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Market Rally Fueled By Potential Euro Bailout And QE3.

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

The Key Levels for the US Capital Markets

10-Year Note - (1.632) Daily, semiannual and monthly value levels are 1.730, 1.903 and 1.909 with weekly, quarterly and semiannual risky levels at 1.515, 1.407 and 1.385.

Comex Gold - ($1625.6) My annual value level is $1388.4 with weekly, annual and daily pivots at $1566.7, $1575.8 and $1605.5, and semiannual and monthly risky levels at $1635.8, $1659.4 and $1695.4. My quarterly risky level is $1871.9. The 50-day / 200-day SMAs: $1615.3 / $1679.3.

Nymex Crude Oil - ($84.30) My semiannual value level is $79.83 with weekly and daily pivots at $82.90 and $83.41, and quarterly, annual and semiannual risky levels at $101.55, $103.58 and $104.84.

The Euro - (1.2624) A monthly value level is 1.2064 with weekly and daily pivots at 1.2514 and 1.2600, and monthly, semiannual and quarterly risky levels at 1.2815, 1.2980 and 1.3366. The June 2010 low is 1.1880.

Weekly closes above the five-week modified moving averages shift the weekly charts to neutral from negative. The Dow Industrials ended Thursday above its five-week MMA at 12,636. The other major averages were below their five-week MMAs at 1334.5 S&P 500, 2886 NASDAQ, 5087 Dow Transports and 777.12 Russell 2000. Risky levels are: 12,794 Q Industrials, 1337.7 Q / 1363.2 A SPX, 5420 Transports, and 829.34 Q / 836.15 A Small Caps.

Daily Dow:(12,652) My annual value level is 12,312 with a weekly pivot at 12,521, and quarterly and daily risky levels at 12,794 and 12,864, and annual and monthly risky levels are 14,032 and 14,201.

S&P 500 - (1329.1) My weekly value level is 1306.8 with quarterly, daily, annual, monthly and annual risky levels at 1337.7, 1354.6, 1363.2, 1504.8 and 1562.9.

NASDAQ - (2836) Weekly and annual value levels are 2775 and 2698 with daily, quarterly, annual and monthly risky levels at 2897, 2911, 3232 and 3248.

Dow Transports - (5057) My weekly value level is 4994 with daily and quarterly risky levels at 5175 and 5420, and the all time high set at 5627.85 on July 11, 2011.

Russell 2000 - (762.34) No value level with a weekly pivot at 759.45, and daily, quarterly and annual risky levels at 780.62, 829.34 and 836.15, and the all time high set at 868.57 on May 2, 2011.

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