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Dow Transports Generates A Dow Theory Buy Signal.

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

10-Year Note - (1.838) Weekly, annual and semiannual value levels are 1.921, 1.981, 2.476 and 3.063 with a daily pivot at 1.840, and semiannual and monthly risky levels at 1.413 and 1.349.

Comex Gold - ($1679.2) Daily, weekly and annual value levels are $1664.8, $1657.5 and $1599.9 with my monthly pivot at $1673.8 and semiannual, quarterly and annual risky levels at $1719.2, $1802.9 and $1852.1.

Nymex Crude Oil - ($93.42) My monthly value level is $74.23 with weekly and daily pivots at $93.28 and $94.26 and quarterly and annual risky levels at $95.84, $115.23 and $115.42.

The Euro - (1.3305) Semiannual and monthly value levels are 1.2797 and 1.2343 with annual and quarterly pivots at 1.3257 and 1.3334 and daily and weekly risky levels at 1.3373 and 1.3533.

We ended Tuesday with a "Dow Theory Buy Signal" with Dow Transports setting a new all time high at 5645.75 and a new all time closing high at 5639.64. To confirm this signal the Dow Industrials need to have a daily close above its all time closing high of 14,164.53 set on October 9, 2007.

Daily Dow:(13,535) Monthly and annual value levels are 12,818, 12,696 and 12,509 with a daily pivot at 13,514 and quarterly, weekly and semiannual risky levels at 13,668, 13,827, 14,118 and 14,323.

S&P 500 - (1472.3) Quarterly, monthly and annual value levels are 1431.1, 1397.6, 1400.7 and 1348.3 with daily, weekly, quarterly and semiannual risky levels at 1475.3, 1506.8, 1510.0 and 1566.9.

NASDAQ - (3111) Quarterly, monthly, annual and semiannual value levels are 3071, 2934, 2806, 2790 and 2546 with daily, weekly, quarterly and semiannual risky levels at 3118, 3205, 3274 and 3583.

NASDAQ 100 (NDX) - (2723) Monthly, annual and semiannual value levels are 2610, 2463, 2385 and 2249 with daily, quarterly, weekly and quarterly 2728, 2798, 2817, 2920 and 3196.

Dow Transports - (5640) Quarterly, monthly and semiannual value levels are 5094, 5012 and 4151 with an annual pivot at 5469, and daily, weekly and annual risky levels at 5666, 5715 and 5925.

Russell 2000 - (884.60) Annual, quarterly, monthly and annual value levels are 860.25, 821.01, 813.37 and 809.54 with daily, weekly, quarterly and semiannual risky levels at 887.50, 911.65, 913.92 and 965.51. The Russell 2000 set a new all time high at 884.84 on January 15.

The SOX- (399.87) Quarterly, monthly and annual value levels are 371.62, 347.83 and 338.03 with a daily pivot at 399.24 and weekly and quarterly risky levels at 415.08 and 440.36.

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