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Gold Tests Its 200-Week SMA, While Oil Stays Above Its 200-Week.

Apr. 22, 2013 5:36 PM ETTLT, GLD, XLE, DIA, QQQ, SPY
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10-Year Note - (1.695) Annual, monthly and semiannual value levels are 1.981, 2.035, 2.476 and 3.063 with a weekly pivot at 1.698, and daily and semiannual risky levels at 1.615 and 1.413.

Comex Gold - ($1424.6) My daily value level is $1285.8 with weekly, annual, semiannual, monthly, quarterly and annual risky levels at $1490.8, $1599.9, $1719.2, $1723.4, $1808.3 and $1852.1.

Nymex Crude Oil - ($89.31) Daily and quarterly value levels are $83.81 and $79.66 with weekly, monthly and annual risky levels at $90.43, $98.93 and $115.23.

The Euro - (1.3058) Weekly, semiannual and quarterly value levels are 1.2843, 1.2797 and 1.2169 with a daily pivot at 1.3081, and annual and monthly risky levels at 1.3257 and 1.3668.

Monday's upside for gold tested the 200-week SMA at $1437.7, while weakness in oil stayed above its 200-week at $87.56. The major equities averages stayed within my overall neutral zone among semiannual levels at 14,323 Dow Industrials, 1566.9 S&P 500, 5925 and 5955 Dow Transports, and 965.51 Russell 2000.

Daily Dow:(14,567) Semiannual, monthly, quarterly and annual value levels are 14,323, 14,286, 13,755 and 12,696 with a daily pivot at 14,514, and weekly risky level at 15,025. Set its all time intra-day high and closing highs at 14,887.51 and 14,865.14 on April 11, 2013.

S&P 500 - (1562.5) Daily, quarterly and annual value levels are 1541.8, 1448.7 and 1348.3 with monthly and semiannual pivots at 1565.8 and 1566.9, and weekly risky level at 1597.5 versus the all time high at 1597.35 set on April 11, 2013.

NASDAQ - (3234) Daily, quarterly and annual value levels are 3174, 3106 and 2806 with weekly and monthly risky levels at 3302 and 3289, and semiannual risky level at 3583.

NASDAQ 100 (NDX) - (2810) Daily and annual value levels are 2758 and 2463 with weekly, monthly and quarterly risky levels at 2854, 2839 and 2819, and the September 21, 2012 high at 2878.38.

Dow Transports - (6051) Daily, annual and quarterly value levels are 5883, 5469 and 5324 with annual, monthly and semiannual pivots at 5925, 5960 and 5955, and weekly risky level at 6297. The all time intra-day high is 6291.65 on March 19, 2013 and an all time closing high at 6281.24 on March 14, 2013.

Russell 2000 - (914.8) Daily, annual and quarterly value levels are 891.87, 860.25, 809.54 and 807.82 with weekly, monthly and annual risky levels at 950.22, 958.79 and 965.51. Set a new all time intra-day high at 954.00 on March 15, 2013.

The SOX- (421.37) Daily, quarterly and annual value levels are 410.44, 357.61 and 338.03 with a monthly pivot at 419.96, and a weekly risky level at 432.04.

Dow Utilities:(527.89) Daily, quarterly and semiannual value levels are 525.10, 524.16 and 474.63 with weekly and annual risky levels at 536.52 and 540.37.

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