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Stocks Continue To Straddle Key Longer Term Pivots.

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

The yield on the US Treasury 10-Year remains below this week's pivot at 2.990%. A close below its 21-day SMA at 2.920 shifts the daily chart to positive favoring lower yields. The yield on the US Treasury 30-Year bond is testing its 21-day SMA at 3.894 and its weekly pivot at 3.894%. The weekly chart for the 10-Year note shows that the rise in yield is overdone, with the five-week MMA at 2.879%. The weekly chart for the 30-Year bond is above its five-week MMA at 3.865%.

10-Year Note - (2.943) Daily, weekly, monthly and semiannual value levels are 2.978, 2.990, 3.653 with quarterly, annual and semiannual risky levels at 2.628, 2.263, 1.837 and 1.779.

30-Year Bond - (3.887) Daily and monthly value levels are 3.940 and 4.505 with a weekly pivot at 3.894 and quarterly, annual and semiannual risky levels at 3.801, 3.283, 3.114, 3.107 and 2.624.

Comex gold has a positive daily chart with the 21-day SMA at $1224.2 and the 50-day SMA at $1257.1. The weekly chart shifts to positive on a close this week above its five-week MMA at $1241.3.

Crude oil has a negative daily chart with the 21-day, 50-day and 200-day SMAs at $97.56, $96.01 and $99.05 and tested my quarterly value level at $93.35 on Monday. The weekly chart is negative with the five-week MMA at $96.56 and the 200-week SMA at $92.47, which was tested on Nov. 27.

The euro vs. the dollar has a negative daily chart with its 21-day, 50-day and 200-day SMAs at 1.3708, 1.3609 and 1.3324. The weekly chart stays negative with a close below its five-week MMA at 1.3625 with the 200-week SMA at 1.3310 as key support.

Comex Gold - ($1231.7) Weekly and monthly value levels are $1186.2 and $1112.1 with a daily pivot at $1237.1 and quarterly and annual risky levels at $1385.0, $1710.6, $1747.4, $1818.8 and $1857.1.

Nymex Crude Oil - ($93.86) My quarterly value level is $93.35 with a daily pivot at $93.84 and weekly, monthly, semiannual and annual risky levels at $97.46, $104.80, $104.97 and $107.52.

The Euro - (1.3615) Quarterly, annual and semiannual value levels are 1.3482, 1.3381, 1.2642 and 1.2216 with a monthly pivot at 1.3658 and weekly and annual risky levels at 1.3886 and 1.5512.

The daily chart for Dow Transports shifts to negative on a close below its 21-day SMA at 7239 with the 50-day and 200-day SMAs at 7169 and 6580. The Russell 2000 is above 21-day, 50-day and 200-day SMAs at 1138.94, 1124.04 and 1038.68 with declining momentum.

Daily Dow:(16,531) Monthly, semiannual and annual value levels are 16,327, 16,245, 14,835 and 13,467 with the Dec. 31 all-time intra-day high at 16,588.25, and weekly, daily, quarterly and semiannual risky levels at 16,578, 16,629, 16,761 and 16,860.

S&P 500 - (1837.9) Semiannual and annual value levels are 1797.3, 1764.4, 1539.1 and 1442.1 with a monthly pivot at 1847.0, the Dec.31 all-time intra-day high at 1849.44, and daily, weekly and quarterly risky levels at 1841.9, 1854.2, 1860.7 and 1896.0.

NASDAQ - (4153) Semiannual and annual value levels are 3930, 3920, 3471 and 3063 with a daily pivot at 4144, the Dec. 31 multi-year intra-day high at 4177.73 and weekly, monthly and quarterly risky levels at 4220, 4267 and 4274.

NASDAQ 100 (NDX) - (3558) Semiannual and annual value levels are 3458, 3456, 3078 and 2669 with a daily pivot at 3553, the Dec. 31 multi-year intra-day high at 3592.00 and weekly, monthly and quarterly risky levels at 3628, 3629 and 3714.

Dow Transports - (7288) Quarterly and annual value levels are 7086, 6249 and 5935 with semiannual, daily and monthly pivots at 7245, 7376, 7303 and 7327, the Dec. 31 all-time intra-day high at 7410.25, and weekly risky level at 7476.

Russell 2000 - (1157.61) Semiannual and annual value levels are 1133.29, 1130.79, 966.72 and 879.39 with a daily pivot at 1153.12, the Dec. 26 all time intra-day high at 1167.96, and weekly, quarterly and monthly risky levels at 1176.06, 1180.35 and 1200.55.

The SOX- (527.43) Semiannual and annual value levels are 490.52, 371.58 and 337.74 with a daily pivot at 529.31, the Dec. 31 multi-year intra-day high at 535.79, and weekly, quarterly, monthly and semiannual risky levels at 532.43, 536.98, 544.70 and 548.36.

Dow Utilities:(486.36) Weekly and monthly value levels are 474.55 and 440.53 with a daily pivot at 483.09, and quarterly, annual, semiannual and annual risky levels at 496.84, 497.53, 504.74, 524.37 and 548.70.

To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact me at RSuttmeier@gmail.com.

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