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The S&P 500 Is Below Its 200-Day SMA At 1381.7.

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

10-Year Note - (1.615) Weekly, semiannual, quarterly and annual value levels are 1.803, 1.853, 2.109 and 2.502 with daily, monthly and semiannual risky levels at 1.548, 1.452 and 1.389.

Comex Gold - ($1732.2) Semiannual, monthly and annual value levels are $1643.3, $1639.8 and $1575.8 with daily and semiannual pivots at $1711.1 and $1702.5, and weekly and quarterly risky levels at $1739.7 and $1881.4.

Nymex Crude Oil - ($85.00) Monthly and semiannual value levels are $76.96 and $76.71 with daily and weekly pivots at $85.60 and $84.04, and my annual risky level at $103.58.

The Euro - (1.2747) My monthly value level is 1.2289 with daily and semiannual pivots at 1.2735 and 1.2917, and quarterly, weekly and annual risky levels at 1.3048, 1.3091 and 1.4239.

The major equity averages are below their 200-day SMAs at; 12,993 Dow Industrials, 1381.7 S&P 500, 2985 NASDAQ, 5132 Dow Transports, and 807.47 Russell 2000. Key monthly and weekly levels are 13,143 / 13,401 Dow Industrials, 1418.7 / 1435.3 S&P 500, 3001 / 3028 NASDAQ, 5053 / 5031 Dow Transports, and 807.15 / 812.45 / 836.15 Russell 2000. Annual value levels are 12,312 Dow Industrials, 1363.2 S&P 500, and 2698 NASDAQ. Weekly closes above or below five-week modified moving averages are key; 13,265 Dow Industrials, 1425.7 S&P 500, 3042 Nasdaq, 5063 Dow Transports, and 823.60 Russell 2000.

Daily Dow:(12,811) Annual and semiannual value levels are 12,312 and 10,738 with daily, monthly, weekly and annual and quarterly risky levels at 12,995, 13,143, 13,401, 14,032 and 14,192.

S&P 500 - (1377.5) Annual and semiannual value levels are 1363.2 and 1059.7 with daily, monthly, weekly, quarterly and annual risky levels at 1400.6, 1418.7, 1435.3, 1513.3 and 1562.9.

NASDAQ - (2896) Annual and semiannual value levels are 2698 and 2527 with daily, weekly, annual and semiannual value levels are 2949, 3001, 3028, 3232 and 3295.

Dow Transports - (5054) Monthly, weekly, and semiannual value levels are 5053, 5031, 4449 and 4129 with daily, quarterly and annual risky levels at 5177, 5541 and 5861.

Russell 2000 - (793.65) My semiannual value level is 686.25 with monthly, daily, weekly, and annual risky levels at 807.15, 807.89, 821.45 and 836.15.

The SOX- (368.80) Weekly, monthly and semiannual value levels are 356.73, 354.06 and 326.30 with daily and quarterly risky levels at 380.96 and 439.97.

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