June S&P E-mini Futures: The rally from the February 24 low has recovered a bit more than half of the drop from the January 4 top. But there is still a lot of bearish sentiment evident. This combination is good reason to think that the drop from the January 4 top ended at the February 24 low. New all-time highs lie ahead.
QQQ: Resistance at 350 has been reached but will probably fail. Next resistance above the market is at 378.
TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. First stop is 2.00% which has now been reached. Next stop is the 2.50% level.
Euro-US Dollar: Support is 107.80. Resistance is 111.75.
Bitcoin: Resistance above the market is 44,000. Support is 31,000.
West Texas Crude Oil: Support at 103 failed and this makes a swing as high as 147 unlikely. The 94 level is support and from there a rally as high as 112 would be the most one can expect on the upside.
Gold: Support at 1960 failed and a drop to 1840 is underway.
Silver: No idea where silver is headed next.
Apple: Upside target is still 200. Support is 125.
Alibaba: BABA reached 75 support. Resistance is 110 then 125.
Amazon: Support is 2500. Upside target is 3800.
Facebook: Support was not reached, a bullish indication. Resistance is 235.
Google: Next upside target is 3300. Support is now 2400.
Netflix: Support now is 350.
Tesla: Downside target at 700 was reached. A big upswing above 1000 has begun.
Twitter: Downside target is 25.
Visa: Upside target is 250. Support still 195.
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