June S&P Futures: Switching to the June contract today. I think the market made it low yesterday at 1279.25 and will now rally to 1325.
June Bonds: The bonds are on the way down to the 110-00 to 08 zone. The second upward phase of the rally to 111-16 still lies ahead. I think the market is on its way into the 107-108 zone over the next few months.
June 10 Year Notes: Support is still at 106-12 and I think the notes will rally to 107-12 or so over the next few days. I think notes will reach 104 or so in a few months.
Cash Eurocurrency: The next downside target is 116.70. A drop to 113 and below is underway.
April Crude: Downside target is the 56.80 to 57.20 zone. Crude is headed for 52.00 and eventually lower than that.
April Gold: I think a lower top was made at 572 and that the market is now headed for 512.
May Silver: Silver is headed for 850. Resistance today is at 998.
Google: Support today is 351 and the next significant development will be a rally to 405 and then to 495.
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