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Transports & Russ 2000 Are Overbought, Others Declining MOJO.

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

10-Year Note - (1.770) Daily, semiannual, quarterly and annual value levels are 1.838, 1.853, 2.109 and 2.502 with weekly, semiannual and monthly risky levels at 1.594, 1.389 and 1.060.

Comex Gold - ($1658.3) Daily and annual value levels are $1633.7 and $1575.8 with semiannual pivots at $1643.3 and $1702.5 and monthly and weekly risky levels at $1679.3 and $1688.8.

Nymex Crude Oil - ($88.69) Monthly and semiannual value levels are $78.18 and $76.71 with a weekly pivot at $88.38 and daily, annual and quarterly risky levels at $89.67, $103.58 and $107.63.

The Euro - (1.3184) Quarterly, weekly, semiannual and monthly value levels are 1.3048, 1.3004, 1.2917, 1.2855 and 1.2203 with daily and annual risky levels at 1.3302 and 1.4239.

Dow Transports and Russell 2000 remain overbought on their daily charts, while Dow Industrials, S&P 500 and NASDAQ have declining momentum. The major equity averages ended last week above all five-week MMAs at 13,106 Dow Industrials, 1414.1 S&P 500, 2991 NASDAQ, 5138 Dow Transports and 822.39 Russell 2000. Weekly / monthly value levels are 12,938 / 12,826 Industrials, 1403.9 / 1378.6 S&P 500, 2947 / 2893 NASDAQ, 5211 / 4930 Transports and 821.55 / 786.64 Russell 2000. The five-month MMAs are; 12,973 Dow Industrials, 1387.8 S&P 500, 2973 NASDAQ, 5079 Dow Transports and 808.66 Russell 2000.

Daily Dow:(13,139) Weekly, monthly, annual and semiannual value levels are 12,938, 12,826, 12,312 and 10,738 with daily, annual and quarterly risky levels at 13,182, 14,032 and 14,192.

S&P 500 - (1426.7) Weekly, monthly, annual and semiannual value levels are 1403.9, 1378.6, 1363.2, and 1059.7 with daily, quarterly and annual risky levels at 1432.2, 1513.3 and 1562.9.

NASDAQ - (3013) Weekly, monthly, annual and semiannual value levels are 2947, 2893, 2698 and 2527 with daily, annual and semiannual value levels at 3024, 3232 and 3295.

NASDAQ 100 (NDX) - (2658) Annual, weekly, monthly, annual and semiannual value levels are 2603, 2599, 2596, 2300 and 2239, with daily and quarterly risky levels at 2663, 2950.

Dow Transports - (5320) Weekly, monthly, semiannual value levels are 5211, 4930, 4449 and 4129 with daily, quarterly and annual risky levels at 5395, 5541 and 5861.

Russell 2000 - (844.74) Weekly, monthly and semiannual value levels are 821.55, 786.64 and 686.25 with my annual pivot at 836.15 and daily risky level at 852.48.

The SOX- (384.14) Monthly and semiannual value levels are 326.94 and 326.30 with daily and weekly pivots at 383.12 and 382.32 and quarterly risky level at 439.97.

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