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Richard Suttmeier
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I am the Founder & CEO at Global Market Consultants, Ltd. I consider myself as a Financial Engineer with an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. In 1972 I began my career in the financial services industry trading U.S. Treasury securities in the... More
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  • Nasdaq Has Held Up Better Than The Other Major Averages.  0 comments
    Aug 6, 2014 5:51 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    All five major averages are below their 50-day simple moving averages at 16869 Dow Industrials, 1955.1 S&P 500, 4374 Nasdaq, 8205 Dow Transports and 1159.56 Russell 2000.

    The Russell 2000 is below its 200-day SMA at 1144.70 with Dow Industrials close to a test at 16339.

    The five major averages remain below their five-week modified moving averages at 16814 Dow Industrials, 1949.8 S&P 500, 4369 Nasdaq, 8195 Dow Transports and 1150.95 Russell 2000.

    The 12x3x3 weekly slow stochastics may be declining below 80.00 on all major all major averages except the Nasdaq.

    Weekly and monthly risky levels are below the July highs at 16772 and 16871 Dow Industrials, 1966.1 and 1970.2 S&P 500, 4471 and 4450 Nasdaq, 8241 and 8292 Dow Transports and 1153.62 and 1156.01 Russell 2000.

    The all-time or multiyear intraday highs and the dates set are 17151.56 (July 17) Dow Industrials, 1991.39 (July 24) S&P 500 (7/24), 4485.93 (July 3) Nasdaq, 8515.04 (July 23) Dow Transports, and 1213.55 (July 1) Russell 2000).

    Semiannual and annual value levels / pivots remain at 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. The Russell 2000 below is 1139.81.

    Quarterly and semiannual risky levels or pivots remain at are 17753 and 18522 Dow Industrials, 2052.3 and 2080.3 S&P 500, 4569 and 4642 Nasdaq, 8256 and 8447 Dow Transports and 1293.11 and 1285.37 on the Russell 2000. Transports set its high above these levels, but is back below them,

    The Dow Utility Average has still has a negative weekly chart with its five-week MMA at 552.10 after setting an all-time intraday high at 576.98 on June 30.

    The weekly chart for the PHLX Semiconductor Index (SOX) shifts to negative on a close this week below its five-week MMA at 621.97 after setting a multiyear intraday high at 652.28 on July 16.

    Dow Industrials: (16443) Daily, semiannual and annual value levels are 16310, 16301, 14835 and 13467 with weekly and monthly risky levels at 16472, 16772 and 16871, the July 17 all-time intraday high at 17151.56, and quarterly and semiannual risky levels at 17753 and 18552.

    S&P 500 - (1920.2) Daily, semiannual and annual value levels are 1904.9, 1789.3, 1539.1 and 1442.1 with weekly and monthly risky levels at 1966.1 and 1970.2, the July 24 all-time intraday high at 1991.39, and quarterly and semiannual risky levels at 2052.3 and 2080.3.

    NASDAQ - (4355) Daily, semiannual and annual value levels are 4333, 3972, 3471 and 3063 with weekly and monthly risky levels at 4471 and 4450, the July 3 multiyear intraday high at 4485.93 and quarterly and semiannual risky levels at 4569 and 4642.

    NASDAQ 100 (NDX) - (3874) Daily, semiannual and annual value levels are 3859, 3515, 3078 and 2669 with a quarterly pivot at 3894, weekly and monthly risky levels at 3964 and 3925, the July 24 multiyear intraday high at 3997.50, and semiannual risky level at 4105.

    Dow Transports - (8010) Daily, semiannual and annual value levels are 7865, 7423, 6249 and 5935 with weekly, monthly, quarterly and semiannual risky levels at 8241, 8292, 8256 and 8447 and the July 23 all-time intraday high at 8515.04.

    Russell 2000 - (1125.55) Daily and annual value levels are 1113.08, 966.72 and 879.39 with a semiannual pivot at 1139.81, weekly and monthly risky levels at 1153.62 and 1156.01, the July 1 all-time intraday high at 1213.55, and semiannual and quarterly risky levels at 1285.37 and 1293.11.

    The SOX - (607.71) Daily, semiannual and annual value levels are 605.87, 512.94, 371.58 and 337.74 with semiannual and quarterly pivots at 608.02 and 626.96, a weekly risky level at 641.91, the July 16 multiyear intraday high 652.28 and monthly risky level at 654.50.

    Dow Utilities: (526.03) Semiannual and annual value levels are 530.42, 523.72 and 497.53, with daily, quarterly and annual pivots at 526.38, 536.44 and 548.70, weekly and monthly risky levels at 559.17 and 579.73, the June 30 all-time intraday high at 576.98 and semiannual risky level at 612.49.

    10-Year Note - (2.471) Daily, monthly, quarterly value levels are 2.528, 2.545 and 3.048 with a weekly pivot at 2.480 and annual and semiannual risky levels at 2.263, 1.999 and 1.779.

    30-Year Bond - (3.273) Daily and quarterly value levels are 3.320 and 3.971 with an annual pivot at 3.283 and weekly, monthly, annual and semiannual risky levels at 3.256, 3.178, 3.107 and 3.082.

    Comex Gold - ($1307.7) Daily and quarterly value levels are $1287.4 and $1234.6 with a monthly pivot at $1304.3 and weekly, semiannual and annual risky levels at $1364.0, $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($96.91) A daily value level is $95.30 with weekly, semiannual, annual, monthly and quarterly risky levels at $102.52,$106.48, $107.52 and $107.70.

    The Euro - (1.3374) My semiannual value level is 11.2203 with daily and annual pivots at 1.3369 and 1.3382 and weekly, monthly and quarterly risky levels at 1.3422, 1.3703 and 1.4079.

    The Dollar versus Japanese Yen - (102.57) An annual value level is 93.38 with weekly and monthly pivots at 101.32 and 102.76 and daily and quarterly risky levels at 103.06 and 112.83.

    The British Pound - (1.6854) My annual value level is 1.6262 with daily and quarterly pivots at 1.6803 and 1.6874 and monthly, weekly, semiannual and monthly risky levels at 1.7177, 1.7194 and 1.7302.

    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.

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