June S&P E-mini Futures: Today’s range estimate is 1884-1898. The
odds favor a rally above 1900 before any drop of as much as 30 points develops.
QQQ: Upside target is 94.
TNX (ten year note yield): I think the market will move to 3.50%
over the next few months.
Euro-US Dollar: I expect this reaction to end at a
higher low near 1.36.
Dollar-Yen: The dollar-yen is headed for 107.00.
May Crude: Resistance
above the market is at 103. Downside target is 92 but I think that may well be
only the first stopping point in a bigger decline.
June Gold: Support
at 1310 has failed. This means that gold is headed for 1050.
May Silver: Support is at 20.00 has failed. Silver is
headed for 13.00.
Google: Support is at 1075
and if this fails a drop to 900-950 is likely.
Apple: A
drop below its 200 day moving average, currently at 502, would be very bearish.
Whether or not AAPL can make it to 600 before dropping below that moving
average will depend on whether or not the trend in the general market had
turned downward.
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