Spiders - June S&P E-mini Futures: I think this market is on its way to 1410 and eventually to 1430-40 in a month or so. My e-mini stop is now at 1453, below the ½ retracement for the rally from 1325. Support now is at 1365.
QQQ: A rally to 47.50 is underway.
TLT - June Bonds: I think the bonds are on the way down to 112. I think TLT will drop to 88.
June 10 Year Notes: I think the notes are on the way down to 112.
Euro-US Dollar: I now looks like the euro is about to step up into the 1.61-1.62 zone, but I also think that the market is at strong, long term resistance and that the next move will be downward to 1.40.
Dollar-Yen: It now looks like the low at 95.76 will hold. Next upside target is104.00. Support is at 99.00. T
XLE - OIH - USO – May Crude: Crude closed well past the 112.50 level so I think 119.00 will be the next stop. Support in the mean time is at 106.00
GLD - June Gold: The market should be headed for the 750-80 range. Resistance is still at 940.
SLV - May Silver: It looks like the silver is headed for 1550 or so. The high at 1875 probably marked the end of the rally from 1632.
Google: Google now has support at 460. I think a big move upward is underway. Next short term upside target is 550.