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

This Week's Closes Could Be Negative For All Five Major Averages.

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

10-Year Note - (2.228) Tuesday's high was 2.293 with annual and semiannual value levels are 2.476 and 3.063 with daily, weekly and monthly pivots at 2.173, 2.151 and 2.092.

Comex Gold - ($1387.4) My weekly value level is $1327.1 with a monthly pivot at $1379.5, and daily, annual, semiannual, quarterly and annual risky levels at $1402.4, $1599.9, $1719.2, $1808.3 and $1852.1.

Nymex Crude Oil - ($95.78) Monthly and quarterly value levels are $92.32 and $79.66 with daily, weekly and annual risky levels at $98.05, $97.07 and $115.23.

The Euro - (1.3333) Weekly, semiannual and quarterly value levels are 1.2982, 1.2797 and 1.2169 with annual and monthly pivots at 1.3257 and 1.3322l, daily risky level at 1.3436.

Weekly closes below the five-week modified moving averages at 15,026 Dow Industrials, 1619.9 S&P 500, 3400 Nasdaq, 6291 Dow Transports and 969.50 could shift all five major averages into negative territory. Monthly value levels remain 14,739 Dow Industrials, 1602.8 S&P 500, and 3288 Nasdaq, with a monthly pivot at 978.21 Russell 2000, and monthly risky level at 6734 Dow Transports. This week's risky levels; 15,273 Industrials, 1660.1 S&P 500, 3517 Nasdaq, 6449 Transports and 994.32 Russell 2000, which 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.

Daily Dow:(14,995) Monthly, semiannual, quarterly and annual value levels are 14,739, 14,323, 13,755 and 12,696 with daily and weekly risky levels at 15,114 and 15,273, and the May 22 all time high at 15,542.40.

S&P 500 - (1612.5) Monthly, semiannual, quarterly and annual value levels are 1602.8, 1566.9, 1448.7 and 1348.3 with daily and weekly risky levels at 1622.7 and 1660.1, and the May 22 all time high at 1687.18.

NASDAQ - (3400) Monthly, quarterly and annual value levels are 3288, 3106 and 2806 with a daily pivot at 3415, a weekly risky level at 3517, the May 22 multi-year high at 3532.04, and semiannual risky level at 3583.

NASDAQ 100 (NDX) - (2926) Quarterly, monthly and annual value levels are 2819, 2784 and 2463 with daily and weekly risky levels at 2939 and 3039 and the May 22 multi-year high at 3053.51.

Dow Transports - (6223) Semiannual, annual / quarterly value levels are 5955, 5925, 5469 / 5324 with a daily pivot at 6214, a weekly risky level at 6449, the May 20 all time high at 6562.85 / monthly risky level at 6734.

Russell 2000 - (972.31) Semiannual, annual and quarterly value levels are 965.51, 860.25, 809.54 / 807.82 with daily / monthly pivots at 977.29 / 978.21, a weekly risky level at 994.32, and the May 22 high at 1008.23.

The SOX- (458.33) Quarterly / annual value levels are 357.61 and 338.03 with a monthly pivot at 458.41, daily and weekly risky levels at 464.40 / 480.33; a semiannual risky level is 520.17 and the July 2007 high at 549.39.

Dow Utilities:(478.04) My semiannual value level is 474.32 with daily, monthly and weekly risky levels at 481.13, 491.15 and 493.33 and quarterly risky level at 524.16 and annual risky level at 540.37.

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