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  • This Week Could End Confirming The 2014 Highs As A Market Top.

    The major equity averages continue to straddle their five-week modified moving averages at 17023 Dow Industrials, 1983.5 S&P 500, 4513 Nasdaq, 8447 Dow Transports and 1148.29 . The 12x3x3 weekly slow stochastics are overbought for the first four, but declining on the Russell 2000, which has declining stochastics.

    Closes this week below the five-week MMAs would be a huge negative for stocks, confirming the 2014 highs as significant and setting the stage for a correction.

    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).

    New weekly risky levels are 17495 Dow Industrials, 2041.0 S&P 500, 4694 Nasdaq, 8757 Dow Transports and 1179.36 on the Russell 2000.

    Tuesday's closes are month end and quarter end and both are projected to be risky levels at which to sell on strength.

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

    Dow Industrials: (17071) Monthly, semiannual and annual value levels are 16615, 16310, 14835 and 13467 with a daily risky level at 17107, the Sept. 19 all-time intraday high at 17350.64 and weekly, quarterly and semiannual risky levels at 17495, 17753 and 18552.

    S&P 500 - (1977.8) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with monthly and daily pivots at 1978.2 and 1976.8, the Sept. 19 all-time intraday high at 2019.26, and weekly, quarterly and semiannual risky levels at 2041.0, 2052.3 and 2080.3.

    NASDAQ - (4506) Semiannual and annual value levels are 3972, 3471 and 3063 with monthly, daily and quarterly pivots at 4469, 4495 and 4569, the Sept. 19 multiyear intraday high at 4610.57 and semiannual and weekly risky levels at 4642 and 4694.

    NASDAQ 100 (NDX) - (4047) Monthly, quarterly, semiannual and annual value levels are 3972, 3894, 3515, 3078 and 2669 with a daily risky level at 4052, a semiannual risky level at 4105, the Sept. 19 multiyear intraday high at 4118.91, and weekly risky level at 4203.

    Dow Transports - (8498) Daily, quarterly, semiannual and annual value levels are 8379, 8256, 7423, 6249 and 5935 with a semiannual pivot at 8447, the Sept. 19 all-time intraday high at 8714.94, and weekly risky level at 8757.

    Russell 2000 - (1117.90) Daily and annual value levels are 1101.21, 966.72 and 879.39 with semiannual and monthly pivots at 1139.81 and 1149.70, a weekly risky level at 1179.36, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1293.11.

    The SOX - (644.23) Quarterly, semiannual and annual value levels are 626.96, 608.02, 512.94, 371.58 and 337.74 with a daily pivot at 641.69, the Sept. 19 multiyear intraday high 659.64 and monthly and weekly risky levels at 662.59 666.50.

    Dow Utilities: (550.79) Quarterly, semiannual and annual value levels are 536.44, 523.72 and 497.53 with daily and annual pivots at 545.20 and 548.70, a weekly risky level at 566.36, the June 30 all-time intraday high at 576.98 and monthly and semiannual risky levels at 598.26 and 612.49.

    10-Year Note - (2.490) A quarterly value level is 3.048 with daily, weekly, monthly and semiannual risky levels at 2.464, 2.444, 2.263, 2.071, 1.999 and 1.779.

    30-Year Bond - (3.178) A quarterly value level is 3.971 with an annual pivot at 3.283, and weekly, daily, annual, semiannual and weekly risky levels at 3.143, 3.123, 3.107 and 3.082, and monthly and semiannual risky levels at 2.791 and 2.487.

    Comex Gold - ($1216.5) A daily pivot is $1214.8 with weekly and quarterly pivots at $1227.4 and $1234.6, and monthly, semiannual and annual risky levels at $1372.2, $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($94.50) Weekly and daily value levels are $91.14 and $91.57 with monthly, semiannual, annual and quarterly risky levels at $101.21, $106.48, $107.52 and $107.70.

    The Euro - (1.2689) A semiannual value level is 1.2203 with daily and weekly pivots at 1.2690 and 1.2641 and monthly, annual and quarterly risky levels at 1.3340, 1.3382 and 1.4079.

    The Dollar versus Japanese Yen - (109.44) Monthly and annual value levels are 99.92 and 93.38 with a weekly pivot at 109.05 and daily and quarterly risky levels at 109.75 and 112.83.

    The British Pound - (1.6241) A weekly value level is 1.6067 with daily, quarterly and monthly risky levels at 1.6347, 1.6874 and 1.6928.

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

    Sep 29 5:22 PM | Link | Comment!
  • This Week Could End Confirming The 2014 Highs As A Market Top.

