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  • We Begin September With Positive Weekly Charts.

    The five major equity averages ended last week and the month of August above their five-week modified moving averages at 16857 Dow Industrials, 1965.7 S&P 500, 4450 Nasdaq, 8275 Dow Transports and 1153.65 Russell 2000.

    The Nasdaq was the major average that prevented a sell signal by staying overbought. It remains overbought but now the other four major averages have rising 12x3x3 weekly slow stochastics.

    The all-time or multiyear intraday highs are 17153.80 (Aug 26) Dow Industrials, 2005.04 (Aug. 26) S&P 500, 4580.27 (Aug. 29), 8515.04 (July 23) Dow Transports, and 1213.55 (July 1) Russell 2000).

    New weekly and monthly value levels are 16690 and 16615 Dow Industrials, 1978.2 and 1954..8 S&P 500, 4469 and 4444 Nasdaq and 1149.70 and 1092.55 on the Russell 2000.

    I did not list Dow Transports in the last paragraph as I consider its weekly and monthly levels as pivots at 8326 and 8410 which are between quarterly and semiannual pivots at 8256 and 8447. This observation makes transports the fulcrum of volatility in September.

    There are other pivots that suggest choppy trading in September. There's a quarterly pivot at 4569 on the Nasdaq and a semiannual pivot at 1139.81 on the Russell 2000.

    Semiannual and annual value levels remain at 16301, 14835 and 13437 Dow Industrials, 1789.3, 1539.1 and 1442.1 S&P 500, 3972, 3471 and 3063 Nasdaq, 7423, 6249 and 5935 Dow Transports and 966.72 and 879.39 Russell 2000.

    Quarterly and semiannual risky levels remain at 17753 and 18522 Dow Industrials, 2052.3 and 2080.3 S&P 500, 4642 Nasdaq and 1293.11 and 1285.37 on the Russell 2000.

    Dow Industrials: (17098) Weekly, monthly, semiannual and annual value levels are 16690, 16615, 16310, 14835 and 13467 with the August 26 all-time intraday high at 17153.80 and daily, quarterly and semiannual risky levels at 17214, 17753 and 18552.

    S&P 500 - (2003.4) Monthly, weekly, semiannual and annual value levels are 1978.2, 1954.8, 1789.3, 1539.1 and 1442.1 with the August 26 all-time intraday high at 2005.04, and daily, quarterly and semiannual risky levels at 2011.5, 2052.3 and 2080.3.

    NASDAQ - (4580) Monthly, weekly, semiannual and annual value levels are 4469,4444, 3972, 3471 and 3063 with a quarterly pivot at 4569, the August 29 multiyear intraday high at 4580.27 and daily and semiannual risky levels at 4586 and 4642.

    NASDAQ 100 (NDX) - (4083) Weekly, monthly, quarterly, semiannual and annual value levels are 4029,3972, 3894, 3515, 3078 and 2669 with the August 29 multiyear intraday high at 4092.97 and daily and semiannual risky levels at 4089 and 4105.

    Dow Transports - (8408) Weekly, quarterly, semiannual and annual value levels are 8326, 8256, 7423, 6249 and 5935 with monthly and semiannual pivots at 8410 and 8447, a daily risky level at 8439, and the July 23 all-time intraday high at 8515.04.

    Russell 2000 - (1174.35) Monthly, semiannual, weekly and annual value levels are 1149.70, 1139.81, 1092.55, 966.72 and 879.39 with a daily pivot at 1172.11, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1293.11.

    The SOX - (645.25) Quarterly, weekly, semiannual and annual value levels are 626.96, 610.51, 608.02, 512.94, 371.58 and 337.74 with a daily risky level at 648.49, the July 16 multiyear intraday high 652.28 and monthly risky level at 662.59.

    Dow Utilities: (564.37) Weekly, annual, quarterly, semiannual and annual value levels are 554.90, 548.70, 536.44, 523.72 and 497.53, with a daily pivot at 561.94, June 30 all-time intraday high at 576.98 and monthly and semiannual risky levels at 598.26 and 612.49.

