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June Begins With New Monthly Value Levels And A Risky Level.

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

10-Year Note - (2.148) Daily, annual and semiannual value levels are 2.184, 2.476 and 3.063 with weekly and monthly pivots at 2.069 and 2.092, and annual and semiannual risky levels at 1.981 and 1.413.

Comex Gold - ($1385.0) My weekly value level is $1260.6 with daily and monthly pivots at $1376.5 and $1379.5, and annual, semiannual, quarterly and annual risky levels at $1599.9, $1719.2, $1808.3 and $1852.1.

Nymex Crude Oil - ($91.71) My quarterly value level is $79.66 with daily, weekly and monthly pivots at $90.90, $92.84 and $92.32, and annual risky level at $115.23.

The Euro - (1.2995) Semiannual and quarterly value levels are 1.2797 and 1.2169 with daily and weekly pivots at 1.2993 and 1.2999, and annual and monthly risky levels at 1.3257 and 1.3322.

We begin June with new monthly value levels at; 14,739 Dow Industrials, 1602.8 S&P 500, 3288 Nasdaq, and 978.21 Russell 2000 with a monthly risky level at 6734 Dow Transports. This week's risky levels at 15,458 Dow Industrials, 1680.7 S&P 500, 3566 Nasdaq, 6499 Dow Transports and 1003.17 Russell 2000 are below the May 20 / May 22 highs at 15,542.40 Dow Industrials, 1687.18 S&P 500, 3532.04 Nasdaq, 6568.41 Dow Transports and 1008.23 Russell 2000. My semiannual value level is 14,323 Dow Industrials with semiannual pivots at 1566.9 S&P 500, 5955 Dow Transports and 965.51 Russell 2000 and my semiannual risky level at 3583 Nasdaq. My annual value levels are; 12.696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports and 809.54 Russell 2000.

Daily Dow:(15,116) Monthly, semiannual, quarterly and annual value levels are 14,739, 14,323, 13,755 and 12,696 with daily and weekly risky levels at 15,234 and 15,458, and the May 22 all time high at 15,542.40.

S&P 500 - (1630.7) Monthly, semiannual, quarterly and annual value levels are 1602.8, 1566.9, 1448.7 and 1348.3 with a daily pivot at 1633.5, a weekly risky level at 1680.7, and the May 22 all time high at 1687.18.

NASDAQ - (3456) Monthly, quarterly and annual value levels are 3288, 3106 and 2806 with the May 22 multi-year high at 3532.04, and weekly and semiannual risky levels at 3566 and 3583.

NASDAQ 100 (NDX) - (2982) Daily, quarterly, monthly and annual value levels are 2977, 2819, 2784 and 2463 with the May 22 multi-year high at 3053.51, and weekly risky level at 3092.

Dow Transports - (6290) Daily, semiannual, annual and quarterly value levels are 6247, 5955, 5925, 5469 and 5324 with a weekly risky level at 6499, the May 20 all time high at 6562.85, and a monthly risky level at 6734.

Russell 2000 - (984.15) Daily, monthly, semiannual, annual and quarterly value levels are 979.05, 978.21, 965.51, 860.25, 809.54 and 807.82 with a weekly risky level at 1003.17, and the May 22 high at 1008.23.

The SOX- (468.63) Daily, monthly, quarterly, and annual value levels are 463.95, 458.41, 357.61 and 338.03 with a weekly risky level at 485.99, a semiannual risky level is 520.17 and the July 2007 high at 549.39.

Dow Utilities:(482.16) Daily and semiannual value levels are 474.96 and 474.63 with a monthly risky level at 491.15, weekly and quarterly risky levels at 508.96 and 524.16.

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