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The Dow, S&P 500 & NASDAQ Held Their 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 - (1.630) Semiannual and monthly value levels are 1.903 and 1.909 with a daily pivot at 1.606, and weekly, quarterly and semiannual risky levels at 1.452, 1.407 and 1.385.

Comex Gold - ($1607.1) 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 $1638.3, $1635.8, $1659.4 and $1695.4. My quarterly risky level is $1871.9. The 50-day / 200-day SMAs: $1613.9 / $1674.7.

Nymex Crude Oil - ($81.75) Semiannual and weekly value levels are $79.83 and $78.40 with a daily pivot at $81.64, and quarterly, annual and semiannual risky levels at $101.55, $103.58 and $104.84.

The Euro - (1.2700) My weekly value level is 1.2288 with a daily pivot at 1.2721, 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 held or stayed above their 50-day simple moving averages on weakness following the Fed Statement; 12,746 Dow Industrials, 1346.8 S&P 500, 2917 NASDAQ, 5132 Dow Transports, and 781.62 Russell 2000. Dow Industrials, the S&P 500 and the NASDAQ ended Wednesday with Overbought daily chart profiles. The Dow Industrials was influenced by my quarterly pivot at 12,794. The S&P 500 stayed between its quarterly and annual pivots at 1337.7 and 1363.2, which was tested on strength Tuesday. The NASDAQ held its quarterly pivot at 2911. Dow Transports stayed above its 50-day at 5132. The Russell 2000 also stayed above its 50-day at 781.62.

Daily Dow: (12,824) Weekly and annual value levels are 12,330 and 12,312 with daily and quarterly pivots at 12,808 and 12,794, and annual and monthly risky levels are 14,032 and 14,201.

S&P 500 - (1355.7) My weekly value level is 1294.4 with daily and quarterly pivots at 1348.6 and 1337.7, and annual, monthly and annual risky levels at 1363.2, 1504.8 and 1562.9.

NASDAQ - (2930) Daily, weekly and annual value levels are 2890, 2761 and 2698 with a quarterly pivot at 2911, and annual and monthly risky levels at 3232 and 3248.

Dow Transports - (5229) Daily and weekly value levels are 5179 and 4931 with a quarterly risky level at 5420, and the all time high set at 5627.85 on July 11, 2011.

Russell 2000 - (784.05) Daily and weekly value levels are 769.84 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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