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  • Dow Transports Saved The Week Closing Just Above Its Five-Week MMA.

    Last week ended with the major equity averages straddling their five-week modified moving averages and last week's closes needed to be below these key levels to confirm the beginning of a stock market correction. The Dow Transportation Average prevented the signal with Friday's close just above its five-week MMA at 8450.

    The Dow Industrial Average ended last week below its five-week MMA at 17018 after the prior week's close was just above it. The S&P 500 has had two consecutive weekly closes below its five-week MMA, now at 1979.9. The Nasdaq closed last week below its five-week MMA at 4505. The Russell 2000 has closed below its five-week MMA for three weeks in a row with that average now at 1139.68.

    The Dow 30, S&P 500, Nasdaq and Dow Transports will join the Russell 2000 this week with their 12x3x3 weekly slow stochastic declining below the overbought reading of 80.00.

    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 17513 Dow Industrials, 2039.3 S&P 500, 4691 Nasdaq, 8872 Dow Transports and 1153.72 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: (17009) Semiannual and annual value levels are 16310, 14835 and 13467 with a daily pivot at 16946, the Sept. 19 all-time intraday high at 17350.64 and weekly, monthly, quarterly and semiannual risky levels at 17512, 17779, 18045 and 18552.

    S&P 500 - (1967.9) Daily, semiannual and annual value levels are 1955.2, 1789.3, 1539.1 and 1442.1 with the Sept. 19 all-time intraday high at 2019.26, and weekly, monthly, quarterly and semiannual risky levels at 2039.3, 2079.2, 2094.2 and 2080.3.

    NASDAQ - (4476) Semiannual and annual value levels are 3972, 3471 and 3063 with a daily pivot at 4455, the Sept. 19 multiyear intraday high at 4610.57 and monthly, semiannual, weekly and quarterly risky levels at 4609, 4642, 4691 and 4713.

    NASDAQ 100 (NDX) - (4027) Quarterly, semiannual and annual value levels are 3515, 3078 and 2669 with daily and quarterly pivots at 4010 and 4043, a semiannual risky level at 4105, the Sept. 19 multiyear intraday high at 4118.91, and monthly and weekly risky levels at 4152 and 4220.

    Dow Transports - (8482) Daily, semiannual and annual value levels are 8406, 7423, 6249 and 5935 with a semiannual pivot at 8447, the Sept. 19 all-time intraday high at 8714.94, and weekly, monthly and quarterly risky levels at 88872, 8790 and 9418.

    Russell 2000 - (1104.74) Annual value levels are 966.72 and 879.39 with daily and semiannual pivots at 1096.55 and 1139.81, monthly and weekly risky levels at 1159.82 and 1179.36, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1292.59.

    The SOX - (623.12) Semiannual and annual value levels are 608.02, 512.94, 371.58 and 337.74 with a daily risky level at 626.43, the Sept. 19 multiyear intraday high 659.64, and weekly, quarterly and monthly risky levels at 669.29, 687.65 and 691.22.

    Dow Utilities: (555.49) Semiannual and annual value levels are 523.72 and 497.53 with daily, annual and quarterly pivots at 551.88, 548.70 and 553.35, a weekly risky level at 566.36, 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 - (2.438) A quarterly value level is 3.258 with daily, weekly and, monthly pivots at 2.429, 2.500, 2.448 and annual and semiannual risky levels at 2.263, 1.999 and 1.779.

    30-Year Bond - (3.129) Annual and quarterly value levels are 3.283 and 3.963 with daily, weekly, monthly, semiannual and annual pivots at 3.113, 3.149, 3.089, 3.082 and 3.107.

    Comex Gold - ($1191.4) Weekly and quarterly value levels are $1176.22 and $906.43 with a daily pivot at $1197.4, and monthly, semiannual and annual risky levels at $1305.2, $1613.0, $1738.7 and $1747.4.

    Nymex Crude Oil - ($89.74) A weekly value level is $88.57 with a daily pivot at $92.16 and monthly, quarterly, semiannual, annual and quarterly risky levels at $100.07, $102.66, $106.48 and $107.52.

    The Euro - (1.2512) Daily, weekly and semiannual value levels are 1.2443, 1.2417 and 1.2203 with monthly, annual and quarterly risky levels at 1.3309, 1.3382 and 1.3603.

