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The Russell 2000 Sets A New All Time High On The First Day Of 2013.

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

10-Year Note - (1.841) My annual value level is 1.981 with daily and risky levels at 1.735 and 1.622. The first day of QE4 was met with higher yields, which is not the intent of Federal Reserve policy. The high yield following QE3 was 1.894 so the range since then remains intact.

Comex Gold - ($1685.7) My daily value level is $1661.3 with a monthly pivot at $1673.8 and weekly risky level at $1718.2. Gold moved above my monthly pivot on the first day of the new year.

Nymex Crude Oil - ($92.96) My weekly value level is $91.29 with a daily pivot at $92.30 and quarterly risky level at $95.85.

The Euro - (1.3185) My semiannual value level is 1.2797 with annual pivot at 1.3257 and quarterly risky level at 1.3334. My annual pivot at 1.3257 was a magnet on the first trading day of 2013.

Daily Dow:(13,413) Daily, weekly, monthly and annual value levels are 13,130, 12,862, 12,818, 12,696 and 12,509 with quarterly and semiannual risky levels at 13,668 and 14,323.

S&P 500 - (1462.4) Daily, weekly, monthly and annual value levels are 1429.1, 1392.9, 1397.6, 1400.7 and 1348.3 with a quarterly pivot at 1431.1 and semiannual risky level at 1566.9. SPX began 2013 above its quarterly pivot at 1431.1.

NASDAQ - (3112) Daily, weekly, monthly and annual value levels are 3014, 2935, 2934, 2806 and 2790 with a quarterly pivot at 3071 and semiannual risky level at 3583. The NASDAQ gapped above its quarterly pivot at 3071 as 2013 began.

NASDAQ 100 (NDX) - (2746) Daily, weekly, monthly, annual and semiannual value levels are 2653, 2584, 2610, 2463, 2385 and 2249 with quarterly and semiannual risky levels at 2798 and 3196. The NASDAQ 100 is below its quarterly risky level at 2798.

Dow Transports - (5436) Daily, weekly, monthly and quarterly value levels are 5339, 5152, 5012 and 5094 with annual risky level at 5469. Dow Transports stayed shy of its annual risky level at 5469 on the first trading day of 2013.

Russell 2000 - (873.42) Daily, weekly, monthly, quarterly and annual value levels are 852.05, 820.87, 813.37, 821.01 and 809.54 with my annual pivot at 860.25. The Russell 2000 moved above its annual pivot at 860.25 to a new all time high at 873.99.

The SOX- (399.73) Daily, weekly, monthly, quarterly and annual value levels are 383.90, 376.36, 347.83, 371.62 and 338.03 with quarterly risky level at 440.36.

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