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Richard Suttmeier
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  • At Wednesday's Low Three Of Five Major Averages Were In Correction Mode.

    Last week ended with the Sept. 19 all-time or multiyear highs confirmed as cycle highs for the five major averages.

    All five major equity averages are below their five-week modified moving averages at 16928 Dow Industrials, 1966.0 on S&P 500, 4461 Nasdaq, 8344 Dow Transports and 1122.73 Russell 2000 with declining 12x3x3 weekly slow stochastics. This is a full-fledged sell signal.

    The Dow 30, S&P 500, Nasdaq and Russell 2000 are below their 200-day simple moving averages at; 16589, 1905.6, 4301 and 1148.11. Dow Transports rebounded to a close just above its 200-day simple moving average at 7887 for the second day in a row.

    The all-time or multiyear intraday highs are 17350.84 (Sept. 19) Dow Industrials, 2019.26 (Sept. 19) S&P 500, 4610.57 (Sept 19) Nasdaq, 8714.94 (Sept. 19) Dow Transports, and 1213.55 (July 1) Russell 2000).

    This week's risky levels are 17274 Dow Industrials, 1991.3 S&P 500, 4510 Nasdaq, 8487 Dow Transports and 1112.36 on the Russell 2000.

    Monthly and quarterly risky levels are 17779 and 18045 Dow Industrials, 2079.2 and 2094.6 S&P 500, 4609 and 4713 Nasdaq, 8790 and 9418 Dow Transports and 1159.82 and 1292.59 on Russell 2000.

    Semiannual pivots and annual value levels are 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.

    Semiannual risky levels remain at 18522 Dow Industrials, 2080.3 S&P 500, 4642 Nasdaq and 1285.37 on the Russell 2000. Semiannual pivots remain at 8447 Dow Transports and 1139.81 Russell 2000.

    Dow Industrials: (16142) Annual value levels are 14835 and 13467 with daily and semiannual pivots at 16064 and 16301, a weekly risky level at 17274, the Sept. 19 all-time intraday high at 17350.64 and monthly, quarterly and semiannual risky levels at 17779, 18045 and 18552.

    S&P 500 - (1862.5) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with a daily pivot sy1860.0, a weekly risky level at 1991.3, the Sept. 19 all-time intraday high at 2019.26, and monthly, quarterly and semiannual risky levels at 2079.2, 2094.2 and 2080.3.

    NASDAQ - (4215) Semiannual and annual value levels are 3972, 3471 and 3063 with a daily pivot at 4154, weekly and monthly risky levels at 4510 and 4609, the Sept. 19 multiyear intraday high at 4610.57 and semiannual and quarterly risky levels at 4691 and 4713.

    NASDAQ 100 (NDX) - (3786) Semiannual and annual value levels are 3515, 3078 and 2669 with a daily pivot at 3761, quarterly, weekly and semiannual risky levels at 3861, 4033, 4060 and 4105, the Sept. 19 multiyear intraday high at 4118.91, and monthly risky level at 4152.

    Dow Transports - (7937) Daily, semiannual and annual value levels are 7579, 7423, 6249 and 5935 with semiannual and weekly risky levels at 8447 and 8487, the Sept. 19 all-time intraday high at 8714.94, and monthly and quarterly risky levels at 8790 and 9418.

    Russell 2000 - (1072.45) Daily and annual value levels are 1038.64, 966.72 and 879.39 with weekly, semiannual and monthly risky levels at 1112.36, 1139.81 and 1159.82, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1292.59.

    The SOX - (562.34) Daily, semiannual and annual value levels are 541.84, 512.94, 371.58 and 337.74 with semiannual and weekly risky levels at 608.03 and 623.16, the Sept. 19 multiyear intraday high 659.64, and quarterly and monthly risky levels at 687.65 and 691.22.

    Dow Utilities: (558.64) Quarterly, annual, semiannual and annual value levels are 553.35, 548.70, 523.72 and 497.53 with daily and weekly pivots levels at 564.71 and 566.99, the June 30 all-time intraday high at 576.98, and monthly and semiannual risky levels at 589.67 and 612.49.

    10-Year Note - (2.143) Annual, monthly, weekly and quarterly value levels are 2.263, 2.448, 2.537 and 3.258 with a daily pivot at 2.149 and semiannual and annual risky levels at 1.999 and 1.779.

