June S&P E-mini Futures: Today's range estimate is 1330-1342. I think that a sustained up swing to 1400 and above is underway.
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 no longer think the Euro is headed for 137.00. Instead I believe the 139.68 low will hold and that the market is headed back to 150 and higher. The midpoint of the drop from 149.38 is 144.53 and this will probably act as temporary resistance.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 82.45.
July 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 – August Gold: Gold appears on its way to new highs. Upside target is 1630. Support is at 1430.
SLV - July Silver: Resistance in silver is 41.50. An strength above 43.00 would mean that the market is headed above 50.00.
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.