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All Daily Charts For The Major Averages Are Overbought.

Jan. 16, 2013 6:25 PM ETTLT, GLD, XLE, DIA, QQQ, SPY
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10-Year Note - (1.824) Weekly, annual and semiannual value levels are 1.921, 1.981, 2.476 and 3.063 with daily, semiannual, monthly and quarterly risky levels at 1.803, 1.413, 1.349 and 1.027.

Comex Gold - ($1680.3) Monthly, weekly and annual value levels are $1673.8, $1657.5 and $1599.9 with semiannual, quarterly and annual risky levels at $1719.2, $1802.9 and $1852.1.

Nymex Crude Oil - ($94.16) My monthly value level is $74.23 with weekly and daily pivots at $93.28 and $94.28 and quarterly and annual risky levels at $95.84, $115.23 and $115.42.

The Euro - (1.3287) Semiannual and monthly value levels are 1.2797 and 1.2343 with annual and quarterly pivots at 1.3257 and 1.3334 and daily and weekly risky levels at 1.3390 and 1.3533.

The Dow Transport Average set another new all time closing high at 5643.84, as all daily charts become extremely overbought. To have a "Dow Theory Buy Signal" the Dow Industrial Average needs to have a new all time closing high above 14,164.53 set on October 9, 2007.

Daily Dow:(13,511) Monthly and annual value levels are 12,818, 12,696 and 12,509 with a daily pivot at 13,482 and quarterly, weekly and semiannual risky levels at 13,668, 13,827, 14,118 and 14,323.

S&P 500 - (1472.6) Quarterly, monthly and annual value levels are 1431.1, 1397.6, 1400.7 and 1348.3 with a daily pivot at 1369.6, and weekly and quarterly risky levels at 1506.8 and 1510.0.

NASDAQ - (3118) Quarterly, monthly and annual value levels are 3071, 2934, 2806 and 2790 with a daily pivot at 3122, and weekly, quarterly and semiannual risky levels at 3205, 3274 and 3583.

NASDAQ 100 (NDX) - (2735) Monthly, annual and semiannual value levels are 2610, 2463, 2385 and 2249 with daily, quarterly, weekly and quarterly 2740, 2798, 2817, 2920 and 3196.

Dow Transports - (5644) Annual, quarterly and monthly value levels are 5469, 5094 and 5012 with a daily pivot at 5627, and weekly, annual and semiannual risky levels at 5715, 5925 and 5955.

Russell 2000 - (882.31) Annual, quarterly, monthly and annual value levels are 860.25, 821.01, 813.37 and 809.54 with a daily pivot at 881.15, and weekly, quarterly and semiannual risky levels at 911.65, 913.92 and 965.51.

The SOX- (404.46) Quarterly, monthly and annual value levels are 371.62, 347.83 and 338.03 with a daily pivot at 401.63 and weekly, quarterly and semiannual risky levels at 415.08, 440.36 and 520.17. .

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