June S&P E-mini Futures: Today's range estimate is 1375-90. Should the market start spending time below 1375 I would then conclude that the 1352.50 low will be broken in the course of a drop to 1320-30.
QQQ: Upside target is now 72.50.
TNX (ten year note yield): The 10 year yield has drifted back into its recent multi-month trading range. 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: The yen has decisively broken below support at 81.00. This means that the market is headed for 75 and lower.
June Crude: An extended upswing is underway. Support is at 100.
GLD – June Gold: Gold will probably drop to 1585. A move to 2100 is underway.
SLV - July Silver: I think silver is headed for 50.00. The 31.50 level was broken and now 18.50 looks like support.
Google: Google is now headed for its 2007 top near 750. Support is at 590.
Apple: Since the ES appear to have established its reaction low I now think that AAPL will hold its 555 low. After a period of sideways action Apple should then move above the 700 level.