June S&P Futures: The market closed back above the 1308.25 level yesterday and as long as that level holds today I shall believe that a swing up to 1330 has begun.
June Bonds: The bonds dropped lower than I expected but I think the 106-11 low on this morning’s news will hold and that a rally back to 108-00 is about to begin.
June 10 Year Notes: The 105-00 level is support today and another rally to 106-00 or so should start from there.
US Dollar -Euro: The market is on the way to the next upside target at 125.20.
June Crude: The upside target at the 74.30 level, the 7 5/8 multiple of the all time low at 9.75, has been reached and I think the market is about to drop substantially along with gold and silver.
June Gold: I looks like gold made its high at 649 and now is in the early stage of a drop to the 2 1/8 multiple of the 252 low which stands at 535.
May Silver: Silver is now in the third phase of a rally that will carry to 1350. After that I expect to see the market to drop to around 920 in a few weeks.
Google: Support is at 423 and I expect continuation up to 495 over the next few weeks.