    The major equity averages ended last week straddling their five-week modified moving averages at 17023 Dow Industrials, 1983.5 S&P 500, 4513 Nasdaq, 8447 Dow Transports and 1148.29 . The 12x3x3 weekly slow stochastics are overbought for the first four, but declining on the Russell 2000, which has declining stochastics.

    Closes this week below the five-week MMAs would be a huge negative for stocks, confirming the 2014 highs as significant and setting the stage for a correction.

    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).

    New weekly risky levels are 17495 Dow Industrials, 2041.0 S&P 500, 4694 Nasdaq, 8757 Dow Transports and 1179.36 on the Russell 2000.

    Tuesday's closes are month end and quarter end and both are projected to be risky levels at which to sell on strength.

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

    Dow Industrials: (17113) Monthly, semiannual and annual value levels are 16615, 16310, 14835 and 13467 with a daily risky level at 17160, the Sept. 19 all-time intraday high at 17350.64 and weekly, quarterly and semiannual risky levels at 17495, 17753 and 18552.

    S&P 500 - (1982.9) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with monthly and daily pivots at 1978.2 and 1985.8, the Sept. 19 all-time intraday high at 2019.26, and weekly, quarterly and semiannual risky levels at 2041.0, 2052.3 and 2080.3.

    NASDAQ - (4512) Semiannual and annual value levels are 3972, 3471 and 3063 with monthly, daily and quarterly pivots at 4469, 4518 and 4569, the Sept. 19 multiyear intraday high at 4610.57 and semiannual and weekly risky levels at 4642 and 4694.

    NASDAQ 100 (NDX) - (4052) Monthly, quarterly, semiannual and annual value levels are 3972, 3894, 3515, 3078 and 2669 with a daily risky level at 4065, a semiannual risky level at 4105, the Sept. 19 multiyear intraday high at 4118.91, and weekly risky level at 4203.

    Dow Transports - (8485) Quarterly, semiannual and annual value levels are 8256, 7423, 6249 and 5935 with semiannual and daily pivots at 8447 and 8492, the Sept. 19 all-time intraday high at 8714.94, and weekly risky level at 8757.

    Russell 2000 - (1119.33) Daily and annual value levels are 1112.45, 966.72 and 879.39 with semiannual and monthly pivots at 1139.81 and 1149.70, a weekly risky level at 1179.36, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1293.11.

    The SOX - (643.34) Quarterly, semiannual and annual value levels are 626.96, 608.02, 512.94, 371.58 and 337.74 with a daily risky level at 647.00, the Sept. 19 multiyear intraday high 659.64 and monthly and weekly risky levels at 662.59 666.50.

    Dow Utilities: (547.95) Quarterly, semiannual and annual value levels are 536.44, 523.72 and 497.53 with daily and annual pivots at 544.56 and 548.70, a weekly risky level at 566.36, the June 30 all-time intraday high at 576.98 and monthly and semiannual risky levels at 598.26 and 612.49.

    10-Year Note - (2.533) A quarterly value level is 3.048 with a daily pivot at 2.530, and weekly, monthly and semiannual risky levels at 2.444, 2.263, 2.071, 1.999 and 1.779.

    30-Year Bond - (3.217) A quarterly value level is 3.971 with daily and annual pivots at 3.192 and 3.283, and weekly, annual, semiannual and weekly risky levels at 3.143, 3.107 and 3.082, and monthly and semiannual risky levels at 2.791 and 2.487.

    Comex Gold - ($1217.7) A daily value level is $1204.4 with weekly and quarterly pivots at $1227.4 and $1234.6, and monthly, semiannual and annual risky levels at $1372.2, $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($93.44) Weekly and daily value levels are $91.14 and $90.64 monthly, semiannual, annual and quarterly risky levels at $101.21, $106.48, $107.52 and $107.70.

    The Euro - (1.2683) A semiannual value level is 1.2203 with daily and weekly pivots at 1.2646 and 1.2641 and monthly, annual and quarterly risky levels at 1.3340, 1.3382 and 1.4079.

    The Dollar versus Japanese Yen - (109.27) Monthly and annual value levels are 99.92 and 93.38 with a weekly pivot at 109.05 and daily and quarterly risky levels at 110.60 and 112.83.

    The British Pound - (1.6243) A weekly value level is 1.6067 with daily, quarterly and monthly risky levels at 1.6359, 1.6874 and 1.6928.

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

    Sep 27 1:59 PM | Link | Comment!
  • All Five Major Averages Could End The Week Below Five-Week MMAs.

    Four of the five major averages closed below their 50-day simple moving averages on Thursday. Dow Industrials did not making 16,936 Friday's key support on the daily charts.

