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Monday Was A Day Without New Highs.

|Includes:DIA, GLD, QQQ, SPY, iShares 20+ Year Treasury Bond ETF (TLT), XLE

All five major averages have overbought daily charts as measured by 12x3x3 daily slow stochastics.

The Dow Industrial Average remains below its all-time high set on Dec. 31 at 16,588.25. The S&P 500 set its all-time intraday high at 1883.57 on Friday, March 7. The Nasdaq set its multiyear intraday high at 4371.71 last Thursday, March 6. The Dow Transportation Average set its all-time high at 7627.44 on Friday, March 7. The Russell 2000 set its all-time high at 1212.82 on Tuesday, March 4.

Dow Industrials: (16,419) Semiannual, weekly and annual value levels are 16,245, 15,855, 14,835 and 13,467 with a daily risky level at 16,520, 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 - (1877.2) Weekly, semiannual and annual value levels are 1824.1, 1797.3, 1764.4, 1539.1 and 1442.1 with the March 7 all-time intraday high at 1883.57, and daily, quarterly and monthly risky levels at 1891.9, 1896.0 and 1930.7.

NASDAQ - (4334) Semiannual and annual value levels are 3930, 3920, 3471 and 3063 with semiannual, weekly and daily pivots at 4274, 4279 and 4368, the March 6 multiyear intraday high at 4371.71 and monthly risky level at 4567.

NASDAQ 100 (NDX) - (3706) Semiannual and annual value levels are 3456, 3458, 3078 and 2669 with daily, weekly and quarterly pivots at 3734, 3690 and 3714, the March 6 multiyear intraday high at 3738.32 and monthly risky level at 3925.

Dow Transports - (7580) Weekly, semiannual, quarterly and annual value levels are 7282, 7376, 7245, 7086, 6249 and 5935 with the March 7 all-time intraday high at 7627.44 and daily and monthly risky levels at 7668 and 7802.

Russell 2000 - (1200.54) Weekly, semiannual and annual value levels are 1160.69, 1133.29, 1130.79, 966.72 and 879.39 with a quarterly pivot at 1180.35, a daily risky level at 1211.80, the March 4 all-time intraday high at 1212.82 and monthly risky level at 1253.12.

The SOX - (573.22) 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, 574.72 and 569.51 and the March 7 multiyear intraday high at 577.64.

Dow Utilities: (512.51) Daily, monthly, semiannual, annual and quarterly value levels are 512.12, 510.88, 504.74, 497.53 and 496.84 with semiannual, weekly and annual risky levels at 524.37, 525.00 and 548.70.

The yield on the US Treasury 10-Year note (2.777%) is above its 21-day and 200-day SMAs at 2.713% and 2.657% and on the cusp of its 50-day SMA at 2.785%. The weekly chart shows this yield above its five-week MMA at 2.751% and its 200-week SMA at 2.424%.

The yield on the US Treasury 30-Year bond (3.720%) is above its 21-day and 200-day SMAs at 3.672% and 3.686% and on the cusp of its 50-day SMA at 3.729%. The weekly chart shows this yield above its five-week MMA at 3.704% after testing its 200-week SMA at 3.544%.

Comex Gold ($1340.0) remains above its 200-day SMA at $1302.8 and its 21-day and 50-day SMAs at $1321.3 and $1274.6 on a neutral daily chart. The weekly chart is positive but overbought with its 5-week MMA at $1296.0 and the 200-week SMA at $1491.9.

Nymex Crude Oil ($100.89) remains above its 50-day and 200-day SMAs at $98.33 and $100.09 but below its 21-day SMA at $101.83. The weekly chart is positive but overbought with its five-week MMA at $100.03 and the 200-week SMA at $93.14.

The Euro (1.3877) has a positive daily chart with the 21-day, 50-day and 200-day SMAs at 1.3732, 1.3664 and 1.3468 with my monthly risky level at 1.4112. The weekly chart is positive with its five-week MMA at 1.3717 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.

Stocks: TLT, GLD, XLE, DIA, QQQ, SPY