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The Key Level For Month End / Quarter End Is 1566.9 On S&P 500.

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

10-Year Note - (1.909) Weekly, annual, and semiannual value levels are 1.975, 1.981, 2.476 and 3.063 and daily, monthly and semiannual risky levels at 1.830, 1.796 and 1.413.

Comex Gold - ($1599.3) My weekly value level is $1559.9 with my annual pivot at $1599.9 and daily, semiannual, monthly, quarterly and annual risky levels at $1619.1, $1719.2, $1737.6, $1802.9 and $1852.1.

Nymex Crude Oil - ($96.25) My weekly value level is $92.23 with daily and quarterly pivots at $94.92 and $95.84, and monthly and annual risky levels at $95.84, $98.23 and $115.23.

The Euro - (1.2858) My semiannual value level is 1.2797 with daily and weekly pivots at 1.2841 and 1.2911, and monthly, annual and quarterly risky levels at 1.3249, 1.3257 and 1.3334.

With stocks overvalued fundamentally and overbought technically the most important level is my semiannual risky level at 1566.9 on the S&P 500, which is below the all time high at 1576.09. A weekly / monthly / quarterly close above these levels on Thursday puts the focus on my semiannual risky level at 965.51 on the Russell 2000. Closes above all three levels indicates that this market gets more overvalued and more overbought in the second quarter. The initial downside without this breakout is to my semiannual pivot at 14,323 on Dow Industrials. Below are my semiannual and annual pivots at 5955 and 5925 on Dow Transports. Annual value levels are 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ, 5469 Dow Transports and 860.25 / 809.54 Russell 2000. We will have new monthly and quarterly levels on Monday.

Daily Dow:(14,560) Daily, semiannual, monthly, quarterly and annual value levels are 14,446, 14,323, 13,949, 13,668, 12,696 and 12,509 with a weekly pivot at 14,551. Set a new intra-day all time high at 14,563.75 on March 25, 2013, and a new all time closing high is at 14,559.65 set on March 26, 2013.

S&P 500 - (1563.8) Daily, monthly, quarterly, and annual value levels are 1548.3, 1528.6, 1431.1 and 1348.3 with weekly and semiannual risky levels at 1566.0 and 1566.9. The October 2007 high is 1576.09.

NASDAQ - (3252) Daily, monthly, quarterly and annual value levels are 3225, 3197, 3071, 2806 and 2790 with weekly and semiannual risky levels at 3268 and 3583.

NASDAQ 100 (NDX) - (2807) Daily and annual value levels are 2784, 2463 and 2385 with quarterly and monthly pivots at 2789, 2798 and 2809 and weekly risky level at 2818.

Dow Transports - (6182) Daily, semiannual and annual pivots are 6114, 5955 and 5925 with weekly risky level at 6223. Monthly and annual value levels are 5522 and 5469. Set a new all time intra-day high at 6291.65 on March 19, 2013 and a new all time closing high at 6281.24 on March 14, 2013.

Russell 2000 - (949.82) Daily, monthly and annual value levels are 942.52, 901.68 and 860.25 with weekly and semiannual risky levels at 953.96 and 965.51. Set a new all time intra-day high at 954.00 on March 15, 2013.

The SOX- (433.07) Daily, monthly and quarterly value levels are 418.90, 404.22 and 371.62 with weekly risky level at 440.90. My semiannual risky level is 520.17 with the July 2007 high at 549.39.

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