June S&P Futures: The market should reach support at 1296 soon and then rally to new highs.
June Bonds: The overnight low at 107-17 should hold for a few days and the bonds should rally to at least 108-16.
June 10 Year Notes: The overnight low near 105-20 should hold for a few days and the notes should rally to 106-08.
US Dollar -Euro: The market should rally from 121.00 to 122.10. At the moment I can’t decide whether this will be the start of a move up to 125.00 or just the second phase of a three phase correction from 123.31.
May Crude: The market will rally to 68.80 before turning lower. The next significant move will be downward to 56.80-57.20. I think that over the next few months the market will drop to 52.00 or lower.
June Gold: Gold has nearly reached my 605 target. The next big move will be downward.
May Silver: Silver has exceeded all my upside targets. Next resistance is at 1272. the 3 5/8 multiple of the 1991 low at 351.
Google: I am convinced that GOOG is on its way to 440 although a move to 495 no longer seems likely. Support is at 398.