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Weekly Pivots On The Dow & S&P 500 Were Magnets On Monday.

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

10-Year Note - (1.656) Daily and semiannual value levels are 1.701 and 1.853 with weekly, monthly and semiannual risky levels at 1.586, 1.468 and 1.389. A weekly close with the yield above the five-week modified moving average at 1.600 favors higher yields.

Comex Gold - ($1609.1) Annual, weekly and monthly value levels are $1575.8, $1573.6 and $1525.3 with a daily pivot at $1618.8, and semiannual risky levels at $1643.3 and $1702.5. The weekly chart stays positive on a weekly close above the five-week modified moving average at $1605.7.

Nymex Crude Oil - ($92.82) My weekly and monthly pivots are $92.83 and $90.40 with daily, annual and quarterly risky levels at $95.66, $103.58 and $107.63. The weekly chart stays positive on a weekly close above the five-week modified moving average at $89.87.

The Euro - (1.2334) My weekly value level is 1.2047 with a monthly pivot at 1.2237 and daily risky level at 1.2436. The weekly chart shifts to positive on a weekly close above the five-week modified moving average at 1.2395.

Stocks stabilized on Monday morning after Dow Industrials held my weekly pivot at 13,118, which pulled the S&P 500 back up to its weekly pivot at 1403.8. The NASDAQ, Dow Transports and Russell 2000 stayed below their weekly pivots / risky levels at 3031, 5152 and 819.98 respectively. My monthly risky levels are; 13,625 for Dow Industrials, 1458.2 S&P 500, 3194 NASDAQ, 5373 Dow Transports, and 846.16 Russell 2000. Annual and semiannual value levels are 12,312 and 10,738 Dow Transports, 1363.2 and 1059.7 S&P 500, 2698 and 2527 NASDAQ, 4449 and 4129 Dow Transports and 686.25 on Russell 2000.

Daily Dow:(13,169) Annual and semiannual value levels are 12,312 and 10,738 with a weekly pivot at 13,118, and daily and monthly risky levels at 13,279 and 13,625. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 12,938.

S&P 500 - (1404.1) My annual value level is 1363.2 with a weekly pivot at 1403.8, and daily and monthly risky levels at 1418.2 and 1458.2. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 1372.4.

NASDAQ - (3023) Annual and semiannual value levels are 2698 and 2527 with a weekly pivot at 3031, and daily, monthly and annual risky levels at 3075, 3194 and 3232. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 2948.

Dow Transports - (5062) Semiannual value levels are 4449 and 4129 with daily, weekly and monthly risky levels at 5136, 5152 and 5373. The weekly chart profile needs a weekly close above the five-week MMA at 5108 to turn neutral or positive. The all time high is 5627.85 set on July 7, 2011.

Russell 2000 - (799.49) my semiannual value level is 686.25 with daily, weekly, annual and monthly risky levels at 819.14, 819.98, 836.15 and 846.16. The weekly chart profile stays positive with a weekly close above the five-week MMA at 792.42. The all time high is 868.57 set on May 2, 2011.

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