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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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  • The Nasdaq Sets A New Multiyear Intraday High At 4509.16.  0 comments
    Aug 18, 2014 9:25 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The five major equity averages ended Monday above their five-week modified moving averages at 16742 Dow, 1947.8 S&P 500, 4387 Nasdaq, 8193 Dow Transports and 1145.59 Russell 2000.

    Four of five major averages continue to have declining 12x3x3 weekly slow stochastics with the Nasdaq still overbought.

    Weekly pivots are at 16675 Dow Industrials, 1956.6 S&P 500, 4484 Nasdaq, 8301 Dow Transports, and 1119.01 Russell 2000.

    Monthly pivots are 4450 Nasdaq, 8292 Dow Transports and 1156.01 Russell 2000 with monthly risky levels at 16871 Dow Industrials and 1979.2 S&P 500.

    All weekly and monthly levels set up volatility below the all-time or multiyear intraday highs at 17151.56 (July 17) Dow Industrials, 1991.39 (July 24) S&P 500 (July 24), 4509.15 (Aug.18) 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, 8447 Dow Transports and 1293.11 and 1285.37 on the Russell 2000. Transports are above its quarterly pivot at 8256 once again. .

    Dow Industrials:(16839) Semiannual and annual value levels are 16310, 14835 and 13467 with weekly and daily pivots at 16675 and 16836, a monthly risky level at16,871, the July 17 all-time intraday high at 17151.56, and quarterly and semiannual risky levels at 17753 and 18552.

    S&P 500 - (1971.7) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with daily and weekly pivots at 1971.4 and 1956.6, a monthly pivot at 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 - (4508) Semiannual and annual value levels are 3972, 3471 and 3063 with monthly, daily and weekly pivots at 4450, 4504 and 4484, the August 18 multiyear intraday high at 4509.16 and quarterly and semiannual risky levels at 4569 and 4642.

    NASDAQ 100 (NDX) - (4021) Monthly, quarterly, semiannual and annual value levels are 3925, 3894, 3078 and 2669 with a daily pivot at4017, the August 18 multiyear intraday high at 4022.48, and weekly and semiannual risky levels at 4046 and 4105.

    Dow Transports - (8406) Weekly, monthly, quarterly, semiannual and annual value levels are 8301, 8292, 8256, 7423, 6249 and 5935 with a semiannual risky level at 8447 and the July 23 all-time intraday high at 8515.04.

    Russell 2000 - (1158.39) Weekly and annual value levels are 1119.01, 966.72 and 879.39 with semiannual, monthly and daily pivots at 1139.81, 1156.01 and 1156.59, the July 1 all-time intraday high at 1213.55, and semiannual and quarterly risky levels at 1285.37 and 1293.11.

    The SOX- (627.47) Semiannual and annual value levels are 608.02, 512.94, 371.58 and 337.74 with daily, weekly and quarterly pivots at 624.22, 619.91 and 626.96, the July 16 multiyear intraday high 652.28 and monthly risky level at 654.50.

    Dow Utilities:(548.18) Weekly, quarterly, semiannual and annual value levels are 540.66, 536.44, 523.72 and 497.53, with an annual pivot at 548.70, a daily risky level at $560.00, the June 30 all-time intraday high at 576.98 and monthly and semiannual risky levels at 579.73 and 612.49.

    10-Year Note - (2.389) Monthly, quarterly value levels are 2.545 and 3.048 with daily and weekly pivots at 2.343 and 2.324 and annual and semiannual risky levels at 2.263, 1.999 and 1.779.

    30-Year Bond - (3.197) A quarterly value level is 3.971 with daily, monthly and annual pivots at 3.159, 3.178 and 3.283 and weekly, annual and semiannual risky levels at 3.108, 3.107 and 3.082.

    Comex Gold - ($1299.6) A quarterly value level is $1234.6 with monthly, weekly and daily pivots at $1304.3, $1312.8 and $1311.9 and semiannual and annual risky levels at $1613.0, $1738.7, $1747.4 and $1818.8.

    Nymex Crude Oil - ($96.51) A weekly value level is $94.39 with a daily pivot at $96.84 and semiannual, annual, monthly and quarterly risky levels at $106.48, $107.52 and $107.70.

    The Euro - (1.3360) My semiannual value level is 1.2203 with daily, weekly and annual pivots at 1.3369, 1.3392 and 1.3382 and monthly and quarterly risky levels at 1.3703 and 1.4079.

    The Dollar versus Japanese Yen - (102.55) An annual value level is 93.38 with daily, weekly and monthly and daily pivots at 102.58, 101.80 and 102.76, and a quarterly risky level at 112.83.

    The British Pound - (1.6728) My annual value level is 1.6262 with a daily pivot at 1.6646, and quarterly, monthly and semiannual risky levels at 1.6874, 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.

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