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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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  • The Major Averages Straddle The Five-Week MMAs As Friday Begins 0 comments
    Aug 14, 2014 8:16 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    Going into todays closes the S&P 500, Nasdaq and Dow Transports are above their five-week modified moving averages at 1946.1, 4368 and 8171, respectively, with the Dow Industrials and the Russell 2000 below their five-week MMAs at 16762 and 1146.72, respectively. This rug-of-war will end either confirming a new down trend or a call for new highs.

    Monthly risky levels are below the July highs for the major averages at 16871 Dow Industrials, 1970.2 S&P 500, 4499 Nasdaq, 8292 Dow Transports, and 1156.01 Russell 2000. The Nasdaq is just above its monthly pivot at 4450.

    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 remain at 16301, 14835 and 13437 Dow Industrials, 1789.3, 1539.1 and 1442.1 S&P 500, 3972, 3471 and 3063 Nasdaq, 7423, 6249 and 5935 Dow Transports and 966.72 and 879.39 Russell 2000. There's a semiannual pivot at 1139.81 on the Russell 2000.

    Quarterly and semiannual risky levels remain at 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,

    Dow Industrials: (16714) Daily, semiannual and annual value levels are 16543, 16310, 14835 and 13467 with weekly and monthly risky levels at 16885 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 - (1955.2) Daily, semiannual and annual value levels are 1929.08, 1789.3, 1539.1 and 1442.1 with weekly and monthly risky levels at 1979.8 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 - (4453) Daily, semiannual and annual value levels are 4404, 3972, 3471 and 3063 with weekly and monthly risky levels at 4499 and 4450, the July 3 multiyear intraday high at 4485.93 and quarterly and semiannual risky levels at 4569 and 4642.

    NASDAQ 100 (NDX) - (3969) Daily, monthly, quarterly, semiannual and annual value levels are 3913, 3925, 3894, 3078 and 2669 with the July 24 multiyear intraday high at 3997.50, and weekly and semiannual risky levels at 4010 and 4105.

    Dow Transports - (8245) Daily, semiannual and annual value levels are 8118, 7423, 6249 and 5935 with weekly, monthly, quarterly and semiannual risky levels at 8412, 8292, 8256 and 8447 and the July 23 all-time intraday high at 8515.04.

    Russell 2000 - (1143.34) Annual value levels are 966.72 and 879.39 with semiannual and daily pivots at 1139.81 and 1142.21, weekly and monthly risky levels at 1152.85 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 - (618.26) Daily, semiannual and annual value levels are 608.92, 608.02, 512.94, 371.58 and 337.74 with weekly and quarterly pivots at 626.16 and 626.96, the July 16 multiyear intraday high 652.28 and monthly risky level at 654.50.

    Dow Utilities: (545.91) Daily, semiannual and annual value levels are 538.22, 523.72 and 497.53, with quarterly and annual pivots at 536.44 and 548.70, weekly and monthly risky levels at 567.26 and 579.73, the June 30 all-time intraday high at 576.98 and semiannual risky level at 612.49.

    10-Year Note - (2.403) Monthly, quarterly value levels are 2.545 and 3.048 with a weekly pivot at 2.420 and daily, annual and semiannual risky levels at 2.377, 2.263, 1.999 and 1.779.

    30-Year Bond - (3.193) A quarterly value level is 3.971 with annual and weekly pivots at 3.283 and 3.235, and daily, monthly, annual and semiannual risky levels at 3.185, 3.178, 3.107 and 3.082.

    Comex Gold - ($1313.9) Monthly, and quarterly value levels are $1304.3 and $1234.6 with daily, weekly, semiannual and annual risky levels at $13290.7, $1352.3, $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($95.50) No value levels with weekly and daily pivots at $96.45 and $95.60 and semiannual, annual, monthly and quarterly risky levels at $106.48, $107.52 and $107.70.

    The Euro - (1.3367) My semiannual value level is 1.2203 with daily and annual pivots at 1.3329 and 1.3382 and weekly, monthly and quarterly risky levels at 1.3498, 1.3703 and 1.4079.

    The Dollar versus Japanese Yen - (102.45) An annual value level is 93.38 with weekly, monthly and daily pivots at 101.75, 102.76 and 101.98, and a quarterly risky level at 112.83.

    The British Pound - (1.6686) My annual value level is 1.6262 with daily and quarterly pivots at 1.6697 and 1.6874 and weekly, monthly and semiannual risky levels at 1.6981, 1.7177 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.

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