    10-Year Note - (2.347) A quarterly value level is 3.048 with a daily pivot at 2.356 and annual, weekly, monthly and semiannual risky levels at 2.263, 2.205, 2.071, 1.999 and 1.779.

    30-Year Bond - (3.088) Annual and quarterly value levels are 3.283 and 3.971 with annual, semiannual and daily pivots at 3.107, 3.082 and 3.056, and weekly, monthly and semiannual risky levels at 2.934, 2.791 and 2.487.

    Comex Gold - ($1288.2) Daily and quarterly value levels are $1272.9 and $1234.6 with a weekly pivot at 1287.7 and monthly, semiannual and annual risky levels at $1372.2, $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($95.87) A weekly value level is $92.59 with a daily pivot at $95.66 and monthly, semiannual, annual and quarterly risky levels at $101.21, $106.48, $107.52 and $107.70.

    The Euro - (1.3138) Daily and semiannual value levels are 1.3079 and 1.2203 with weekly, monthly and annual pivots at 1.3130, 1.3340 and 1.3382 and quarterly risky level at 1.4079.

    The Dollar versus Japanese Yen - (104.05) Monthly and annual value levels are 99.92 and 93.38 with daily and quarterly risky levels at 104.92 and 112.83.

    The British Pound - (1.6595) Daily, weekly and annual value levels are 1.6543, 1.6455 and 1.6262 with quarterly, monthly and semiannual risky levels at 1.6874, 1.6928 and 1.7302.

    To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact me at RSuttmeier@gmail.com.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Aug 30 12:04 PM | Link | Comment!
  • A Day Without New Highs As August Comes To An End.

    Today's closes will provide new value levels for the five major averages. The Nasdaq ended Thursday below its quarterly pivot at 4569 and Dow Transports is between its quarterly and semiannual pivots at 8256 and 8447. The Russell 2000 is above its semiannual pivot at 1139.81.

    The five major equity averages are above their five-week modified moving averages project at 16851 Dow Industrials, 1964.01 S&P 500, 4447 Nasdaq, 8272 Dow Transports and 111152.27 Russell 2000.

    All-time or multiyear intraday highs are 17153.80 (Aug. 26) Dow Industrials, 2005.04 (Aug. 26) S&P 500, 4575.81 (Aug. 27) Nasdaq, 8515.04 (July 23) Transports, and 1213.55 (July 1) Russell 2000).

    Semiannual and annual value levels remain at 16301, 14835 and 13437 Dow Industrials, 1789.3, 1539.1 and 1442.1 S&P 500, 3972, 3471 and 3063 Nasdaq, 7423, 6249 and 5935 Dow Transports and 966.72 and 879.39 Russell 2000.

    Quarterly and semiannual risky levels remain at 17753 and 18522 Dow Industrials, 2052.3 and 2080.3 S&P 500, 4642 Nasdaq and 1293.11 and 1285.37 on the Russell 2000.

    Dow Industrials: (17080) Weekly, monthly, semiannual and annual value levels are 16878, 16871, 16310, 14835 and 13467 with the August 26 all-time intraday high at 17153.80 and daily, quarterly and semiannual risky levels at 17251, 17753 and 18552.

    S&P 500 - (1996.7) Weekly, monthly, semiannual and annual value levels are 1972.0, 1970.2, 1789.3, 1539.1 and 1442.1 with the August 26 all-time intraday high at 2005.04, and daily, quarterly and semiannual risky levels at 2015.0, 2052.3 and 2080.3.

    NASDAQ - (4558) Weekly, monthly, semiannual and annual value levels are 4502, 4450, 3972, 3471 and 3063 with a quarterly pivot at 4569, the August 27 multiyear intraday high at 4575.81 and daily and semiannual risky levels at 4589 and 4642.

    NASDAQ 100 (NDX) - (4066) Monthly, quarterly, semiannual and annual value levels are 3925, 3894, 3078 and 2669 with the August 25 multiyear intraday high at 4079.52, a weekly pivot at 4065, and daily and semiannual risky levels at 4096 and 4105.

