June S&P E-mini Futures: Today’s range estimate is 1850-62. I now
believe the ES is headed above 1892.
QQQ: Upside target is
95.00.
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.
June Crude: Crude
has spent several days trading mostly above 103 resistance but so far has not
spent much time trading above its last high at 104.48. A close above that high
would mean the market is headed for 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 510, now seems likely. If it happens AAPL will be
headed for 300 or lower.
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