June S&P E-mini Futures: Today’s range estimate is 1896-1906. The ES has moved above 1900 on the fourth day of a largely uncorrected swing upward. A 10-20 point break is the next likely development but a move up to 1963 is likely over the coming weeks
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 euro is headed for 1.42. The euro is starting to sag beneath 1.3670 support but I am not yet convinced that it has been broken. Dollar-Yen: The dollar-yen is headed for 107.00.
July Crude: A close above the 104.48 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.Downside target is 1210.
July Silver: Resistance above the market is at 20.25. Silver is headed for 13.00.
Google: Googl has moved above the two important resistance levels I have been watching at 538 and 555 so I conclude that it is now headed for 620 and higher.
Apple: AAPL has reentered and slightly exceeded my 600-610 target zone. But I still think a drop to 540-550 is imminent.