    Dow Transports - (8405) Monthly, quarterly, semiannual and annual value levels are 8292, 8256, 7423, 6249 and 5935 with weekly and semiannual pivots at 8425 and 8447, a daily risky level at 8450, and the July 23 all-time intraday high at 8515.04.

    Russell 2000 - (1165.95) Weekly and annual value levels are 1115.60, 966.72 and 879.39 with semiannual and monthly pivots at 1139.81 and 1156.01, a daily risky level at 1171.69, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1293.11.

    The SOX - (640.49) Weekly, quarterly, semiannual and annual value levels are 631.74, 626.96, 608.02, 512.94, 371.58 and 337.74 with a daily risky level at 648.37, the July 16 multiyear intraday high 652.28 and monthly risky level at 654.50.

    Dow Utilities: (560.11) Annual, weekly, quarterly, semiannual and annual value levels are 548.70, 533.19, 536.44, 523.72 and 497.53, with a daily risky level at 565.34, June 30 all-time intraday high at 576.98 and monthly and semiannual risky levels at 579.73 and 612.49.

    10-Year Note - (2.338) Daily, monthly, quarterly value levels are 2.381, 2.545 and 3.048 with annual and semiannual risky levels at 2.263, 1.999 and 1.779.

    30-Year Bond - (3.076) Annual and quarterly value levels are 3.283 and 3.971 with daily, annual and semiannual pivots at 3.100, 3.107 and 3.082 and semiannual risky level at 2.487.

    Comex Gold - ($1290.4) Daily and quarterly value levels are $1272.2 and $1234.6 with semiannual and annual risky levels at $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($94.64) Weekly and daily value level are $91.82 and $91.12 with semiannual, annual, monthly and quarterly risky levels at $106.48, $107.52 and $107.70.

    The Euro - (1.3182) Daily and semiannual value levels are 1.3090 and 1.2203 with weekly and annual pivots at 1.3214 and 1.3382 and monthly and quarterly risky levels at 1.3703 and 1.4079.

    The Dollar versus Japanese Yen - (103.70) An annual value level is 93.38 with daily and quarterly risky levels at 104.94 and 112.83.

    The British Pound - (1.6587) Daily and annual value levels are 1.6436 and 1.6262 with weekly, quarterly, monthly and semiannual risky levels at 1.6683, 1.6874, 1.7177 and 1.7302.

    To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact me at RSuttmeier@gmail.com.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Aug 28 5:51 PM | Link | Comment!
  • New Multiyear High For The Nasdaq As The S&P 500 Flutters At 2000.

    The Nasdaq set a new multiyear high at 4575.81 and closed just above its quarterly pivot at 4569 with the Dow Transports just below its semiannual pivot at 8447.

    The five major equity averages are above their five-week modified moving averages at 16794 Dow Industrials, 1955.9 S&P 500, 4417 Nasdaq, 8240 Dow Transports and 1148.38 Russell 2000. All five major averages are projected to have rising 12x3x3 weekly slow stochastics at the end of this week, but can the Russell 2000 be pulled to a new all-time intraday high?

    As I have always said that if all five major averages cannot shift to negative at the same time then new highs should follow. Last week there were new highs on the Nasdaq and S&P 500 but not on the other three major averages.

    All-time or multiyear intraday highs are 17153.53.80 (Aug. 26) Dow Industrials, 2005.04 (Aug. 26) S&P 500, 4575.81 (Aug. 27) Nasdaq, 8515.04 (July 23) Transports, and 1213.55 (July 1) Russell 2000).

    Weekly and monthly levels are 16878 and 16871 Dow Industrials, 1972.0 and 1970.2 S&P 500, 4502 and 4450 Nasdaq, 8425 and 8292 Dow Transports and 1115.60 and 1156.01 Russell 2000. The major averages are above all of these levels.

    Semiannual and annual value levels remain at 16301, 14835 and 13437 Dow Industrials, 1789.3, 1539.1 and 1442.1 S&P 500, 3972, 3471 and 3063 Nasdaq, 7423, 6249 and 5935 Dow Transports and 966.72 and 879.39 Russell 2000.