    The Dollar versus Japanese Yen - (109.79) Monthly and annual value levels are 105.94 and 93.38 with a daily pivot at 109.63 and weekly and quarterly risky levels at 111.40 and 123.64.

    The British Pound - (1.5969) A weekly value level is 1.5873 with a daily pivot at 1.5961, 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.

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

    Oct 04 11:03 AM | Link | Comment!
  • Only A Huge Rally Today Can Prevent Sell Signals Across The Major Averages.

    Closes below the five-week modified moving averages at 17023 Dow Industrials, 1983.5 S&P 500, 4513 Nasdaq, 8447 Dow Transports and 1148.29 on the Russell 2000 will shift the weekly charts for the major equity averages to negative. This would confirm the recent highs as cycle highs.

    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).

    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: (16801) Semiannual and annual value levels are 16310, 14835 and 13467 with a daily pivot at 16793, the Sept. 19 all-time intraday high at 17350.64 and weekly, monthly, quarterly and semiannual risky levels at 17495, 17779, 18045 and 18552.

    S&P 500 - (1946.2) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with a daily pivot at 1943.4, the Sept. 19 all-time intraday high at 2019.26, and weekly, monthly, quarterly and semiannual risky levels at 2041.0, 2079.2, 2094.2 and 2080.3.

    NASDAQ - (4430) Semiannual and annual value levels are 4401, 3972, 3471 and 3063 with a daily pivot at 4433, the Sept. 19 multiyear intraday high at 4610.57 and monthly, semiannual, weekly and quarterly risky levels at 4609, 4642, 4694 and 4713.

    NASDAQ 100 (NDX) - (3986) Quarterly, semiannual and annual value levels are 3515, 3078 and 2669 with daily and quarterly pivots at 3996 and 4043, a semiannual risky level at 4105, the Sept. 19 multiyear intraday high at 4118.91, and monthly and weekly risky levels at 4152 and 4203.

    Dow Transports - (8306) Semiannual and annual value levels are 7423, 6249 and 5935 with daily and semiannual pivots at 8290 and 8447, the Sept. 19 all-time intraday high at 8714.94, and weekly, monthly and quarterly risky levels at 8757, 8790 and 9418.

    Russell 2000 - (1096.38) Daily and annual value levels are 1087.16, 966.72 and 879.39 with a semiannual pivot at 1139.81, monthly and weekly risky levels at 1159.82 and 1179.36, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1292.59.

    The SOX - (619.66) Semiannual and annual value levels are 608.02, 512.94, 371.58 and 337.74 with a daily risky level at 627.88, the Sept. 19 multiyear intraday high 659.64, and weekly, quarterly and monthly risky levels at 666.50, 687.65 and 691.22.

    Dow Utilities: (552.51) Semiannual and annual value levels are 523.72 and 497.53 with daily, annual and quarterly pivots at 548.63, 548.70 and 553.35, a weekly risky level at 566.36, 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 - (2.438) A quarterly value level is 3.258 with daily, weekly and, monthly pivots at 2.413, 2.444, 2.448 and annual and semiannual risky levels at 2.263, 1.999 and 1.779.

    30-Year Bond - (3.147) Annual and quarterly value levels are 3.283 and 3.963 with annual, weekly, daily, monthly and semiannual pivots at 3.107, 3.143, 3.099, 3.089 and 3.082.

    Comex Gold - ($1214.6) A quarterly value level is $906.43 with a daily pivot at $1217.3, and weekly, monthly, semiannual and annual risky levels at $1227.4, $1305.2, $1613.0, $1738.7 and $1747.4.

    Nymex Crude Oil - ($91.32) Weekly and daily pivots are $91.14 and $93.50 with monthly, quarterly, semiannual, annual and quarterly risky levels at $100.07, $102.66, $106.48 and $107.52.

    The Euro - (1.2667) A semiannual value level is 1.2203 with daily and weekly pivots at 1.2547 and 1.2641 and monthly, annual and quarterly risky levels at 1.3309, 1.3382 and 1.3603.

    The Dollar versus Japanese Yen - (108.40) Monthly and annual value levels are 105.94 and 93.38 with weekly and daily pivots at 109.05 and 109.20 and quarterly risky level at 123.64.

    The British Pound - (1.6144) A weekly value level is 1.6067 with daily, quarterly and annual pivots at 1.6127, 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.

