June S&P E-mini Futures: Resistance above the market stands in the 2105-10 zone. 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 108.
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: It looks like a new bear market has started. The dollar-yen has reached its first downside target at 108. A rally to 111-113 is likely if 108 can hold.
May Crude: Resistance is at 45. A move above that level will make it likely that a new bull market in crude oil is underway.
June Gold: A new bull market has begun in gold. The next upside target is 1315. Support is 1205.
May 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 is now 120. Support is 95.
Twitter: Twitter should drop to 10.
Alibaba: Now headed back to 86.
Visa: Support is at 70. Upside target is 90-95.