100.00 is underway. Support is at 90.00.
July Crude: I still think the next big move will take crude oil to 50.00.
GLD – June Gold: The odds are that the market will continue upward to 1320. I still expect to see 875 before 1400.
SLV - July Silver: I now think silver will rally to 21.50 and then begin a move to 10.oo.
Google: The 495-505 zone is support. A move that should take GOOG above 700 is underway.
Apple: Should reach 350 (at least) before the bull market ends. Support is at 240.