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All Major Equity Averages Breakout Above 50-Day Moving Averages

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

The Key Levels for the US Capital Markets

10-Year Note - (1.616) Semiannual and monthly value levels are 1.903 and 1.909 with a daily pivot at 1.581, and weekly, quarterly and semiannual risky levels at 1.452, 1.407 and 1.385.

Comex Gold - ($1620.2) My annual value level is $1388.4 with weekly and annual pivots at $1583.8 and $1575.8, and daily, semiannual and monthly risky levels at $1641.0, $1635.8, $1659.4 and $1695.4. My quarterly risky level is $1871.9. The 50-day / 200-day SMAs: $1614.8 / $1676.0.

Nymex Crude Oil - ($84.14) Daily, semiannual and weekly value levels are $82.89, $79.83 and $78.40 with quarterly, annual and semiannual risky levels at $101.55, $103.58 and $104.84.

The Euro - (1.2684) My weekly value level is 1.2288 with a daily pivot at 1.2609, and monthly, semiannual and quarterly risky levels at 1.2815, 1.2980 and 1.3366. The June 2010 low is 1.1880.

All major averages are above their 50-day simple moving averages at; 12,745 Dow Industrials, 1347 S&P 500, 2918 NASDAQ, 5130 Dow Transports, and 781.63 Russell 2000. The Dow Industrials is above my quarterly pivot at 12,794. The S&P 500 is between its quarterly pivot at 1337.7 and its annual risky level at 1363.2, which was tested on Tuesday. The NASDAQ is above its quarterly pivot at 2911. The March 19th high for Dow Transports is 5390.11. The Russell 2000 lags its quarterly and annual risky levels at 829.34 and 836.15.

Daily Dow:(12,837) Weekly and annual value levels are 12,330 and 12,312 with daily and quarterly pivots at 12,844 and 12,794, and annual and monthly risky levels are 14,032 and 14,201.

S&P 500 - (1358.0) My weekly value level is 1294.4 with daily and quarterly pivots at 1353.1 and 1337.7, and annual, monthly and annual risky levels at 1363.2, 1504.8 and 1562.9. My annual pivot at 1363.2 was tested on Tuesday.

NASDAQ - (2930) Daily, weekly and annual value levels are 2901, 2761 and 2698 with a quarterly pivot at 2911, and annual and monthly risky levels at 3232 and 3248.

Dow Transports - (5251) Daily and weekly value levels are 5199 and 4931 with a quarterly risky level at 5420, and the all time high set at 5627.85 on July 11, 2011.

Russell 2000 - (786.43) Daily and weekly value levels are 775.92 and 744.89 with quarterly and annual risky levels at 829.34 and 836.15, and the all time high set at 868.57 on May 2, 2011.

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