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

The Rally Since Monday's Lows Is Not A Breakout For US Equities!

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

10-Year Note - (1.903) Annual, weekly, annual and semiannual value levels are 1.981, 2.173, 2.476 and 3.063 with a daily pivot at 1.903 and monthly and semiannual risky levels at 1.843 and 1.413.

Comex Gold - ($1596.0) My daily value is $1549.3 with my annual pivot at $1599.9 and weekly, semiannual, monthly, quarterly and annual and semiannual risky levels at $1624.2, $1719.2, $1793.7, $1802.9 and $1852.1.

Nymex Crude Oil - ($92.83) My daily value level is $90.19 with monthly and quarterly pivots at $96.21 and $95.84 and weekly, annual and semiannual risky levels at $99.09, $115.23, $115.42 and $130.42.

The Euro - (1.3136) Daily and semiannual value levels are 1.3043 and 1.2797 with annual, quarterly, monthly, weekly and annual risky levels at 1.3257, 1.3334, 1.3570, 1.3430 and 1.4295.

Only the Dow Industrial Average set a new multi-year high on Wednesday at 14,104.86. The Dow Transports remain under the influence of annual and semiannual pivots at 5925 and 5955. My semiannual risky levels remain at 14,323 Dow Industrials, 1566.9 S&P 500, 3583 NASDAQ and 965.51 Russell 200. Quarterly or annual value levels remain at 13,668 Dow Industrials, 1431.1 S&P 500, 3071 NASDAQ, 5469 Dow Transports and 821.01 Russell 2000.

Daily Dow:(14,075) Quarterly and annual value levels are 13,668, 12,696 and 12,509 with a daily pivot at 13,951, and monthly and semiannual risky levels at 14,132 and 14,323. Set a new multi-year high at 14,104.86 on February 27, 2013. The October 2007 high is 14,198.10. The all time closing high is 14,164.53 set on October 9, 2007.

S&P 500 - (1516.0) Quarterly and annual value levels are 1431.1 and 1348.3 with a daily pivot at 1500.3, and monthly and semiannual risky levels at 1542.9 and 1566.9. The October 2007 high is 1576.09.

NASDAQ - (3162) Daily, quarterly and annual value levels are 3120, 3071, 2806 and 2790 with monthly, weekly and semiannual risky levels at 3250, 3351 and 3583.

NASDAQ 100 (NDX) - (2741) Daily and annual value levels are 2703, 2463 and 2385 with quarterly and monthly risky levels at 2798 and 2871.

Dow Transports - (5989) Annual, monthly and quarterly value levels are 5469, 5440 and 5094 with daily, annual and semiannual pivots at 5902, 5925 and 5955, and weekly risky level at 6396.

Russell 2000 - (909.92) Daily, annual, quarterly and annual value levels are 899.78, 860.25, 821.01 and 809.54 with a monthly pivot at 911.32, and weekly and semiannual risky levels at 943.46 and 965.51.

The SOX- (426.46) Daily, monthly, quarterly and annual value levels are 417.10, 409.08, 371.62 and 338.03 with quarterly, weekly and semiannual risky levels at 440.36, 456.56 and 520.17.

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