June S&P E-mini Futures: Support beneath the market is still at
2427 and 2417. The ES will probably trade at 2500 and above later this year.
QQQ: Short term support is
at 136. This average is headed for 145.
TNX (ten year note yield): The 10 year yield has dropped to its 200
day moving average. I think this average will stop the decline in yields and
that a new up leg in yields will begin. Next upside target is 3.00%. A drop
visibly below this moving average would be a warning of danger for world stock
markets.
Euro-US Dollar: The ECB’s QE policy will ultimately drop
the Euro below par. The 113-117 zone is long term resistance.
Dollar-Yen: A new bull market is underway. Support now
is at 108. Upside target is 126-27 then 136
West Texas Crude Oil: Crude is in a bull market. Support
remains at 45, Next upside target is 62.
August Gold: Next
resistance is at 1305. I still think Gold is headed back to its 1035 low.
July Silver: Silver is headed for 13.00 and below.
Google: Upside target is 1010. Support is at 760.
Apple: AAPL
is on its way to 162.
Facebook: Support at 125. Next upside target is 160.
Twitter: Resistance at 20 is likely to stop any rally. A move back
above that level would have longer term bullish implications. Until then TWTR
is headed for 10.00.
Alibaba: I expect BABA to extend its rally to 135.
Visa: Next upside target is 105. Support is at 90.
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