June S&P Futures: After my last S&P post the market pulled a U-turn and broke below 1309 support. I think it has a good chance to hold 1303. In any case I don’t think the swing up from the February 6 low at 1265 will end before we see 1350.
June Bonds: The bonds are now headed downward. Resistance today is t 111-08. I think the market is on its way into the 107-108 zone over the next few months.
June 10 Year Notes: The notes are headed downward from here. I think notes will reach 104 or so in a few months.
Cash US Dollar -Euro: I think the market will bounce up to 121.60 and then drop to 120.20. After that I expect a move to 125.00.
May Crude: The market is now headed down to 56.80-57.20. I still think that over the next few months the market will drop to 52.00 or lower.
April Gold: I still think gold is headed for 598. It is acting noticeably weaker than silver so I think the bull market here is on its last legs.
May Silver: I now think that silver is headed for 1095.
Google: I expect support at 334 to hold and after that Google should rally to 358 or higher. I am still convinced that continuation up to 405 and then to 495 is very likely.
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