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Stocks Are Poised For A Downgrade On Weekly Charts.

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

10-Year Note - (1.828) Semiannual, daily, quarterly and annual value levels are 1.853, 1.920, 2.109 and 2.502 with my weekly pivot at 1.743, and monthly and semiannual risky levels at 1.681 and 1.389.

Comex Gold - ($1713.2) Semiannual, monthly and annual value levels are $1643.3, $1606.0 and $1575.8 with semiannual pivot at $1702.5, and weekly / quarterly risky levels at $1826.5 and $1881.4.

Nymex Crude Oil - ($86.12) My semiannual value level is $76.71 with daily, weekly and monthly pivots at $85.93, $90.46 and $91.34, and annual and quarterly risky levels at $103.58 and $107.63.

The Euro - (1.2936) Semiannual and monthly value levels are 1.2917 and 1.2589 with quarterly, daily, weekly and annual risky levels at 1.3048, 1.3076, 1.3117, 1.3352 and 1.4239.

Closes today below the five-week modified moving averages are technical downgrades for the major equity averages; 13,357 Dow Industrials, 1432.6 S&P 500, 3073 NASDAQ, 5050 Dow Transports and 828.73 Russell 2000. The major equity averages straddle 50-day and 200-day SMAs at 13,351 / 12,973 Dow Industrials, 1434.4 / 1376.5 S&P 500, 3095 / 2974 NASDAQ, 5055 / 5139 Dow Transports and 831.88 / 805.75 Russell 2000. The major averages straddle monthly pivots / risky levels at; 13,506 Dow Industrials, 1468.0 S&P 500, 3210 NASDAQ, 4859 Dow Transports, and 827.70 Russell 2000. Annual value levels are 12,312 Dow Industrials, 1363.2 S&P 500, and 2698 NASDAQ with an annual pivot at 836.15 Russell 2000.

Daily Dow:(13,104) Annual and semiannual value levels are 12,312 and 10,738 with daily, monthly, weekly and annual and quarterly risky levels at 13,183, 13,506, 13,649, 14,032 and 14,192.

S&P 500 - (1413.0) Annual and semiannual value levels are 1363.2 and 1059.7 with daily, monthly, weekly, quarterly and annual risky levels at 1423.9, 1468.0, 1470.4, 1513.3 and 1562.9.

NASDAQ - (2986) Annual and semiannual value levels are 2698 and 2527 with a daily pivot at 2990, and weekly, monthly, annual and quarterly risky levels at 3125, 3210, 3232 and 3295.

Dow Transports - (5035) Weekly, monthly and semiannual value levels are 4960, 4859, 4449 and 4129 with daily, quarterly and annual risky levels at 5102, 5541 and 5861.

Russell 2000 - (816.82) My semiannual value level is 686.25 with daily, monthly, annual and weekly risky levels at 820.62, 827.70, 836.15 and 861.94.

The SOX- (365.48) My semiannual value level is 326.30 with a daily pivot at 366.51, and weekly, monthly and quarterly risky levels at 370.21, 385.39 and 439.97.

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