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It's Friday So The S&P 500 Must Be On The Cusp Of 1363.2.

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

10-Year Note - (1.429) My monthly value level is 1.568 with daily and semiannual pivots at 1.429 and 1.389, and weekly risky level at 1.356. A new record low yield was set on Wednesday at 1.377.

Comex Gold - ($1614.9) Daily, monthly, and annual value levels are $1591.9, $1578.3, $1575.8 and $1388.4 with weekly and semiannual risky levels at $1621.3, $1643.3 and $1702.5. The 50-day / 200-day SMAs: $1589.2 / $1657.8 with the 50-day starting to rise. Thursday's high was a test of my weekly risky level at $1621.3. A weekly close above the five-week MMA at $1596.1 shifts the weekly chart profile to positive.

Nymex Crude Oil - ($89.41) Weekly and semiannual value levels are $80.41 and $76.71 with daily and monthly risky levels at $91.15 and $100.47. The weekly chart has been positive.

The Euro - (1.2280) Monthly and daily pivots are 1.2168 and 1.2154, with and weekly and semiannual risky levels at 1.2295 and 1.2917, 1.4239 and 1.4583. My weekly risky level at 1.2295 was tested on Thursday. A weekly close above last week's high at 1.2320 is a weekly key reversal.

The neutral zone remains between my annual and semiannual value levels at 2698 / 2527 NASDAQ and my annual risky level at 836.15 Russell 2000. In-between is my annual value level is 12,312 Dow Industrials and my annual pivot at 1363.2 SPX.

Daily Dow:(12,888) My annual value level is 12,312 with a daily pivot at 12,889, and weekly and monthly risky levels at 12,913 and 13,473. My weekly pivot at 12,913 was tested on Thursday. A close today above the five-week MMA at 12,750 keeps the weekly chart positive.

S&P 500 - (1360.0) Daily and annual pivots are 1362.4 and 1363.2, and a weekly risky level at 1366.7, and monthly risky level at 1418.6. Isn't it fitting that the S&P 500 is on the cusp of my annual pivot at 1363.2 yet again? A close today above the five-week MMA at 1350.2 keeps the weekly chart positive.

NASDAQ - (2893) My annual value level is 2698 with daily, weekly and monthly risky levels at 2911, 2941 and 3058. A close today above the five-week MMA at 2910 keeps the weekly chart positive.

Dow Transports - (5007) My daily value level is 4944 with weekly and monthly risky levels at 5118 and 5422. The Transports are below its 50-day and 200-day simple moving averages at 5072 and 5080 as a "Death Cross" has formed. A weekly close below the five-week modified moving average at 5127 shifts the weekly chart profile to negative from neutral.

Russell 2000 - (777.11) I show a daily pivot at 774.10 with weekly and monthly risky levels at 798.66, and 834.07. The Russell 2000 is on the cusp of its 50-day and 200-day simple moving averages at 775.80 and 775.28, which are close to a "Death Cross." A weekly close below the five-week modified moving average at 789.42 shifts the weekly chart profile to neutral from positive.

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