    Quarterly and semiannual risky levels remain at 17753 and 18522 Dow Industrials, 2052.3 and 2080.3 S&P 500, 4642 Nasdaq and 1293.11 and 1285.37 on the Russell 2000.

    Dow Industrials: (17122) Weekly, monthly, semiannual and annual value levels are 16878, 16871, 16310, 14835 and 13467 with the August 26 all-time intraday high at 17153.80 and daily, quarterly and semiannual risky levels at 17383, 17753 and 18552.

    S&P 500 - (2000.1) Weekly, monthly, semiannual and annual value levels are 1972.0, 1970.2, 1789.3, 1539.1 and 1442.1 with the August 26 all-time intraday high at 2005.04, and daily, quarterly and semiannual risky levels at 2026.9, 2052.3 and 2080.3.

    NASDAQ - (4570) Weekly, monthly, semiannual and annual value levels are 4502, 4450, 3972, 3471 and 3063 with a quarterly pivot at 4569, the August 27 multiyear intraday high at 4575.81 and daily and semiannual risky levels at 4624 and 4642.

    NASDAQ 100 (NDX) - (4073) Monthly, quarterly, semiannual and annual value levels are 3925, 3894, 3078 and 2669 with the August 25 multiyear intraday high at 4079.52, a weekly pivot at 4065, and daily and semiannual risky levels at 4120 and 4105.

    Dow Transports - (8428) Monthly, quarterly, semiannual and annual value levels are 8292, 8256, 7423, 6249 and 5935 with weekly and semiannual pivots at 8425 and 8447, the July 23 all-time intraday high at 8515.04 and daily risky level at 8596.

    Russell 2000 - (1172.71) Weekly and annual value levels are 1115.60, 966.72 and 879.39 with semiannual and monthly pivots at 1139.81 and 1156.01, a daily risky level at 1188.25, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1293.11.

    The SOX - (638.57) Weekly, quarterly, semiannual and annual value levels are 631.74, 626.96, 608.02, 512.94, 371.58 and 337.74 with a daily risky level at 647.92, the July 16 multiyear intraday high 652.28 and monthly risky level at 654.50.

    Dow Utilities: (557.13) Annual, weekly, quarterly, semiannual and annual value levels are 548.70, 533.19, 536.44, 523.72 and 497.53, with a daily risky level at 561.40, June 30 all-time intraday high at 576.98 and monthly and semiannual risky levels at 579.73 and 612.49.

    10-Year Note - (2.363) Daily, monthly, quarterly value levels are 2.445, 2.545 and 3.048 with a weekly pivot at 2.399, and annual and semiannual risky levels at 2.263, 1.999 and 1.779.

    30-Year Bond - (3.109) Daily, annual and quarterly value levels are 3.199, 3.283 and 3.971 with monthly and weekly pivots at 3.178 and 3.155, and annual and semiannual risky levels at 3.107 and 3.082.

    Comex Gold - ($1283.4) Daily and quarterly value levels are $1258.4 and $1234.6 with weekly, monthly, semiannual and annual risky levels at $1296.2, $1304.3, $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($93.84) Weekly and daily value level are $91.82 and $90.80 with semiannual, annual, monthly and quarterly risky levels at $106.48, $107.52 and $107.70.

    The Euro - (1.3194) Daily and semiannual value levels are 1.3095 and 1.2203 with weekly and annual pivots at 1.3214 and 1.3382 and monthly and quarterly risky levels at 1.3703 and 1.4079.

    The Dollar versus Japanese Yen - (103.86) An annual value level is 93.38 with daily, weekly and monthly pivots at 104.93, 103.36 and 102.76, and a quarterly risky level at 112.83.

    The British Pound - (1.6575) Daily and annual value levels are 1.6500 and 1.6262 with weekly, quarterly, monthly and semiannual risky levels at 1.6683, 1.6874, 1.7177 and 1.7302.

    To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact me at RSuttmeier@gmail.com.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Aug 27 8:26 PM | Link | Comment!
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