    30-Year Bond - (2.920) Semiannual, monthly, annual, weekly, and quarterly value levels are 3.082, 3.089,3, 3.202, 3.283 and 3.963 with a daily pivot at 2.908, and semiannual risky level at 2.487.

    Comex Gold - ($1240.1) Weekly and quarterly value levels are $1162.8 and $906.43 with daily, monthly, semiannual and annual risky levels at $1280.7, $1305.2, $1613.0, $1738.7 and $1747.4.

    Nymex Crude Oil - ($81.60) Daily and weekly pivots are $80.94 and $85.62 with monthly, quarterly, semiannual, annual and quarterly risky levels at $100.07, $102.66, $106.48 and $107.52.

    The Euro - (1.2825) Weekly and semiannual value levels are 1.2279 and 1.2203 with a daily pivot at 1.2900 and monthly, annual and quarterly risky levels at 1.3309, 1.3382 and 1.3603.

    The Dollar versus Japanese Yen - (105.90) Daily and annual value levels are 104.97 and 93.38 with a monthly pivot at 105.94 and weekly and quarterly risky levels at 111.84 and 123.64.

    The British Pound - (1.5979) A weekly value level is 1.5836 with daily, quarterly and annual pivots at 1.6133, 1.6210 and 1.6262 and monthly and semiannual risky levels at 1.6907 and 1.7302.

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

    Oct 15 7:30 PM | Link | Comment!
  • Dow Transports Closed Just Above Its 200-Day SMA At 7884.

    Last week ended with the Sept. 19 all-time or multiyear highs confirmed as cycle highs for the five major averages.

    All five major equity averages are below their five-week modified moving averages at 16928 Dow Industrials, 1966.0 on S&P 500, 4461 Nasdaq, 8344 Dow Transports and 1122.73 Russell 2000 with declining 12x3x3 weekly slow stochastics. This is a full-fledged sell signal.

    The Dow 30, S&P 500, Nasdaq and Russell 2000 are below their 200-day simple moving averages at; 16591, 1905.6, 4301 and 1148.55. Dow Transports rebounded to a close just above its 200-day simple moving average at 7884.

    The all-time or multiyear intraday highs are 17350.84 (Sept. 19) Dow Industrials, 2019.26 (Sept. 19) S&P 500, 4610.57 (Sept 19) Nasdaq, 8714.94 (Sept. 19) Dow Transports, and 1213.55 (July 1) Russell 2000).

    This week's risky levels are 17274 Dow Industrials, 1991.3 S&P 500, 4510 Nasdaq, 8487 Dow Transports and 1112.36 on the Russell 2000.

    Monthly and quarterly risky levels are 17779 and 18045 Dow Industrials, 2079.2 and 2094.6 S&P 500, 4609 and 4713 Nasdaq, 8790 and 9418 Dow Transports and 1159.82 and 1292.59 on Russell 2000.

    Semiannual pivots and annual value levels are 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.

    Semiannual risky levels remain at 18522 Dow Industrials, 2080.3 S&P 500, 4642 Nasdaq and 1285.37 on the Russell 2000. Semiannual pivots remain at 8447 Dow Transports and 1139.81 Russell 2000.

    Dow Industrials: (16315) Annual value levels are 14835 and 13467 with a semiannual pivot at 16301, daily and weekly risky levels at 16503 and 17274, the Sept. 19 all-time intraday high at 17350.64 and monthly, quarterly and semiannual risky levels at 17779, 18045 and 18552.

    S&P 500 - (1877.7) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with daily and weekly risky levels at 1898.5 and 1991.3, the Sept. 19 all-time intraday high at 2019.26, and monthly, quarterly and semiannual risky levels at 2079.2, 2094.2 and 2080.3.

    NASDAQ - (4227) Semiannual and annual value levels are 3972, 3471 and 3063 with daily, weekly and monthly risky levels at 4260, 4510 and 4609, the Sept. 19 multiyear intraday high at 4610.57 and semiannual and quarterly risky levels at 4691 and 4713.

