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ValuEngine.com ValuEngine, Inc is an independent research company, producing recommendations, forecasted target prices, and fair market valuations on over 5,500 equities trading on US exchanges (including over 700 international ADR's).. Research on each equity is updated every trading day to... More
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  • The Dow Industrial Average Set A New High But Not The Others.  0 comments
    Dec 19, 2013 5:54 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The daily chart for the yield on the US Treasury 10-Year note is neutral / negative with the 21-day SMA at 2.818%. The daily chart for the US Treasury 30-Year bond is neutral with the 21-day SMA at 3.870%. The weekly charts favor higher 10-Year and 30-Year yields given weekly closes above their five-week MMA at 2.795% and 3.832%. Remember the QE's were designed to push down yields.

    10-Year Note - (2.933) Monthly and semiannual value levels are 3.117 and 3.227 with daily and weekly pivots at 2.901 and 2.896 and annual and quarterly risky levels at 2.476 and 2.252.

    30-Year Bond - (3.904) Weekly, and monthly and semiannual value levels are 3.955, 4.006 and 4.807 with a daily pivot at 3.895 and quarterly and annual risky levels at 3.487 and 3.014.

    Comex gold has a negative daily chart with the 21-day SMA at $1237.1 and the June 28 low at $1179.4. The weekly chart is negative but oversold with its five-week MMA at $1252.2.

    Crude oil has a positive but overbought daily chart with the 21-day, 50-day and 200-day SMAs at $96.10, $96.65 and $98.80. The weekly chart shifts to positive with a weekly close above the five-week MMA at $97.32 and the 200-week SMA at $92.24.

    The euro vs. the dollar has a positive daily chart with its 21-day, 50-day and 200-day SMAs at 1.3658, 1.3610 and 1.3275. The weekly chart is positive with its five-week MMA at 1.3609 and 200-week SMA at 1.3310.

    Comex Gold - ($1189.4) My monthly value level is $1062.1 with daily and weekly pivots at $1214.9 and $1225.7 and quarterly and annual risky levels at $1435.6, $1599.9 and $1852.1.

    Nymex Crude Oil - ($98.70) My weekly value level is $90.03 with daily and monthly pivots at $98.08 and $98.21 and semiannual, quarterly and annual risky levels at $109.84, $114.36 and $115.23.

    The Euro - (1.3655) Weekly, annual, quarterly and semiannual value levels are 1.3530, 1.3257, 1.2805, 1.2756 and 1.2477 with daily, monthly and annual risky levels at 1.3722, 1.3840 and 1.4295.

    Daily Charts Are Positive: The Dow Industrial Average is positive with the 21-day, 50-day and 200-day SMAs at 15,972, 15,745 and 15,225. The S&P 500 is positive with the 21-day, 50-day and 200-day SMAs at 1795.7, 1771.9 and 1669.4. The Nasdaq is positive with the 21-day, 50-day and 200-day SMAs at 4025, 3956 and 3607. The Dow Transportation Average is positive with the 21-day, 50-day and 200-day SMAs at 7178, 7064 and 6524. The Russell 2000 is positive with the 21-day, 50-day and 200-day SMAs at 1122.64, 1111.32 and 1027.08.

    Weekly Charts Are Positive / Overbought: Dow Industrials remains positive / overbought with its five-week MMA at 15,866 as the 200-week SMA rises to 12,719. The S&P 500 is positive / overbought with its five-week MMA at 1781.1 and the 200-week SMA at 1364.9. The Nasdaq is positive / overbought with its five-week MMA at 3983 and the 200-week SMA at 2901. Dow Transports is positive / overbought with its five-week MMA at 7085 and the 200-week SMA at 5287. The Russell 2000 is neutral / overbought with its five-week MMA at 1114.18 and the 200-week SMA at 820.27.

    The Major Equity Averages Straddle Risky Levels: My monthly value level is 6941 Dow Transports with a weekly / monthly pivots at 16,093 Dow Industrials, 1810.2 S&P 500, 4061 Nasdaq and 1116.90 Russell 2000 with weekly / monthly risky levels at 16,287 Dow Industrials, 1823.4 S&P 500, 4114 Nasdaq, 7413 Dow Transports and 1143.82 Russell 2000. Semiannual and quarterly pivots are 1743.5 S&P 500, 3759 / 4025 Nasdaq, 7104 / 7205 Dow Transports and 1089.42 Russell 2000. Semiannual and quarterly risky levels are 16,490 / 16,775 Dow Industrials, 1853.8 S&P 500 and 1163.21 Russell 2000. 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: (16,179) Daily, semiannual and annual value levels are 15,885, 14,724 and 12,696 with a monthly pivot at 16,093, the Dec. 19 all-time intra-day high at 16,194.73, and weekly, semiannual and quarterly risky levels at 16,287, 16,490 and 16,775.

    S&P 500 - (1809.6) Daily, semiannual and annual value levels are 1776.7, 1743.5 and 1348.3 with a monthly pivot at 1810.2, the Nov. 29 all-time intra-day high at 1813.55, and weekly and quarterly risky levels at 1823.4 and 1853.8.

    NASDAQ - (4058) Daily, semiannual and annual value levels are 3999, 3759, 3668 and 2806 with quarterly and weekly pivots at 4025 and 4061, the Dec. 9 multi-year intra-day high at 4081.78, and monthly risky level at 4114.

    NASDAQ 100 (NDX) - (3499) Daily, semiannual and annual value levels are 3451, 3304 and 2463 with quarterly and weekly pivots at 3477 and 3508, my monthly risky level at 3518, and the Dec. 9 multi-year intra-day high at 3524.00.

    Dow Transports - (7206) Daily, monthly and annual value levels are 7056, 6941, 5925 and 5469 with semiannual and quarterly pivots at 7104 and 7205, the Dec. 2 all-time intra-day high at 7304.49, and a weekly risky level at 7413.

    Russell 2000 - (1125.45) Daily, semiannual and annual value levels are 1104.91, 1089.42, 860.25 and 809.54 with weekly and monthly pivots at 1116.90 and 1143.82, the Nov. 29 all time intra-day high at 1147.00, and quarterly risky level at 1163.21.

    The SOX - (517.78) Daily, weekly and annual value levels are 510.49, 505.37 and 338.03 with a quarterly pivot at 514.87, the Dec. 18 multi-year intra-day high at 521.19, and monthly and semiannual risky levels at 526.74 and 533.56.

    Dow Utilities: (483.74) Daily, monthly and semiannual pivots are 475.23, 479.08 and 481.92 with weekly, quarterly, semiannual and annual risky levels at 492.60, 520.55, 523.33 and 540.37.

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

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