June S&P E-mini Futures: Today's day session range estimate is 1373-1383. Yesterday's strong rally coming immediately on the heels of Tuesday's big drop means that 1352.50 ended the corrective swing down from 1419.75. A move to new highs is now underway.
QQQ: Next upside target is 70.00.
TNX (ten year note yield): The 10 year yield has drifted back into its recent multi-month trading range but I think support at 1.95% will hold. I still think that the 10 year yield has started a move to 3.00%.
Euro-US Dollar: The Euro has rejected the 1.3300 resistance level. The market is headed for 1.2600.
Dollar-Yen: Support is at 81.00. As long as the yen doesn't spend more than a day or two below that level I will stick with my view that it is headed up to 90.00
May Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – June Gold: Gold will probably drop to 1585. A move to 2100 is underway.
SLV - May Silver: I think silver is headed for 50.00. The 31.50 level is now support.
Google: Google is now headed for its 2007 top near 750. Next upside resistance above the market is at 662. Support at 635 has been broken but I think the 615 level will hold.
Apple: Resistance now is at 650 and support at 610.