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  • Key Levels For Today's Closes Are 4149 Nasdaq And 1151.19 Russell 2000. 0 comments
    Apr 24, 2014 5:46 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The Nasdaq and Russell 2000 need to close today below their five-week modified moving averages at 4149 and 1151.19 to continue to provide the bear side of the bull vs. bear tug-of-war. Dow Industrials, S&P 500 and Dow Transports are on the bull side of their five-week MMAs at 16250, 1847.7 and 7473.

    The key risky levels remain: a semiannual level at 16860 Dow Industrials, a monthly level at 1895.6 S&P 500, a monthly level at 7812 Dow Transports and quarterly pivot at 1169.22 on Russell 2000.

    At the April 15 intraday low the Nasdaq stay just above its semiannual value levels at 3930 and 3920 keeping the low end of the 2014 volatility range in-tact.

    If the Nasdaq and Russell 2000 end the week above their five-week MMAs at 4149 and 1151.19 the Dow Industrial Average will be poised to challenge its semiannual risky level at 16860.

    The downside risk in 2014 is to annual value levels at 14835 and 13467 Dow Industrials, 1539.1 and 1442.1 S&P 500, 3471 and 3063 Nasdaq, 6249 and 5935 on Dow Transports and 966.72 and 879.39 on Russell 2000.

    Dow Industrials: (16501) Monthly, semiannual and annual value levels are 16297, 16245, 14835 and 13467 with quarterly and weekly pivots at 16462 and 16502, the April 4 all-time intraday high at 16631.63 and daily and semiannual risky levels at 16804 and 16860.

    S&P 500 - (1878.6) Semiannual and annual value levels are 1797.3, 1764.4, 1539.1 and 1442.1 with quarterly and weekly pivots at 1853.5 and 1877.8, the April 4 all-time intraday high at 1897.28 and monthly and daily risky levels at 1895.6 and 1914.3.

    NASDAQ - (4148) Quarterly, semiannual and annual value levels are 4039, 3930, 3920, 3471 and 3063 with a weekly pivot at 4101, a daily risky level at 4210, the March 6 multiyear intraday high at 4371.71 and monthly risky level at 4446.

    NASDAQ 100 (NDX) - (3591) Weekly, semiannual, quarterly and annual value levels are 3517, 3458, 3456, 3424, 3078 and 2669 with a daily risky level at 3646, the March 6 multiyear intraday high at 3738.32, and monthly risky levels at 3834.

    Dow Transports - (7710) Quarterly, semiannual, and annual value levels are 7407, 7376, 7256, 7245, 6249 and 5935 with a weekly pivot at 7710, the April 23 all-time intraday high at 7774.58 and monthly and daily risky levels at 7812 and 7900.

    Russell 2000 - (1144.35) Annual value levels are 966.72 and 879.39 with semiannual pivots at 1133.29 and 1130.29, weekly, daily, quarterly and monthly risky levels at 1158.46, 1163.72, 1169.22 and 1211.52, and the March 4 all-time intraday high at 1212.82.

    The SOX - (591.64) Semiannual, quarterly and annual value levels are 548.36, 507.19, 490.52, 371.58 and 337.74 with weekly and monthly pivots at 584.80 and 581.64, a daily risky level at 600.69 and the April 3 multiyear intraday high at 601.40.

    Dow Utilities: (546.02) Weekly, quarterly, semiannual, monthly and annual value levels are 533.37, 528.10, 524.37, 504.74, 502.03 and 497.53, with an annual pivot at 548.70, the April 17 multiyear intraday high at 550.08, a daily risky level at 553.43 and the January 2008 all-time high is at 555.71.

    10-Year Note - (2.686) Daily and monthly value levels are 2.739 and 2.851 with weekly, quarterly, annual and semiannual risky levels at 2.679, 2.333, 2.263, 1.837 and 1.779.

    30-Year Bond - (3.459) A monthly value level is 3.718 with daily and weekly pivots at 3.482 and 3.455, and quarterly, annual and semiannual risky levels at 3.305, 3.283, 3.114, 3.107 and 2.624.

    Comex Gold - ($1292.5) Daily, monthly and quarterly value levels are $1275.5, $1264.2 and $1215.7 with weekly, semiannual and annual risky levels at $1317.1, $1710.6, $1747.4, $1818.8 and $1857.1.

    Nymex Crude Oil - ($101.96) Monthly and quarterly value levels are $95.04 and $89.40 with a weekly pivot at $101.96 and daily, semiannual and annual risky levels at $102.63, $104.74 and $107.52.

    The Euro - (1.3830) Annual, quarterly and semiannual value levels are 1.3382, 1.3185, 1.2642 and 1.2216 with a daily pivot at 1.3748, and weekly, monthly and annual risky levels at 1.3891, 1.3922 and 1.5512.

    The Dollar versus Japanese Yen - (102.28) Annual and semiannual value levels are 93.38 and 85.57 with a weekly pivot at 102.12 and daily, monthly and quarterly risky levels at 102.96, 104.99 and 105.66.

    The British Pound - (1.6801) Annual and quarterly value levels are 1.6262 and 1.6123 with daily and weekly pivots at 1.6826 and 1.6724 and a monthly risky level at 1.7497.

    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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