June S&P E-mini Futures: Today's range estimate is 1330-40. Yesterday's low should support a swing up to 1356. The market is headed for 1400 and above.
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: I think the euro will move up to 145.00.
Dollar-Yen: The dollar-yen has been stronger than I expected. Next resistance is 86.50. I still think that a drop to 70.00 lies dead ahead.
May 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: The 39.50 resistance level has been reached. The market is likely to stall here, but my best guess is that continuation up to 44.00 is likely.
Google: The 560 level is support. A move that should take GOOG above 700 is underway.
Apple: Next upside target is 410. Support is at 310.