NEW YORK (TheStreet) -- On Thursday I ran my proprietary analytics for the end of 2013 assuming that the Dec. 31 closes would equate to the closes on Wednesday after the huge stock market gains that followed the FOMC decision to begin tapering of quantitative easing in January. Included in today's post are buy-and-trade parameters for SPDR Dow Jones Industrial Average (DIA), Nasdaq 100 Shares (QQQ) and the S&P 500 SPDRS (SPY). But first let's focus on Treasury yields, gold, crude oil and the euro vs. the dollar.
The yield on the Treasury 10-year note (2.883% on Wednesday) will have a monthly value level at 3.590% with quarterly and annual risky levels at 2.565% and 2.231%. The key to preventing higher yields will be a weekly close below 2.565%.
The yield on the Treasury 30-year bond (3.898% on Wednesday) will have a monthly value level at 4.475% with a quarterly pivot at 3.771% and annual risky level at 3.253%. The key to preventing higher yields will be a weekly close below 3.771%.
Comex Gold ($1,219.5 on Wednesday) will begin 2014 with a monthly value level at $1,119.6 with a quarterly risky level at $1,392.5. The gold bubble has popped, but there should be buy-and-trade opportunities on weakness to value levels.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV