June S&P E-mini Futures: Today's range estimate is 1303-18. I think this correction will end in the vicinity of 1300. If it doesn't then 1270 will be the next stop.
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 nearly reached 145.00 Friday but I see no sign yet of a top. Support is now at 142.50. Next upside target is 147.00.
Dollar-Yen: The dollar-yen has been stronger than I expected. Next resistance is 86.50. I still think that a drop to 70.00 lies dead ahead.
May 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: A move to new highs is underway. 1495 is the next upside target.
SLV - May Silver: Continuation up to 44.00 is likely.
Google: The 560 level is support. A move that should take GOOG above 700 is underway.
Apple: Next upside target is 410. Support is at 310.
