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The Major Equity Averages Straddle Their Monthly Pivots.

|Includes:DIA, GLD, QQQ, SPY, iShares 20+ Year Treasury Bond ETF (TLT), XLE

10-Year Note - (1.727) Weekly, semiannual, quarterly and annual value levels are 1.779, 1.853, 2.109 and 2.502 with a monthly pivot at 1.681, and daily and semiannual risky levels at 1.625 and 1.389.

Comex Gold - ($1783.7) Semiannual, monthly and annual value levels are $1702.5, $1643.3, $1606.0 and $1575.8 with a daily pivot at $1793.0, and weekly and quarterly risky levels at $1848.5, $1844.9 and $1881.4. Set a new 2012 high at $1798.1 on Friday.

Nymex Crude Oil - ($89.87) My semiannual value level is $76.71 with daily and monthly pivots at $90.48 and $91.34, and weekly, annual and quarterly risky levels are $95.29, $103.58 and $107.63.

The Euro - (1.3027) Daily, semiannual and monthly value levels are 1.2961, 1.2911 and 1.2589 with a quarterly pivot at 1.3048, and weekly and annual risky levels at 1.3316 and 1.4239.

The major equity averages straddle monthly and weekly value levels, pivots and risky levels at; 13,506 / 13,606 Dow Industrials, 1468.0 (tested on Friday) / 1474.6 S&P 500, 3210 / 3224 NASDAQ, 4859 / 5049 Dow Transports and 827.70 / 836.15 / 871.10 Russell 2000. Industrials, S&P 500, NASDAQ & Russell 2000 have positive but overbought weekly chart profiles. Dow Transports has a neutral weekly chart profile. The SOX has a negative weekly chart profile. Annual value levels are 12,312 Dow Industrials, 1363.2 S&P 500, and 2698 NASDAQ with an annual pivot at 836.15 Russell 2000 and quarterly risky level at 5541 Dow Transports.

Daily Dow:(13,610) Annual and semiannual value levels are 12,312 and 10,738 with monthly, daily and weekly pivots at 13,506, 13,570 and 13,606, and annual and quarterly risky levels at 14,032 and 14,192. The QE3 high is 13,661.87 on October 5.

S&P 500 - (1460.9) Annual and semiannual value levels are 1363.2 and 1059.7 with a daily pivot at 1457.4, and monthly, weekly, quarterly and annual risky levels at 1468.0, 1474.5, 1513.3 and 1562.9. The QE3 high is 1474.51 on September 14.

NASDAQ - (3136) Annual and semiannual value levels are 2698 and 2527 with a daily pivot at 3135, and monthly, weekly, annual and quarterly risky levels at 3210, 3224, 3232 and 3295. The QE3 high is 3196.93 on September 21.

Dow Transports - (5046) Monthly and semiannual value levels are 4859, 4449 and 4129 with daily and weekly pivots at 5001 and 5049, and quarterly the QE3 high is 5231.15 on Sept 14.

Russell 2000 - (842.86) Monthly and semiannual value levels are 827.70 and 686.25, annual and daily pivots at 836.15 and 841.98, and weekly, quarterly and annual risky levels at 871.10, 911.28 and 969.09. The QE3 high is 868.50 on Sept 14.The all time high is 868.57 set on May 2, 2011 was nearly tested on Sept 14, 2012.

The SOX- (383.28) Semiannual value level is 326.30 with daily, weekly and monthly pivots at 385.10, 383.39 and 385.39, quarterly risky level at 439.97. The QE3 high is 410.82 on September 14.

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Stocks: TLT, GLD, XLE, DIA, QQQ, SPY