Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in Melbourne, FL.

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December 26, 2013 Christmas was greeted with new highs for the five major averages.

The daily chart for the yield on the US Treasury 10-Year note favors higher yields with the 21-day SMA at 2.840% and the 2013 high yield at 3.007% set on Sept. 6. The daily chart for the US Treasury 30Year bond is neutral with the 21-day SMA at 3.866% and the 2013 high yield at 3.980% set on Dec. 6. The weekly charts favor higher 10-Year and 30-Year yields given weekly closes above their five-week MMA at 2.825% and 3.831%. 10-Year Note (2.985) Weekly, monthly and semiannual value levels are 3.071, 3.117 and 3.227 with daily, annual and quarterly risky levels at 2.936, 2.476 and 2.252. 30-Year Bond (3.895) Weekly, and monthly and semiannual value levels are 4.056, 4.006 and 4.807 with daily, quarterly and annual risky levels at 3.858, 3.487 and 3.014. Comex gold has a negative daily chart with the 21-day SMA at $1230.5 and the June 28 low at $1179.4. The weekly chart is negative but oversold with its five-week MMA at $1244.7. Crude oil has a positive but overbought daily chart with the 21-day, 50-day and 200-day SMAs at $96.74, $96.45 and $98.90. The weekly chart is positive with the five-week MMA at $97.75 and the 200-week SMA at $92.34. The euro vs. the dollar has a neutral daily chart with its 21-day, 50-day and 200-day SMAs at 1.3678, 1.3619 and 1.3286. The weekly chart is positive with its five-week MMA at 1.3624 and the 200-week SMA at 1.3311. Comex Gold ($1203.3) Weekly and monthly value levels are $1148.3 and $1062.1 with a daily pivot at $1201.1 and quarterly and annual risky levels at $1435.6, $1599.9 and $1852.1. Nymex Crude Oil ($99.22) My weekly value level is $93.76 with daily and monthly pivots at $98.97 and $98.21 and semiannual, quarterly and annual risky levels at $109.84, $114.36 and $115.23. The Euro (1.3676) Weekly, annual and quarterly value levels are 1.3367, 1.3257, 1.2805 and 1.2477 with a daily pivot at 1.3656 and monthly and annual risky levels at 1.3722, 1.3840 and 1.4295. Daily Charts Are Positive / Overbought: The Dow Industrial Average is above its 21-day, 50-day and 200-day SMAs at 16,014, 15,809 and 15,253. The S&P 500 is above its 21-day, 50-day and 200-day SMAs at 1800.4, 1779.4 and 1673.5. The Nasdaq is above its 21-day, 50-day and 200-day SMAs at 4050, 3977 and 3621. The Dow Transportation Average is above its 21-day, 50-day and 200-day SMAs at 7195, 7092 and 6536. The Russell 2000 is above its 21-day, 50-day and 200-day SMAs at 1128.40, 1115.75 and 1030.28.

Weekly Charts Are Positive / Overbought: Dow Industrials remains positive / overbought with its five-week MMA at 15,971 and its 200-week SMA at 12,749. The S&P 500 is positive / overbought with its five-week MMA at 1792.9 and its 200-week SMA at 1368.5. The Nasdaq is positive / overbought with its five-week MMA at 4025 and its 200-week SMA at 2911. Dow Transports is positive / overbought with its five-week MMA at 7148 and its 200-week SMA at 5303. The Russell 2000 is positive / overbought with its five-week MMA at 1127.07 and its 200-week SMA at 823.04. The Christmas eve new all-time or multi-year intra-day highs are 16,360.60 Dow Industrials vs. its weekly risky level at 16,365. The S&P 500 new high is 1833.32 vs. its weekly pivot at 1831.8. The Nasdaq new high is 4155.62. The Dow Transports new high is 7344.88 vs. its weekly pivot at 7338. The Russell 2000 new high is 1163.67 vs. its quarterly risky level at 1163.21. This weeks value levels are 4090 Nasdaq and 1129.47 Russell 2000 with weekly risky levels / pivots at 16,365 Dow Industrials, 1831.8 S&P 500 and 7338 Dow Transports. My monthly value level is 6941 Dow Transports with monthly pivots at 16,093 Dow Industrials, 1810.2 S&P 500, 4114 Nasdaq and 1143.82 Russell 2000. Semiannual and quarterly pivots are 1743.5 S&P 500, 3759 and 4025 Nasdaq, 7104 and 7205 Dow Transports and 1089.42 Russell 2000. Semiannual and quarterly risky levels are 16,490 and 16,775 Dow Industrials, 1853.8 S&P 500 and 1163.21 Russell 2000. My annual value levels at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports, and 809.54 Russell 2000. Daily Dow: (16,358) Monthly, semiannual and annual value levels are 16,248, 16,093, 14,724 and 12,696 with the Dec. 24 all-time intra-day high at 16,360.60, and weekly, daily, semiannual and quarterly risky levels at 16,365, 16,504, 16,490 and 16,775. S&P 500 (1833.3) Monthly, semiannual and annual value levels are 1810.2, 1743.5 and 1348.3 with a weekly pivot at 1831.8, the Dec.24 all-time intra-day high at 1833.32, and daily and quarterly risky levels at 1841.4 and 1853.8. NASDAQ (4155) Monthly, weekly, quarterly, semiannual and annual value levels are 4114, 4090, 4025, 3759, 3668 and 2806 with the Dec. 24 multi-year intra-day high at 4155.62 and a daily risky level at 4168. NASDAQ 100 (NDX) (3573) Weekly, monthly, quarterly, semiannual and annual value levels are 3528, 3518, 3477, 3304 and 2463 with a daily pivot at 3574 and the Dec. 24 multi-year intra-day high at 3574.51. Dow Transports (7339) Quarterly, semiannual, monthly and annual value levels are 7205, 7104, 6941, 5925 and 5469 with a weekly pivot at 7338, the Dec. 24 all-time intra-day high at 7344.88, and daily risky level at 7395. Russell 2000 (1161.80) Weekly, semiannual and annual value levels are 1129.47, 1089.42, 860.25 and 809.54 with a monthly pivot at 1143.82, a quarterly pivot at 1163.21, the Dec. 24 all time intra-day high at 1163.67, and daily risky level at 1170.61. The SOX (528.35) Quarterly and annual value levels are 514.87 and 338.03 with weekly and monthly pivots at 524.92 and 526.74, the Dec. 24 multi-year intra-day high at 529.53, and semiannual and daily risky levels at 533.56 and 533.97. Dow Utilities: (488.96) Weekly, monthly and semiannual pivots are 480.37, 479.08 and 481.92 with a daily pivot at 491.11 and quarterly, semiannual and annual risky levels at 520.55, 523.33 and 540.37. To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact me at RSuttmeier@gmail.com.