June S&P E-mini Futures: I now think that the drop from 1336 ended yesterday at 1290.25. Today's range estimate is 1300-1313. The ES is headed for 1400 and above.
QQQ: Upside target is 63.00.
TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.
TNX (ten year note yield): The 10 year yield is headed for 4.50%.
Euro-US Dollar: The euro has reached 145.00 but I see no sign yet of a top. Support is now at 142.50. Next upside target is 149.00.
Dollar-Yen: I think the rally in the dollar-yen is over. The market is now headed down to 70.00.
June Crude: The 112 target has been reached. I expect a lot of hesitation here if not a significant reversal. In the meantime support is at 104.
GLD – June Gold: The 1495 target has been reached but I see no sign of a trend reversal. Support is at 1410 and the next upside target is1560.
SLV - May Silver: Continuation up to 44.00 is likely.
Google: GOOG is headed for support at 495 from which point the move to 700 and above will resume.
Apple: Next upside target is 410. Support is at 310.