June S&P E-mini Futures: I now think that the drop from 1336 ended at the April 14 low of 1298.25. Only weakness today below 1308 would change my mind about this. Today's range estimate is 1309-1321.
QQQ: Upside target is 63.00.
TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.
TNX (ten year note yield): The 10 year yield is headed for 4.50%.
Euro-US Dollar: The euro has reached 145.00 but I see no sign yet of a top. Support is now at 142.50. Next upside target is 149.00.
Dollar-Yen: I think the rally in the dollar-yen is over. The market is now headed down to 70.00.
June Crude: The 112 target has been reached. I expect a lot of hesitation here if not a significant reversal. In the meantime support is at 104.
GLD – June Gold: A move to new highs is underway. 1495 is the next upside target.
SLV - May Silver: Continuation up to 44.00 is likely.
Google: The 560 support level was broken decisively Friday. GOOG is headed for support at 495 from which point the move to 700 and above will resume.
Apple: Next upside target is 410. Support is at 310.
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