June S&P E-mini Futures: Support today is still at 2060-65. The ES
is on track to move above last year’s 2134 high over the next few months.
QQQ: The 112 level is
resistance but the Q’s are headed eventually to 120. Support now is at 106.
TNX (ten year note yield): We probably have seen the low 10 year
yield for the year. I think that the 10 year yield will reach 3.00% during the
next 12 months.
Euro-US Dollar: The market is headed lower. Downside
target is 0.96 over the coming months.
Dollar-Yen: A bear market is underway. The dollar-yen reached its first downside
target at 108 and then rallied into the 111-113 resistance zone, stopping at
111.82. The next leg down should carry to 104.
June Crude: The market is starting to move past
resistance at 45. If it should spend a full day above this level it will become
likely that a new bull market has begun.
June Gold: A
new bull market has begun in gold. The next upside target is 1315. Support is
1205.
July Silver: I think the bear market in silver is over. Resistance
now is at 18.00.
Google: Support is 675.
Apple: APPL
has probably made its low near 92 and is now headed for 134 and possibly
higher.
Facebook: Resistance at 120 has been reached but FB has also staged an
upside breakout from a trading range so I think continuation up to 125-127 is
likely.
Twitter: Twitter should drop to 10.
Alibaba: Now headed back to 86.
Visa: Support is at 70. Upside target is 90-95.
