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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 S&P 500 And Nasdaq Set New Highs On Wednesday.  0 comments
    Mar 5, 2014 7:52 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The major equity averages are above their semiannual pivots / value levels at 16245 Dow Industrials, 1764.4 S&P 500, 3920 Nasdaq, 7245 Dow Transports and 1133.29 Russell 2000. A quarterly value level is 7086 Dow Transports with quarterly pivots at 4274 Nasdaq, 1180.35 Russell 2000 and quarterly risky levels at 16761 Dow Industrials and 1896.0 S&P 500. Wednesday's new all-time or multiyear highs were 1876.53 S&P 500 and 4362.50 on the Nasdaq. Monthly risky levels are 16644 Dow Industrials, 1930.7 S&P 500, 4567 Nasdaq, 7802 Dow Transports and 1253.12 Russell 2000.

    Dow Industrials: (16,360) Semiannual, weekly and annual value levels are 16,245, 15,790, 14,835 and 13,467 with a daily risky level at 16,445, the Dec. 31 all-time intraday high at 16,588.25 and monthly, quarterly and semiannual risky levels at 16,644, 16,761 and 16,860.

    S&P 500 - (1873.8) Weekly, semiannual and annual value levels are 1823.0, 1797.3, 1764.4, 1539.1 and 1442.1 with the March 5 all-time intraday high at 1876.53, and daily, quarterly and monthly risky levels at 1879.1, 1896.0 and 1930.7.

    NASDAQ - (4358) Semiannual and annual value levels are 3930, 3920, 3471 and 3063 with semiannual and weekly pivots at 4274 and 4280, the March 5 multiyear intraday high at 4362.50 and daily and monthly risky levels at 4369 and 4567.

    NASDAQ 100 (NDX) - (3727) Semiannual and annual value levels are 3456, 3458, 3078 and 2669 with weekly and quarterly pivots at 3684 and 3714, the March 5 multiyear intraday high at 3732.98 and daily and monthly risky levels at 3733 and 3925.

    Dow Transports - (7490) Semiannual, quarterly and annual value levels are 7245, 7086, 6249 and 5935 with daily, weekly and semiannual pivots at 7429, 7338 and 7376, the Jan. 23 all-time intraday high at 7591.43 and monthly risky level at 7802.

    Russell 2000 - (1205.91) Weekly, semiannual and annual value levels are 1156.00, 1133.29, 1130.79, 966.72 and 879.39 with quarterly and daily pivots at 1180.35 and 1212.71, the March 4 all-time intraday high at 1212.82 and monthly risky level at 1253.12.

    The SOX - (571.30) Quarterly, semiannual and annual value levels are 536.98, 490.52, 371.58 and 337.74 with semiannual, monthly, daily and weekly pivots at 548.36, 561.69, 569.73 and 565.14 and March 5 multiyear intraday high at 572.58.

    Dow Utilities: (514.93) Daily, monthly, semiannual, annual and quarterly value levels are 511.61, 510.88, 504.74, 497.53 and 496.84 with semiannual, weekly and annual risky levels at 524.37, 533.97 and 548.70.

    The yield on the US Treasury 10-Year note (2.704%) is on the cusp of its 21-day SMA at 2.699% above its 200-day SMA at 2.645% and below its 50-day SMA at 2.794%. The weekly chart shows this yield below its five-week MMA at 2.734% and above its 200-week SMA at 2.423%.

    The yield on the US Treasury 30-Year bond (3.647%) is below its 21-day, 50-day and 200-day SMAs at 3.662%, 3.738% and 3.678%. The weekly chart shows this yield below its five-week MMA at 3.688% and above its 200-week SMA at 3.544%.

    Comex Gold ($1340.3) remains above its 200-day SMA at $1303.2 and its 21-day and 50-day SMAs at $1308.7 and $1266.1 on a neutral daily chart. The weekly chart is positive but overbought with its 5-week MMA at $1296.4 and the 200-week SMA at $1491.9.

    Nymex Crude Oil ($101.45) remains above its 21-day, 50-day and 200-day SMAs at $101.21, $98.18 and $100.00. The weekly chart is positive but overbought with its five-week MMA at $99.81 and the 200-week SMA at $93.14.

    The Euro (1.3736) has a neutral daily chart with the 21-day, 50-day and 200-day SMAs at 1.3701, 1.3657 and 1.3459 with my monthly risky level at 1.4112. The weekly chart is positive with its five-week MMA at 1.3689 and the 200-week SMA at 1.3323.

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

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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