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

    Oct 02 6:04 PM | Link | Comment!
  • Friday's Closes Could Generate Sell Signals Across The Major Averages.

    Closes below the five-week modified moving averages at 17023 Dow Industrials, 1983.5 S&P 500, 4513 Nasdaq, 8447 Dow Transports and 1148.29 on the Russell 2000 will shift the weekly charts for the major equity averages to negative. This would confirm the recent highs as cycle highs.

    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).

    Weekly risky levels remain at 17495 Dow Industrials, 2041.0 S&P 500, 4694 Nasdaq, 8757 Dow Transports and 1179.36 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: (16805) Semiannual and annual value levels are 16310, 14835 and 13467 with a daily pivot at 16769, the Sept. 19 all-time intraday high at 17350.64 and weekly, monthly, quarterly and semiannual risky levels at 17495, 17779, 18045 and 18552.

    S&P 500 - (1946.2) Daily, semiannual and annual value levels are 1938.0, 1789.3, 1539.1 and 1442.1 with the Sept. 19 all-time intraday high at 2019.26, and weekly, monthly, quarterly and semiannual risky levels at 2041.0, 2079.2, 2094.2 and 2080.3.

    NASDAQ - (4422) Daily, semiannual and annual value levels are 4401, 3972, 3471 and 3063 with the Sept. 19 multiyear intraday high at 4610.57 and monthly, semiannual, weekly and quarterly risky levels at 4609, 4642, 4694 and 4713.

    NASDAQ 100 (NDX) - (3985) Daily, quarterly, semiannual and annual value levels are 3974, 3515, 3078 and 2669 with a quarterly pivot at 4043, a semiannual risky level at 4105, the Sept. 19 multiyear intraday high at 4118.91, and monthly and weekly risky levels at 4152 and 4203.

    Dow Transports - (8239) Daily, semiannual and annual value levels are 8202, 7423, 6249 and 5935 with a semiannual pivot at 8447, the Sept. 19 all-time intraday high at 8714.94, and weekly, monthly and quarterly risky levels at 8757, 8790 and 9418.

    Russell 2000 - (1085.41) Daily and annual value levels are 1074.49, 966.72 and 879.39 with a semiannual pivot at 1139.81, monthly and weekly risky levels at 1159.82 and 1179.36, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1292.59.

    The SOX - (623.36) Semiannual and annual value levels are 608.02, 512.94, 371.58 and 337.74 with a daily pivot at 625.33, the Sept. 19 multiyear intraday high 659.64, and weekly, quarterly and monthly risky levels at 666.50, 687.65 and 691.22.

    Dow Utilities: (553.63) Daily, semiannual and annual value levels are 544.58, 523.72 and 497.53 with annual and quarterly pivots at 548.70 and 553.35, a weekly risky level at 566.36, 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 - (2.389) A quarterly value level is 3.258 with daily, weekly and, monthly pivots at 2.414, 2.444, 2.448 and annual and semiannual risky levels at 2.263, 1.999 and 1.779.

    30-Year Bond - (3.097) Annual and quarterly value levels are 3.283 and 3.963 with annual, weekly, daily, monthly and semiannual pivots at 3.107, 3.143, 3.114, 3.089 and 3.082.

    Comex Gold - ($1214.9) A quarterly value level is $906.43 with a daily pivot at $1215.7, and weekly, monthly, semiannual and annual risky levels at $1227.4, $1305.2, $1613.0, $1738.7 and $1747.4.

    Nymex Crude Oil - ($90.83) Weekly and daily pivots are $91.14 and $91.56 with monthly, quarterly, semiannual, annual and quarterly risky levels at $100.07, $102.66, $106.48 and $107.52.

    The Euro - (1.2618) A semiannual value level is 1.2203 with daily and weekly pivots at 1.2600 and 1.2641 and monthly, annual and quarterly risky levels at 1.3309, 1.3382 and 1.3603.

    The Dollar versus Japanese Yen - (108.98) Monthly and annual value levels are 105.94 and 93.38 with weekly and daily pivots at 109.05 and 109.21 and quarterly risky level at 123.64.

    The British Pound - (1.6180) A weekly value level is 1.6067 with daily, quarterly and annual pivots at 1.6252, 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.

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

    Oct 01 8:31 PM | Link | Comment!
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