Seeking Alpha

Richard Suttmeier's  Instablog

Richard Suttmeier
Send Message
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
My company:
ValuEngine
My blog:
valuengine.com/ve/ma...
  • New All-Time Highs Set Again For The S&P 500 And Dow Transports.  0 comments
    Jul 23, 2014 6:59 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The S&P 500 set a new all-time intraday high at 1989.23 on Wednesday as did Dow Transports with a high at 8515.04. The S&P 500 is still shy of its monthly risky level at 1994.2, while Transports is above quarterly, monthly, semiannual and weekly pivots at 8256, 8365, 8447 and 8471.

    The weekly charts remain positive but overbought for Dow Industrials, S&P 500, S&P 500, Nasdaq and Dow Transports with the five-week modified moving averages at 16877 Industrials, 1950.4 S&P 500, 4356 Nasdaq and 8161 Transports.

    The Russell 2000 has a negative weekly chart with its five-week SMA at 1164.28.

    This week's risky levels are 17267 Dow Industrials, 2020.0 S&P 500, 4571 Nasdaq, 8471 Dow Transports and 1209.72 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 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, and 1215.89, 1293.11 and 1285.37 on Russell 2000,

    Dow Industrials: (17087) Semiannual and annual value levels are 16301, 14835 and 13467 with the July 17 all-time intraday high at 17151.56, and daily, weekly, monthly, quarterly and semiannual risky levels at 17205, 17267, 17364, 17753 and 18552.

    S&P 500 - (1987.0) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with a daily pivot at 1988.7, the July 23 all-time intraday high at 1989.23, and monthly, weekly, quarterly and semiannual risky levels at 1994.2, 2020.0, 2052.3 and 2080.3.

    NASDAQ - (4474) Semiannual and annual value levels are 3972, 3471 and 3063 with a daily pivot at 4453, the July 3 multiyear intraday high at 4485.93 and monthly, quarterly, weekly and semiannual risky levels at 4529, 4569, 4571 and 4642.

    NASDAQ 100 (NDX) - (3986) Semiannual and annual value levels are 3515, 3078 and 2669 with daily, quarterly and monthly pivots at 3976, 3894 and 3936, the July 23 multiyear intraday high at 3990.64, and weekly and semiannual risky levels at 3977, 4049 and 4105.

    Dow Transports - (8469) Quarterly, semiannual and annual value levels are 8256, 6249 and 5935 with monthly, semiannual and weekly pivots at 8356, 8447 and 8471, the July 23 all-time intraday high at 8515.04, and daily risky level at 8517.

    Russell 2000 - (1158.14) Daily, semiannual and annual value levels are 1145.69, 1139.81, 966.72 and 879.39 with the July 1 all-time intraday high at 1213.55, and weekly, monthly, semiannual and quarterly risky levels at 1209.72, 1215.89, 1285.37 and 1293.11.

    The SOX - (634.45) Quarterly, semiannual and annual value levels are 626.96, 608.02, 512.94, 371.58 and 337.74 with daily and monthly pivots at 841.53 and 642.34, the July 16 multiyear intraday high 652.28 and weekly risky level at 674.61.

    Dow Utilities: (558.71) Daily, annual, quarterly, semiannual and annual value levels are 555.03, 548.70, 536.44, 523.72 and 497.53, with a monthly pivot at 563.54, the June 30 all-time intraday high at 576.98 and weekly and semiannual risky levels at 578.76 and 612.49.

    10-Year Note - (2.466) Weekly, monthly and quarterly value levels are 2.565, 2.787 and 3.048 with a daily pivot at 2.469, and annual and semiannual risky levels at 2.263, 1.999 and 1.779.

    30-Year Bond - (3.259) Weekly, monthly and quarterly value levels are 3.355, 3.486 and 3.971 with annual and daily pivots at 3.283 and 3.252 and annual and semiannual risky levels at 3.107 and 3.082.

    Comex Gold - ($1305.7) Daily, quarterly and monthly value levels are $1275.3, $1234.6 and $1233.8 with a weekly pivot at $1306.0 and semiannual and annual risky levels at $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($102.99) No value levels with daily and weekly pivots at $104.12 and $103.46 and monthly, semiannual, annual and quarterly risky levels at $105.23, $107.52 and $113.12.

    The Euro - (1.3460) Annual and semiannual value levels are 1.3382 and 1.2203 with daily and weekly pivots at 1.3427 and 1.3555 and monthly, quarterly, semiannual and annual risky levels at 1.3819, 1.4079, 1.4617 and 1.5512.

    The Dollar versus Japanese Yen - (101.50) An annual value level is 93.38 with daily and weekly pivots at 101.64 and 101.58 and monthly and quarterly risky levels at 106.47 and 112.83.

    The British Pound - (1.7039) Quarterly and annual value levels are 1.6874 and 1.6262 with daily and weekly pivots at 1.7049 and 1.7186, 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.

Back To Richard Suttmeier's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.