    The "death cross", where the 50-day trends below the 200-day, remains in play on the Russell 2000.

    This negative cross-under began with the euro vs the dollar back on July 7. Nymex crude oil began September with a "death cross". The British pound had a "death cross" on Sept. 19. This week began with a "death cross" on Comex gold. The dollar vs Japanese yen had a "golden cross" on Sept.9.

    All five major equity averages are at risk of ending the week below their five-week modified moving averages at 17000 Dow Industrials, 1983.4 S&P 500, 4512 Nasdaq, 8436 Dow Transports and 1155.35 on the Russell 2000.

    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 value levels have become pivots at 16615 Dow Industrials, 1978.2 S&P 500, 4469 Nasdaq and 8410 Dow Transports with a monthly pivot at 1149.70 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.

    Quarterly and semiannual pivots are 4569 Nasdaq, 8256 and 8447 Dow Transports and 1139.81 Russell 2000.

    Dow Industrials: (16946) Weekly, monthly, semiannual and annual value levels are 16927, 16615, 16310, 14835 and 13467 with a daily risky level at 17228, the Sept. 19 all-time intraday high at 17350.64 and quarterly and semiannual risky levels at 17753 and 18552.

    S&P 500 - (1966.0) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with monthly and weekly pivots at 1978.2 and 1981.1, a daily risky level at 2000.5, the Sept. 19 all-time intraday high at 2019.26, and quarterly and semiannual risky levels at 2052.3 and 2080.3.

    NASDAQ - (4467) Semiannual and annual value levels are 3972, 3471 and 3063 with monthly, weekly and quarterly pivots at 4469, 4577 and 4569, the Sept. 19 multiyear intraday high at 4610.57 and semiannual risky level at 4642.

    NASDAQ 100 (NDX) - (4008) Monthly, quarterly, semiannual and annual value levels are 3972, 3894, 3515, 3078 and 2669 with weekly and daily risky levels at 4090 and4096, a semiannual risky level at 4105 and the Sept. 19 multiyear intraday high at 4118.91.

    Dow Transports - (8385) Quarterly, semiannual and annual value levels are 8256, 7423, 6249 and 5935 with weekly and semiannual pivots at 8402 and 8447, a daily resistance at 8538, and the Sept. 19 all-time intraday high at 8714.94.

    Russell 2000 - (1110.24) Annual value levels are 966.72 and 879.39 with daily, semiannual, weekly and monthly pivots at 1121.91, 1139.81, 1154.64 and 1149.70, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1293.11.

    The SOX - (635.42) Quarterly, semiannual and annual value levels are 626.96, 608.02, 512.94, 371.58 and 337.74 with daily and weekly risky levels at 656.08 and 653.52, the Sept. 19 multiyear intraday high 659.64 and monthly risky level at 662.59.

    Dow Utilities: (546.00) Quarterly, semiannual and annual value levels are 536.44, 523.72 and 497.53 with annual and weekly pivots at 548.70 and 550.91, a daily risky level at 553.14, the June 30 all-time intraday high at 576.98 and monthly and semiannual risky levels at 598.26 and 612.49.

    10-Year Note - (2.508) A quarterly value level is 3.048 with a daily pivot at 2.543, and weekly, monthly and semiannual risky levels at 2.475, 2.263, 2.071, 1.999 and 1.779.

    30-Year Bond - (3.215) A quarterly value level is 3.971 with daily and annual pivots at 3.241 and 3.283, and weekly, annual, semiannual and weekly risky levels at 3.216, 3.107 and 3.082, and monthly and semiannual risky levels at 2.791 and 2.487.

    Comex Gold - ($1221.4) A daily value level is $1211.4 with quarterly and weekly pivots at $1234.6 and $1232.6 and monthly, semiannual and annual risky levels at $1372.2, $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($92.49) A weekly value level is $87.59 with a daily pivot at $92.70 and monthly, semiannual, annual and quarterly risky levels at $101.21, $106.48, $107.52 and $107.70.

    The Euro - (1.2742) A semiannual value level is 1.2203 with daily and weekly pivots at 1.2741 and 1.2834 and monthly, annual and quarterly risky levels at 1.3340, 1.3382 and 1.4079.

    The Dollar versus Japanese Yen - (108.72) Monthly and annual value levels are 99.92 and 93.38 with a weekly pivot at 108.22 and daily and quarterly risky levels at 109.97 and 112.83.

    The British Pound - (1.6312) A weekly value level is 1.6056 with daily, quarterly and monthly risky levels at 1.6422, 1.6874 and 1.6928.

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

    Sep 25 6:02 PM | Link | Comment!
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