    NASDAQ 100 (NDX) - (3810) Semiannual and annual value levels are 3515, 3078 and 2669 with daily, quarterly, weekly and semiannual risky levels at 3861, 4033, 4060 and 4105, the Sept. 19 multiyear intraday high at 4118.91, and monthly risky level at 4152.

    Dow Transports - (7919) Semiannual and annual value levels are 7423, 6249 and 5935 with a daily pivot at 7872, semiannual and weekly risky levels at 8447 and 8487, the Sept. 19 all-time intraday high at 8714.94, and monthly and quarterly risky levels at 8790 and 9418.

    Russell 2000 - (1061.60) Daily and annual value levels are 1051.76, 966.72 and 879.39 with weekly, semiannual and monthly risky levels at 1112.36, 1139.81 and 1159.82, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1292.59.

    The SOX - (559.67) Semiannual and annual value levels are 512.94, 371.58 and 337.74 with a daily pivot at 558.22, semiannual and weekly risky levels at 608.03 and 623.16, the Sept. 19 multiyear intraday high 659.64, and quarterly and monthly risky levels at 687.65 and 691.22.

    Dow Utilities: (566.21) Quarterly, annual, semiannual and annual value levels are 553.35, 548.70, 523.72 and 497.53 with daily and weekly pivots levels at 568.67 and 566.99, the June 30 all-time intraday high at 576.98, and monthly and semiannual risky levels at 589.67 and 612.49.

    10-Year Note - (2.196) Annual, daily, monthly, weekly and quarterly value levels are 2.263,2.274, 2.4488, 2.537 and 3.258 with semiannual and annual risky levels at 1.999 and 1.779.

    30-Year Bond - (2.948) Daily, semiannual, monthly, annual, weekly, and quarterly value levels are 3.015, 3.082, 3.089,3, 3.202, 3.283 and 3.963 with a semiannual risky level at 2.487.

    Comex Gold - ($1233.2) Daily, weekly and quarterly value levels are $1225.2, $1162.8 and $906.43 with monthly, semiannual and annual risky levels at $1305.2, $1613.0, $1738.7 and $1747.4.

    Nymex Crude Oil - ($81.93) Daily and weekly pivot are $81.24 and $85.62 with monthly, quarterly, semiannual, annual and quarterly risky levels at $100.07, $102.66, $106.48 and $107.52.

    The Euro - (1.2658) Weekly and semiannual value levels are 1.2279 and 1.2203 with a daily pivot at 1.2639 and monthly, annual and quarterly risky levels at 1.3309, 1.3382 and 1.3603.

    The Dollar versus Japanese Yen - (106.99) Monthly and annual value levels are 105.94 and 93.38 with a daily pivot at 107.46 and weekly and quarterly risky levels at 111.84 and 123.64.

    The British Pound - (1.5909) A weekly value level is 1.5836 with a daily pivot at 1.5940, quarterly and annual pivots at 1.6210 and 1.6262 and monthly and semiannual risky levels at 1.6907 and 1.7302.

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

    Oct 14 5:56 PM | Link | Comment!
  • All Five Major Averages Are Below Their 200-Day Simple Moving Averages.

    Last week ended with the Sept. 19 all-time or multiyear highs confirmed as cycle highs for the five major averages.

    All five major equity averages are below their five-week modified moving averages at 16928 Dow Industrials, 1966.0 on S&P 500, 4461 Nasdaq, 8344 Dow Transports and 1122.73 Russell 2000 with declining 12x3x3 weekly slow stochastics. This is a full-fledged sell signal.

    The Dow 30, S&P 500, Nasdaq, Dow Transports and Russell 2000 are below their 200-day simple moving averages at; 16592, 1905.5, 4300, 7882 and 1149.08.

    The all-time or multiyear intraday highs are 17350.84 (Sept. 19) Dow Industrials, 2019.26 (Sept. 19) S&P 500, 4610.57 (Sept 19) Nasdaq, 8714.94 (Sept. 19) Dow Transports, and 1213.55 (July 1) Russell 2000).

    This week's risky levels are 17274 Dow Industrials, 1991.3 S&P 500, 4510 Nasdaq, 8487 Dow Transports and 1112.36 on the Russell 2000.

    Monthly and quarterly risky levels are 17779 and 18045 Dow Industrials, 2079.2 and 2094.6 S&P 500, 4609 and 4713 Nasdaq, 8790 and 9418 Dow Transports and 1159.82 and 1292.59 on Russell 2000.

