June S&P E-mini Futures: I think a drop of at least 110-150 points
is underway. Today’s range estimate is 1815-1834.
QQQ: Downside target is
83.50. More weakness than that would probably break the 200 day moving average which
would be a very bearish development.
TNX (ten year note yield): I think the market will move to 3.50%
over the next few months.
Euro-US Dollar: The reaction is over and the euro is
headed for 1.42.
Dollar-Yen: The dollar-yen is headed for 107.00.
May Crude: If
crude spends a day trading above 103 resistance I will look for continuation up
to 111.
June Gold: Resistance
above the market is at 1320. A couple of closes above there would turn me
bullish. .
May Silver: Resistance above the market is at 20.25.
A couple of closes above there would turn me bullish.
Google: Support is at 538
and if this fails a drop to 450-475 is likely.
Apple: AAPL
has been acting weaker than the market during 2014. A drop below its 200 day
moving average, currently at 506, now seems likely. If it happens AAPL will be
headed for 300 or lower..
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