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ronmm on The Russell 2000 Confirms Key Reversal - Upside Should Continue. With all due respect, I don't get this key reve...
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seethrudanoise on This Week's Random Volatility Has Little Meaning very solid
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Richard Suttmeier on The S&P 500 Tested My Quarterly Value Level At 1337.7. As you close below a key level you seek the nex...
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Chambord on The S&P 500 Tested My Quarterly Value Level At 1337.7. What are the implications of this?
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Posts by Themes
The Dow Industrial Average is below weekly and quarterly pivots at 12,
000,
000 Predictions,
003 Dow Industrials,
033 shifts the weekly chart to negative with my quarterly pivot at 12,
104 and 802.51 with weekly risky levels at 1406.6 SPX,
104 and the Russell 2000 closed above its weekly pivot at 802.51. Weekly risky levels remain at 1406.6 SPX,
104 Dow Industrials,
1375.7 SPX,
1376.3 SPX,
1376.4 SPX,
1397.0 S P 500,
1406.6 SPX,
200-day SMA,
2011,
210 and May’s risky level at 13,
210. ,
2999 NASDAQ,
3002 NASDAQ,
3041 NASDAQ,
3097 NASDAQ,
3097 NASDAQ and 5326 Dow Transports.,
3097 NASDAQ and 5326 Dow Transports. ,
312. A weekly close below my annual pivot at 1363.2 is negative. ,
312. The S P 500 is below my annual pivot at 1363.2 with my quarterly pivot at 1337.7.,
338.66 shy of May’s risky level at 13,
354 Dow Industrials,
354 with this week’s pivot at 13,
354.,
354. The S P 500 is between my monthly pivot at 1397.0 and weekly risky level at 1415.8. ,
491,
491 and S P 500 1210.7,
5000 stocks in SPX,
507,
5228 Dow Transports and 812.71 Russell 2000. ,
5229 Dow Transports and 811.00 Russell 2000. This keeps the Bull versus Bear Debate alive and kicking. ,
5232 Dow Transports,
5326 Dow Transports and 802.51. ,
5385 Dow Transports and 813.56 Russell 2000. ,
692 and 12,
775 for the Dow Industrial Average,
794 and 12,
794 and annual value level at 12,
794 and my monthly risky level at 13,
794 with my annual value level at 1,
798 with my annual value level at 12,
944 Indicates Risk To 11,
964 Dow Industrials,
977,
978 Dow Industrials,
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The Russell 2000 Crossed Above 1000 As Momentum Continues.
10-Year Note - (1.965) Annual, daily and semiannual value levels are 1.981, 2.079, 2.476 and 3.063 with a monthly pivot at 1.945, and weekly and semiannual risky levels at 1.677 and 1.413.
Comex Gold - ($1393.9) Daily and weekly value levels are $1345.9 and $1318.1 with monthly, annual, semiannual, quarterly and annual risky levels at $1566.7, $1599.9, $1719.2, $1808.3 and $1852.1.
Nymex Crude Oil - ($96.67) Daily, weekly, monthly and quarterly value levels are $94.53, $93.99, $88.34 and $79.66 with my annual risky level at $115.23.
The Euro - (1.2884) Semiannual, daily and quarterly value levels are 1.2797, 1.2688 and 1.2169 with weekly, annual and monthly risky levels at 1.2951, 1.3257 and 1.3597.
The Russell 2000 crossed 1000 as the Nasdaq moves up towards its semiannual risky level at 3583. All major averages set new all time highs or a multi-year high for the Nasdaq on Monday. Technical momentum continues to trump the ValuEngine Valuation Warning which continues to intensify.
Daily Dow:(15,335) Weekly, monthly, semiannual, quarterly and annual value levels are 15,281, 14,651, 14,323, 13,755 and 12,696 with a daily pivot at 15,349 and the May 20 all time high at 15,391.84.
S&P 500 - (1666.3) Weekly, monthly, semiannual, quarterly and annual value levels are 1650.2, 1587.3, 1566.9, 1448.7 and 1348.3 with a daily pivot at 1668.2 and the May 20 all time high at 1672.84.
