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The NASDAQ Is Below Its 50-Day And 200-Day SMAs.

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

10-Year Note - (1.593) Semiannual and quarterly value levels are 1.853 and 2.109 with my weekly pivot at 1.612, and daily, monthly and semiannual risky levels at 1.548, 1.452 and 1.389.

Comex Gold - ($1694.6) Monthly, weekly and semiannual value levels are $1679.1, $1659.3 and $1643.3 with my semiannual pivot at $1702.5, and quarterly risky levels at $1844.9 and $1881.4.

Nymex Crude Oil - ($87.84) Monthly and semiannual value levels are $78.18 and $76.71 with daily and weekly pivots at $87.72 and $86.01, and annual risky level at $103.58.

The Euro - (1.3069) Weekly and monthly value levels are 1.2789 and 1.2203 with semiannual, daily and quarterly pivots at 1.2917, 1.3041 and 1.3048, and annual risky level at 1.4239.

Thanks to a 6.4% decline in the price of Apple Inc (NASDAQ:AAPL) ($538.79) the NASDAQ ended Wednesday below its 50-day and 200-day simple moving averages at 3012 and 2988. My new monthly value levels are; 12,826 Dow Industrials, 1378.6 S&P 500, 2893 NASDAQ, 4930 Dow Transports and 786.64 Russell 2000. My annual value level is 12,312 Dow Industrials with my annual pivot at 1363.2 S&P 500 and annual risky level at 836.15 Russell 2000.

Daily Dow:(13,034) Monthly, weekly, annual and semiannual value levels are 12,826, 12,465, 12,312 and 10,738 with a daily pivot at 12,960, and annual and quarterly risky levels at 14,032 and 14,192.

S&P 500 - (1409.3) Monthly, weekly, annual and semiannual value levels are 1378.6, 1354.5, 1363.2, and 1059.7 with a daily pivot at 1409.2, and quarterly and annual risky levels at 1513.3 and 1562.9.

NASDAQ - (2974) Monthly, weekly, annual and semiannual value levels are 2893, 2812, 2698 and 2527 with daily, annual and semiannual value levels at 3012, 3232 and 3295.

NASDAQ 100 (NDX) - (2638) Annual, monthly, annual and semiannual value levels are 2603, 2596, 2485, 2300 and 2239, with daily and quarterly risky levels at 2779 and 2950.

Dow Transports - (5120) Weekly, monthly, semiannual value levels are 5062, 4930, 4449 and 4129 with daily, quarterly and annual risky levels at 5152, 5541 and 5861.

Russell 2000 - (820.60) Monthly, weekly and semiannual value levels are 786.64, 778.06 and 686.25 with daily and annual risky levels at 828.26 and 836.15.

The SOX- (374.46) Weekly and monthly and semiannual value levels are 353.33, 326.94 and 326.30 with daily and quarterly risky levels at 377.49 and 439.97.

VE Morning Briefing - If you want expanded analysis of the US Capital Markets go to this link and sign up: http://www.valuengine.com/nl/mainnl?nl=D

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