June S&P E-mini Futures: Today’s range estimate is 1856-72. I
believe the ES is headed above 1892. Should the market instead start accepting
prices below 1850 I will conclude that it is headed for 1800 or lower.
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
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. In the meantime I am sticking with my
bearish stance.
June Gold: Resistance
above the market is at 1320 and gold has now broken below its March low.
Downside target is 1210.
May Silver: Resistance above the market is at 20.25. Silver
is headed for 13.00.
Google: Support is at 538
and if this fails a drop to 450-475 is likely.
Apple: AAPL
rallied strongly on earnings/stock buyback news. This will provide a good test
of bullish convictions. Support is at 530 and as long as it holds AAPL should
rally to 600 before turning lower once more.
No comments:
Post a Comment