June S&P E-mini Futures: Today's range estimate is 1340-1356. I think the drop from 1373.50 ended yesterday at 1316. The next big swing should take the market over 1400.
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 market is headed for 137.00. Resistance is at 145.50. I still think it is likely that it will reach 150 and above during the next few months.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market now is at 82.45.
June Crude: It looks like the trend is downward. Support is at 94 and I think the market will rally to 106 or so before another down leg develops. That subsequent down leg should carry crude down to 88.
GLD – June Gold: Downside target is 1430. Resistance above the market is 1530. I think that gold will trade above 1600 during the next few months.
SLV - July Silver: Support in silver is at 31.50. The market should rally to 41.50 after hitting 31.50 support.
Google: 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.