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The Dow Sets A New Closing High At 14,253.77! Now What?

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

10-Year Note - (1.894) Weekly, annual, and semiannual value levels are 1.932, 1.981, 2.476 and 3.063 with daily, monthly and semiannual risky levels at 1.806, 1.796 and 1.413.

Comex Gold - ($1574.3) The December 2011 low is $1523.9 with my annual pivot at $1599.9, and weekly, semiannual, monthly, quarterly and annual risky levels at $1604.8, $1719.2, $1737.6, $1802.9 and $1852.1.

Nymex Crude Oil - ($90.73) The 200-week SMA is $86.64 with a daily pivot at $90.41, the 200-day SMA at $90.36, and weekly, quarterly, monthly and annual risky levels at $95.72, $95.84, $98.23, $115.23 and $115.42.

The Euro - (1.3040) Daily and semiannual value levels are 1.2951 and 1.2797 with monthly, annual, quarterly, weekly and annual risky levels at 1.3249, 1.3257, 1.3334, 1.3430 and 1.4295.

Both the Dow Industrials and the Dow Transports set new all time closing highs on Tuesday at 14,253.77 and 6136.72 respectively. This confirms a Dow Theory Buy Signal. In my world all this means is that stocks can rally to their weekly and semiannual risky levels at 14,387 / 14,323 Dow Industrials, 1547.7 / 1566.9 S&P 500, 6192 Sow Transports and 936.95 / 965.51 Russell 2000. It also means that weakness on Dow Transports should hold semiannual and annual pivots at 5955 and 5925 at least through March. Longer term annual value levels lag at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ, 5469 Dow Transports and 860.25 / 809.54 Russell 2000.

Daily Dow:(14,254) Monthly, quarterly and annual value levels are 13,949, 13,920, 13,668, 12,696 and 12,509 with a daily pivot at 14,239, and semiannual and weekly risky levels at 14,323 and 14,387.

S&P 500 - (1539.8) Daily, monthly, quarterly and annual value levels are 1531.8, 1528.6, 1431.1 and 1348.3 with weekly and semiannual risky levels at 1547.7 and 1566.9. The October 2007 high is 1576.09.

NASDAQ - (3224) Daily, monthly, quarterly and annual value levels are 3209, 3197, 3071, 2806 and 2790 with weekly and semiannual risky levels at 3226 and 3583.

NASDAQ 100 (NDX) - (2799) Daily and annual value levels are 2786, 2463 and 2385 with weekly and semiannual pivots at 2779 and 2798, and monthly risky level at 2809. The September 21, 2012 high is 2878.38.

Dow Transports - (6137) Daily, semiannual, annual, monthly, annual and quarterly value levels are 6095, 5955, 5925, 5522, 5469 and 5094 with weekly risky level at 6192.

Russell 2000 - (927.40) Daily, monthly, annual, quarterly and annual value levels are 921.11, 901.68, 860.25, 821.01 and 809.54 with weekly and semiannual risky levels at 936.95 and 965.51.

The SOX- (432.39) Monthly, quarterly and annual value levels are 404.22, 371.62 and 338.03 with a daily pivot at 434.51, and quarterly, weekly and semiannual risky levels at 440.36, 441.87 and 520.17.

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