Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Markets React To The FOMC Aggressive Monetary Policy.

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

10-Year Note - (1.739) My semiannual and quarterly value levels are 1.853 and 1.869 with daily and weekly pivots at 1.799 and 1.756, and monthly and semiannual risky levels at 1.620 and 1.389. Weakness following the Fed Statement held the 200-day simple moving average at 1.832.

Comex Gold - ($1768.2) Semiannual, and annual value levels are $1702.5, $1643.3 and $1575.8 with monthly and daily pivots at $1753.7 and $1766.2, and my quarterly risky level at $1805.8.

Nymex Crude Oil - ($98.10) Daily and monthly value levels are $96.60 and $93.30 with weekly, annual and quarterly risky levels at $101.21, $103.58 and $107.63.

The Euro - (1.2987) Monthly and weekly value levels is 1.2714 and 1.2684 with semiannual and daily pivots at 1.2917 and 1.2993.

The Dow Industrial Average, S&P 500 and NASDAQ set new multi-year highs after the Fed Statement at 13,573.33, 1463.50 and 3167.63 respectively. To confirm a "Dow Theory Buy Signal" Dow Transports must close above its March 19th closing high for 2012 at 5360.04. Dow Transports will be upgraded to neutral or positive with a close today above its five-week MMA at 5,094. My monthly risky levels are 13,666 Dow Industrials, 1486.7 S&P 500, 3232 A NASDAQ, 5279 Dow Transports and 864.06 Russell 2000. My annual pivot is 836.15 Russell 2000. Annual and semiannual value levels are 12,312 Dow Transports, 1363.2 S&P 500, 2698 NASDAQ, 4449 Dow Transports and 686.25 on Russell 2000.

Daily Dow:(13,540) Annual and semiannual value levels are 12,312 and 10,738 with daily and weekly pivots at 13,503 and 13,521, and monthly and annual risky levels at 13,666 and 14,032.

S&P 500 - (1460.0) My annual value level is 1363.2 with daily and weekly pivots at 1459.6 and 1455.9, and monthly and quarterly risky levels at 1486.7and 1539.8.

NASDAQ - (3156) Annual and semiannual value levels are 2698 and 2527 with daily, weekly, annual, monthly and quarterly risky levels at 3167, 3171, 3232, 3340 and 3348.

Dow Transports - (5202) Weekly and semiannual value levels are 4989, 4449 and 4129 with a daily pivot at 5190, and monthly risky level at 5279. The all time high is 5627.85 set on July 7, 2011.

Russell 2000 - (856.11) Annual, weekly and semiannual value levels are 836.15, 821.96 and 686.25 with daily and monthly risky levels at 868.40 and 864.06. The all time high, 868.57 set on May 2, 2011.

VE Morning Briefing - If you want expanded analysis of the US Capital Markets go to this link and sign up: http://www.valuengine.com/nl/mainnl?nl=D