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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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  • New Highs Elude S&P 500 While Russell 2000 Fades 0 comments
    Jul 16, 2014 6:48 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The weekly charts remain positive but overbought for Dow Industrials, S&P 500, Nasdaq and Dow Transports with weekly closes above their five-week modified moving averages at 16822 Dow Industrials, 1943.4 S&P 500, 4337 Nasdaq and 8103 Dow Transports.

    The weekly chart for the Russell 2000 shifts to negative with a close this week below its five-week modified moving average at 1167.45.

    Dow Transports ended Wednesday above quarterly and monthly pivots at 8256 and 8365.

    This week's risky levels are 17237 Dow Industrials, 2023.1 S&P 500, 4608 Nasdaq, 8494 Dow Transports and 1229.20 Russell 2000.

    Semiannual and annual value levels are 16301, 14835 and 13437 Dow Industrials, 1789.3, 1539.1 and 1442.1 S&P 500, 3972, 3471, 3063 Nasdaq, 7423, 6249 and 5935 Dow Transports and 1139.81, 966.72 and 879.39 Russell 2000.

    Monthly, quarterly and semiannual risky levels are 17364, 17753 and 18522 Dow Industrials, 1994.2, 2052.3 and 2080.3 S&P 500, 4529, 4569 and 4642 Nasdaq, 8447 Dow Transports and 1215.89, 1293.11 and 1285.37 on Russell 2000,

    Dow Industrials: (17138) Daily, semiannual and annual value levels are 16,969, 16301, 14835 and 13467 with the July 16 all-time intraday high at 17139.35, and weekly, monthly, quarterly and semiannual risky levels at 17237, 17364, 17753 and 18552.

    S&P 500 - (1981.6) Daily, semiannual and annual value levels are 1962.1, 1789.3, 1539.1 and 1442.1 with the July 3 all-time intraday high at 1985.29, and monthly, weekly, quarterly and semiannual risky levels at 1994.2, 2023.1, 2052.3 and 2080.3.

    NASDAQ - (4426) Daily, semiannual and annual value levels are 4355, 3972, 3471 and 3063 with the July 3 multiyear intraday high at 4485.93 and monthly, quarterly, weekly and semiannual risky levels at 4529, 4569, 4608 and 4642.

    NASDAQ 100 (NDX) - (3932) Daily, quarterly, semiannual and annual value levels are 3891, 3894, 3515, 3078 and 2669 with a monthly pivot at 3936, the July 16 multiyear intraday high at 3947.49, and weekly and semiannual risky levels at 4049 and 4105.

    Dow Transports - (8397) Daily, quarterly, semiannual and annual value levels are 8280, 8256, 6249 and 5935 with a monthly pivot at 8356, the July 16 all-time intraday high at 8403.57, and semiannual and weekly risky levels at 8447 and 8494.

    Russell 2000 - (1151.55) Daily, semiannual and annual value levels are 1120.08, 1139.81, 966.72 and 879.39 with the July 1 all-time intraday high at 1213.55, and monthly, weekly, semiannual and quarterly risky levels at 1215.89, 1229.20, 1285.37 and 1293.11.

    The SOX - (651.76) Daily, monthly, quarterly, semiannual and annual value levels are 642.06, 642.34, 626.96, 608.02, 512.94, 371.58 and 337.74 with the July 16 multiyear intraday high 652.28 and weekly risky level at 676.71.

    Dow Utilities: (558.72) Annual, quarterly, semiannual and annual value levels are 548.70, 536.44, 523.72 and 497.53, with daily, monthly and weekly pivots at 562.02, 563.54 and 569.49, the June 30 all-time intraday high at 576.98 and semiannual risky level at 612.49.

    10-Year Note - (2.532) Weekly, monthly and quarterly value levels are 2.597, 2.787 and 3.048 with daily, annual and semiannual risky levels at 2.455, 2.263, 1.999 and 1.779.

    30-Year Bond - (3.343) Weekly, monthly and quarterly value levels are 3.442, 3.486 and 3.971 with daily, annual and semiannual risky levels at 3.260, 3.283, 3.107 and 3.082.

    Comex Gold - ($1299.2) Quarterly and monthly value levels are $1234.6 and $1233.8 with weekly and daily pivots at $1308.8 and $1312.2 and semiannual and annual risky levels at $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($101.38) A daily value level is $99.97, with monthly, weekly, semiannual, annual and quarterly risky levels at $105.23, $105.44, $107.52 and $113.12..

    The Euro - (1.3523) Annual and semiannual value levels are 1.3382 and 1.2203 with daily and weekly pivots at 1.3572 and 1.3531 and monthly, quarterly, semiannual and annual risky levels at 1.3819, 1.4079, 1.4617 and 1.5512.

    The Dollar versus Japanese Yen - (101.71) My annual value level is 93.38 with daily and weekly pivots at 100.98 and 102.16 and monthly and quarterly risky levels at 106.47 and 112.83.

    The British Pound - (1.7134) Quarterly and annual value levels are 1.6874 and 1.6262 with weekly and daily pivots at 1.7144 and 1.7105 and semiannual and monthly risky levels at 1.7302 and 1.7438.

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

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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