June S&P E-mini Futures: Today's day session range estimate is 1367-1383. It looks like the overnight high at 1390 ended the rally from 1352.50. If the market starts spending time below 1370 I will conclude that the 1352.50 low will be broken and that the ES is headed for 1320-1330. In any case I still think this is a bull market and that the ES will move well above 1419.75 before it ends.
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
June 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. Support is at 590.
Apple: Resistance is at 650 and support is now at 575.