Spiders - June S&P E-mini Futures: The market is on the way down into the 1350-75 zone. Resistance above the market today is again at 1410. After the reaction has been completed I expect to see a rally which will take the S&P’s to 1500.
QQQ: I think a drop to support at 46.50 is underway.
TLT - June Bonds: I think the bonds are on the way down to 112. Resistance is at 117-28. 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: Resistance is still at 158.00. I think the market is on its way to 140.
Dollar-Yen: The yen is headed for 112.00. Support is now at 101.15.
XLE - OIH - USO – July Crude: I still think crude will reach 136 before a break of at least 10 dollars develops.
GLD - June Gold: June gold is headed back to 1000 and possibly to the 1060 level.
SLV - July Silver: I think the trend in silver has turned upward and that a move to 2000 is underway.
Google: It looks like Google will drop to 515 or so before resuming its uptrend.