Spiders - June S&P E-mini Futures: The market has entered the 1350-75 zone. I think the S&P’s will reach 1360 or so before beginning a leg up to 1500. Resistance today is 1400.
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: Crude is on its way into the 112-115 zone. Resistance above the market is at 134.
GLD - August Gold: August gold has support at 880. I still think a move to 1000 or higher is underway but a close underneath this support will change my mind.
SLV - July Silver: I think the trend in silver is upward but a close below 1680 will change my mind.
Google: It looks like Google will drop to 515 or so before resuming its uptrend.