June S&P Futures: I think that the 1289.25 level will hold and that the initial phase of a rally above 1330 is about to begin.
June Bonds: I still think the bonds are likely to drop to 106-24 before a substantial rally starts. Resistance today is at 107-20.
June 10 Year Notes: The notes should hold support at 105-08 and then rally at least to 106-00.
US Dollar -Euro: The market is now headed for 123.80 and then to 125.00.
May Crude: The market is headed for 74.30, the 7 5/8 multiple of the all time low at 9.75.
June Gold: Gold has moved significantly above the 598 level which is the2 3/8 multiple of the 252 low. I now expect the market to rally to the 2 5/8 multiple at 661.
May Silver: Silver moved well above 1272 resistance overnight so I now believe that the market is headed for the 4 1/8 multiple of the 351 low which is at 1448.
Google: GOOG is on its way to 440 and I now believe that continuation up to 495 is also likely. Support is at 402.