June S&P E-mini Futures: Support today is at 2696. From there a swing up to 2807 is likely to start. My ultimate upside target is 3100 later this year.
QQQ: Support is 158 and the upside target is 180.
TNX (ten year note yield): Next upside target is 3.20%. I think this is good news for the stock market because it means that confidence in future growth is being restored. This in turn means that investors will try to put the huge supply of central bank liquidity to work in risky assets. This process will drive world wide stock market prices higher.
Euro-US Dollar: Support at 119 has failed. This makes it likely the Euro bear market has resumed. Ultimately it is likely to carry the Euro back down to its 103 low.
Dollar-Yen: Resistance at 108 has failed. This makes a swing up to 117 likely.
West Texas Crude Oil: Support is at 59. The upside target is 74.
Gold: The 1295 level is support. Upside target is 1390.
Silver: Resistance is at 18.50. Silver is headed for 13.00 and below.
Google: GOOG is headed for 1250.
Apple: AAPL is headed higher to 198 and above.
Facebook: Facebook’s low at 149 is likely to hold for quite a while. I think FB is on its way above 195.
Twitter: TWTR reached the initial 34-36 target zone. Support is at 26. I expect TWTR to move up to 48.
Alibaba: BABA should rally to 215 over the coming weeks.
Visa: Headed for 135.