NASDAQ - (3496) Weekly, monthly, quarterly and annual value levels are 3436, 3233, 3106 and 2806 with the May 20 multi-year high at 3509.41, and daily and semiannual risky levels at 3515 and 3583.
NASDAQ 100 (NDX) - (3021) Weekly, quarterly, monthly and annual value levels are 2988, 2819, 2750 and 2463 with the May 20 multi-year high at 3032.86 and daily risky level at 3030.
Dow Transports - (6511) Daily, weekly, monthly, weekly, annual, semiannual and quarterly value levels are 6496, 6327, 6284, 6113, 5955, 5925, 5469 and 5324 with the May 20 all time high at 6558.41.
Russell 2000 - (997.98) Semiannual, monthly, weekly, annual and quarterly value levels are 965.51, 962.82, 962.08, 860.25, 809.54 and 807.82 with a daily pivot at 1000.10, and the May 20 all time high at 1001.50.
The SOX- (469.12) Weekly, monthly, quarterly, and annual value levels are 458.72, 419.92, 357.61 and 338.03 with a daily risky level at 472.39. My semiannual risky level is 520.17 with the July 2007 high at 549.39.
Dow Utilities:(514.70) Monthly, daily and semiannual value levels are 509.53, 507.27 and 474.63 with my quarterly pivot at 524.16, and annual and weekly risky levels at 540.37 and 543.29.
VE Morning Briefing - If you want expanded analysis of the US Capital Markets go to this link and sign up: http://www.valuengine.com/nl/mainnl?nl=D
The Nasdaq Is Just 2.4% Below My Semiannual Risky Level At 3583.
10-Year Note - (1.946) Annual, daily and semiannual value levels are 1.981, 2.011, 2.476 and 3.063 with a monthly pivot at 1.945, and weekly and semiannual risky levels at 1.677 and 1.413.
Comex Gold - ($1364.7) My weekly value level is 1318.1 with a daily pivot at $1378.4, and monthly, annual, semiannual, quarterly and annual risky levels at $1566.7, $1599.9, $1719.2, $1808.3 and $1852.1.
Nymex Crude Oil - ($96.02) Weekly, monthly and quarterly value levels are $93.99, $88.34 and $79.66 with a daily pivot at $95.46, and annual risky level at $115.23.
The Euro - (1.2835) Semiannual and quarterly value levels are 1.2797 and 1.2169 with daily and weekly pivots at 1.2811 and 1.2951, and annual and monthly risky levels at 1.3257 and 1.3597.
New highs continue for the major equity averages, and the Nasdaq ended last week just 2.4% below its semiannual risky level at 3583. The other major averages are well above their semiannual levels at 14,323 Dow Industrials, 1566.9 S&P 500, 5955 Dow Transports and 965.51 Russell 2000. This reflects how overbought stocks have become. As stocks move higher they become more overvalued and more overbought, particularly given the rise in the 30-Year US bond yield to 3.17% from 3.10% a week ago. The ValuEngine Valuation Warning intensified with 71.7% of all stocks overvalued and with 33.9% overvalued by 20% or more. There are no signs of a market top as equity bubbles continue to inflate.
Daily Dow:(15,354) Weekly, monthly, semiannual, quarterly and annual value levels are 15,281, 14,651, 14,323, 13,755 and 12,696 with a daily pivot at 15,351 and the May 17 all time high at 15,357.40.
S&P 500 - (1667.5) Weekly, monthly, semiannual, quarterly and annual value levels are 1650.2, 1587.3, 1566.9, 1448.7 and 1348.3 with a daily pivot at 1667.7 and the May 17 all time high at 1667.47.
NASDAQ - (3499) Weekly, monthly, quarterly and annual value levels are 3436, 3233, 3106 and 2806 with the May 17 multi-year high at 3499.20, and daily and semiannual risky levels at 3513 and 3583.
NASDAQ 100 (NDX) - (3029) Weekly, quarterly, monthly and annual value levels are 2988, 2819, 2750 and 2463 with the May 17 multi-year high at 3026.25 and daily risky level at 3036.
