June S&P Futures: Yesterday’s late break means that the market is headed for 1300. Resistance today is at 1316. I still think that the market will reach the 1350 level in a month or so.
June Bonds: Support in the bonds today is at 105-20. I think the next big move will be a rally to 107-12.
June 10 Year Notes: Support today is at 104-20 but I think the next big move will be upward to 106-00.
Euro-US Dollar: The market is stalling at 126.50 resistance and I think the next big move should carry from here to below 116.
Dollar-Yen: The market reached my downside target at the 112.50 level. The next big move in the dollar-yen will be upward. Resistance today is at 114.30.
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 on its way below $60.
June Gold: Any drop below 655 support will indicate the start of a move below the 600 level. In the meantime resistance above the market is at 687.
July Silver: I think silver has started a move to 920 or so. Resistance above the market is at 1445.
Google: It looks like the drop from 455 is only the first phase of a three phase correction. I expect a rally into the 425-430 zone and then another drop to 360 or so. I still think GOOG will make it to 495 before it drops below 331.