June S&P Futures: The market is on its way to 1325. Support today is at 1304.
June Bonds: There is still a good chance that the bonds will reach the 111-16 level after a reaction that started from yesterday’s high is complete. I think the market is on its way into the 107-108 zone over the next few months.
June 10 Year Notes: The notes have nearly reached resistance at 107-12 and I think the next big swing from here will be downward. I think notes will reach 104 or so in a few months.
Cash US Dollar -Euro: The market has reached the initial target of 121.10 on the news this morning. Strength past there will imply continuation up to 125.00.
May Crude: The upside target for this rally is now 66.20. I still think that over the next few months the market will drop to 52.00 or lower.
April Gold: I now think gold is headed for 598 or so after having completed a three phase drop to 534.
May Silver: I now think that silver is headed for 1095.
Google: Google should hold 338 and then rally to 358 or higher. I am still convinced that the next significant development will be a rally to 405 and then to 495.
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