Dow Transports - (6549) Daily, weekly, monthly, weekly, annual, semiannual and quarterly value levels are 6496, 6327, 6284, 6113, 5955, 5925, 5469 and 5324 with the May 17 all time high at 6549.73.
Russell 2000 - (996.28) Semiannual, monthly, weekly, annual and quarterly value levels are 965.51, 962.82, 962.08, 860.25, 809.54 and 807.82 with a daily pivot at 996.18, and the May 15 all time high at 996.47.
The SOX- (470.63) Weekly, monthly, quarterly, and annual value levels are 458.72, 419.92, 357.61 and 338.03 with a daily risky level at 476.43. My semiannual risky level is 520.17 with the July 2007 high at 549.39.
Dow Utilities:(516.70) Monthly, daily and semiannual value levels are 509.53, 502.72 and 474.63 with my quarterly pivot at 524.16, and annual and weekly risky levels at 540.37 and 543.29.
VE Morning Briefing - If you want expanded analysis of the US Capital Markets go to this link and sign up: http://www.valuengine.com/nl/mainnl?nl=D
Stocks Remain Significantly Overvalued And Overbought.
10-Year Note - (1.872) Daily, annual and semiannual value levels are 1.976, 1.981, 2.476 and 3.063 with a monthly pivot at 1.945, and weekly and semiannual risky levels at 1.581 and 1.413.
Comex Gold - ($1384.9) The April 16 low is $1321.5 with daily and weekly pivots at $1384.4 and $1405.9, and monthly, annual, semiannual, quarterly / annual risky levels at $1566.7, $1599.9, $1719.2, $1808.3 / $1852.1.
Nymex Crude Oil - ($95.00) Monthly and quarterly value levels are $88.34 and $79.66 with daily and weekly pivots at $94.79 and $93.82, and annual risky level at $115.23.
The Euro - (1.2884) Semiannual and quarterly value levels are 1.2797 and 1.2169 with daily and weekly pivots at 1.2879 and 1.2962, and annual and monthly risky levels at 1.3257 and 1.3597.
Weekly closes above 965.51 on Russell 2000 targets 3583 on the NASDAQ. My annual value levels are 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ, 5469 Dow Transports and 809.54 Russell 2000.
Daily Dow:(15,233) Weekly, monthly, semiannual, quarterly and annual value levels are 15,040, 14,651, 14,323, 13,755 and 12,696 with a daily risky level at 15,345 and the May 16 all time high at 15,302.49.
S&P 500 - (1650.5) Weekly, monthly, semiannual, quarterly and annual value levels are 1614.3, 1587.3, 1566.9, 1448.7 and 1348.3 with a daily risky level at 1663.1 and the May 15 all time high at 1661.49.
NASDAQ - (3465) Weekly, monthly, quarterly and annual value levels are 3362, 3233, 3106 and 2806 with the May 16 multi-year high at 3485.95, and daily and semiannual risky levels at 3487 and 3583.
NASDAQ 100 (NDX) - (2999) Weekly, quarterly, monthly and annual value levels are 2928, 2819, 2750 and 2463 with the May 16 multi-year high at 3019.04 and daily risky level at 3010.
Dow Transports - (6468) Monthly, weekly, annual, semiannual and quarterly value levels are 6284, 6113, 5955, 5925, 5469 and 5324 with the May 15 all time high at 6531.93 and daily risky level at 6544.
Russell 2000 - (985.34) Weekly, annual and quarterly value levels are 941.06, 860.25, 809.54 and 807.82 with monthly and annual pivots at 962.82 and 965.51, the May 15 all time high at 991.55 and daily risky level at 995.45.
The SOX- (464.28) Weekly, monthly, quarterly, and annual value levels are 444.57, 419.92, 357.61 and 338.03 with a daily risky level at 471.39. My semiannual risky level is 520.17 with the July 2007 high at 549.39.
Dow Utilities:(511.87) Monthly, daily and semiannual value levels are 509.53, 508.30 and 474.63 with my quarterly pivot at 524.16, and weekly and annual risky levels at 540.51 and 540.37.
VE Morning Briefing - If you want expanded analysis of the US Capital Markets go to this link and sign up: http://www.valuengine.com/nl/mainnl?nl=D