Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Close, but no new Dow Theory Buy Signal!

|Includes:DIA, DUG, GLD, iShares 20+ Year Treasury Bond ETF (TLT)
The yield on the 10-Year note tested 3.395 on Monday with my semiannual value level at 3.479. Comex Gold is between this week’s value level at $1377.4 and my monthly risky level at $1443.5. Nymex Crude oil should continue to trade around my weekly pivot at $88.76 this week. The euro moved above my quarterly pivot at 1.3318 on Monday. The Dow Industrial Average needs to close above 11,444.08 to confirm another Dow Theory Buy Signal, and a close above this week’s pivot at 11,467 signals a year end MOJO run. This week’s risky levels / pivots are 1242.9 SPX, 2643 NASDAQ, 5141 Transports, 770.13 Russell 2000, and 428.02 Sox.
 
10-Year Note – (3.288) Daily and semiannual value levels are 3.362 and 3.479 with a weekly pivot at 3.176, and annual pivots at 2.999 and 2.813, and quarterly, semiannual and monthly risky levels at 2.265, 2.249 and 1.949.
 
Courtesy of Thomson / Reuters
 
Comex Gold – ($1394.6) Weekly, Quarterly, semiannual and annual value levels are $1377.4, $1306.4, $1260.8, $1218.7 and $1115.2 with a daily pivot at $1404.8, and monthly risky level at $1443.5.
 
Courtesy of Thomson / Reuters
 
Nymex Crude Oil ($88.27) Semiannual, annual and monthly value levels are $83.94, $77.05 and $75.50 with a weekly pivot at $88.76, and daily, semiannual and annual risky levels at $90.05, $96.53 and $97.29.  
 
 
Courtesy of Thomson / Reuters
 
The Euro – (1.3389) Weekly and monthly value levels are 1.3227 and 1.2500 with my quarterly pivot at 1.3318, and daily and semiannual risky levels at 1.3466 and 1.4733.
 
Courtesy of Thomson / Reuters
 
Daily Dow: (11,429) Semiannual, annual, monthly and quarterly value levels are 10,558, 10,379, 10,325 and 8,523 with annual and semiannual pivots at 11,235 and 11,296, and weekly and daily risky levels at 11,467 and 11,517. The Dow Industrial Average needs a close above 11,444.08 to confirm another Dow Theory Buy Signal. If not the Dow risks a double-top below 11,500 instead.
 
Courtesy of Thomson / Reuters
 
That’s today’s Four in Four. Have a great day.
 
Richard Suttmeier
Chief Market Strategist
ValuEngine.com, (800) 381-5576
 
Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our products and services visit www.ValuEngine.com
 
As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. I have daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go HERE to review sample issues and find out more about my research.
 
“I Hold No Positions in the Stocks I Cover.”


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Stocks: TLT, GLD, DUG, DIA