    Semiannual and annual value levels will 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.

    Semiannual risky levels remain at 18522 Dow Industrials, 2080.3 S&P 500, 4642 Nasdaq and 1285.37 on the Russell 2000. Semiannual pivots remain at 8447 Dow Transports and 1139.81 Russell 2000.

    Dow Industrials: (16321) Semiannual and annual value levels are 16310, 14835 and 13467 with daily and weekly risky levels at 16609 and 17274, the Sept. 19 all-time intraday high at 17350.64 and monthly, quarterly and semiannual risky levels at 17779, 18045 and 18552.

    S&P 500 - (1874.7) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with daily and weekly risky levels at 1913.1 and 1991.3, the Sept. 19 all-time intraday high at 2019.26, and monthly, quarterly and semiannual risky levels at 2079.2, 2094.2 and 2080.3.

    NASDAQ - (4214) Semiannual and annual value levels are 3972, 3471 and 3063 with daily, weekly and monthly risky levels at 4311, 4510 and 4609, the Sept. 19 multiyear intraday high at 4610.57 and semiannual and quarterly risky levels at 4691 and 4713.

    NASDAQ 100 (NDX) - (3808) Semiannual and annual value levels are 3515, 3078 and 2669 with daily, quarterly, weekly and semiannual risky levels at 3901, 4033, 4060 and 4105, the Sept. 19 multiyear intraday high at 4118.91, and monthly risky level at 4152.

    Dow Transports - (7713) Semiannual and annual value levels are 7423, 6249 and 5935 with daily, semiannual and weekly risky levels at 7979, 8447 and 8487, the Sept. 19 all-time intraday high at 8714.94, and monthly and quarterly risky levels at 8790 and 9418.

    Russell 2000 - (1049.30) Annual value levels are 966.72 and 879.39 with daily, weekly, semiannual and monthly risky levels at 1067.73, 1112.36, 1139.81 and 1159.82, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1292.59.

    The SOX - (549.47) Semiannual and annual value levels are 512.94, 371.58 and 337.74 with daily, semiannual and weekly risky levels at 565.58, 608.02 and 623.16, the Sept. 19 multiyear intraday high 659.64, and quarterly and monthly risky levels at 687.65 and 691.22.

    Dow Utilities: (560.87) Semiannual and annual value levels are 523.72 and 497.53 with annual and quarterly pivots at 548.70 and 553.35, daily and weekly risky levels at 563.32 and 566.99, the June 30 all-time intraday high at 576.98, and monthly and semiannual risky levels at 589.67 and 612.49.

    10-Year Note - (2.291) Weekly and quarterly value levels are 2.537 and 3.258 with a monthly pivot at 2.448, and annual and semiannual risky levels at 2.263, 1.999 and 1.779.

    30-Year Bond - (3.020) Weekly, annual and quarterly value levels are 3.202, 3.283 and 3.963 with monthly, semiannual and annual pivots at 3.089, 3.082 and 3.107 and daily risky level at 2.951.

    Comex Gold - ($1232.7) Daily, weekly and quarterly value levels are $1220.7, $1162.8 and $906.43 with monthly, semiannual and annual risky levels at $1305.2, $1613.0, $1738.7 and $1747.4.

    Nymex Crude Oil - ($85.03) Daily and weekly pivot are $85.51 and $85.62 with monthly, quarterly, semiannual, annual and quarterly risky levels at $100.07, $102.66, $106.48 and $107.52.

    The Euro - (1.2698) Weekly and semiannual value levels are 1.2279 and 1.2203 with a daily pivot at 1.2698 and monthly, annual and quarterly risky levels at 1.3309, 1.3382 and 1.3603.

    The Dollar versus Japanese Yen - (107.07) Monthly and annual value levels are 105.94 and 93.38 with a daily pivot at 107.21 and weekly and quarterly risky levels at 111.84 and 123.64.

    The British Pound - (1.6074) Daily and weekly value levels are 1.5993 and 1.5836 with quarterly and annual pivots at 1.6210 and 1.6262 and monthly and semiannual risky levels at 1.6907 and 1.7302.

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

    Oct 13 5:25 PM | Link | Comment!
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