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Dow Industrials, Dow Transports, Russell 2000, No New Highs.

|Includes:DIA, GLD, QQQ, SPY, iShares 20+ Year Treasury Bond ETF (TLT), XLE

The five major equity averages ended last week above their five-week modified moving averages at 16794 Dow Industrials, 1955.9 S&P 500, 4417 Nasdaq, 8240 Dow Transports and 1148.38 Russell 2000.

Strength in the Nasdaq prevented the confirmation of market highs as its 12x3x3 weekly slow stochastic stayed above 80.00 while they were declining on the other four major averages.

As I have always said that if all five major averages cannot shift to negative at the same time then new highs should follow. Last week there were new highs on the Nasdaq and S&P 500 but not on the other three major average.

The all-time or multiyear intraday highs are 17151.56 (July 17) Dow Industrials, 1994.76 (Aug. 21) S&P 500, 4547.24 (Aug. 24), 8515.04 (July 23) Dow Transports, and 1213.55 (July 1) Russell 2000).

Weekly and monthly levels are 16878 and 16871 Dow Industrials, 1972.0 and 1970.2 S&P 500, 4502 and 4450 Nasdaq, 8425 and 8292 Dow Transports and 1115.60 and 1156.01 Russell 2000. The major averages are above all of these levels.

Dow Transports is between quarterly and semiannual pivots at 8256 and 8447 with the Russell 2000 above a semiannual pivot at 1139.81.

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.

Quarterly and semiannual risky levels remain at 17753 and 18522 Dow Industrials, 2052.3 and 2080.3 S&P 500, 4569 and 4642 Nasdaq and 1293.11 and 1285.37 on the Russell 2000.

Dow Industrials: (17001) Weekly, monthly, semiannual and annual value levels are 16878, 16871, 16310, 14835 and 13467 with the July 17 all-time intraday high at 17151.56 and daily, quarterly and semiannual risky levels at 17175, 17753 and 18552.

S&P 500 - (1988.4) Weekly, monthly, semiannual and annual value levels are 1972.0, 1970.2, 1789.3, 1539.1 and 1442.1 with the August 21 all-time intraday high at 1994.76, and daily, quarterly and semiannual risky levels at 2014.3, 2052.3 and 2080.3.

NASDAQ - (4539) Weekly, monthly, semiannual and annual value levels are 4502, 4450, 3972, 3471 and 3063 with the August 22 multiyear intraday high at 4547.24 and daily, quarterly and semiannual risky levels at 4616, 4569 and 4642.

NASDAQ 100 (NDX) - (4052) Monthly, quarterly, semiannual and annual value levels are 3925, 3894, 3078 and 2669 with the August 22 multiyear intraday high at 4060.90, and weekly, daily and semiannual risky levels at 4065, 4130 and 4105.

Dow Transports - (8430) Monthly, quarterly, semiannual and annual value levels are 8292, 8256, 7423, 6249 and 5935 with weekly and semiannual pivots at 8425 and 8447, the July 23 all-time intraday high at 8515.04 and daily risky level at 8581.

Russell 2000 - (1160.03) Weekly and annual value levels are 1115.60, 966.72 and 879.39 with semiannual and monthly pivots at 1139.81 and 1156.01, a daily risky level at 1174.9, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1293.11.

The SOX - (639.72) Weekly, quarterly, semiannual and annual value levels are 631.74, 626.96, 608.02, 512.94, 371.58 and 337.74 with a daily risky level at 649.55, the July 16 multiyear intraday high 652.28 and monthly risky level at 654.50.

Dow Utilities: (555.25) Annual, weekly, quarterly, semiannual and annual value levels are 548.70, 533.19, 536.44, 523.72 and 497.53, with a daily risky level at 562.14, June 30 all-time intraday high at 576.98 and monthly and semiannual risky levels at 579.73 and 612.49.

10-Year Note - (2.402) Monthly, quarterly value levels are 2.545 and 3.048 with a weekly pivot at 2.399, and daily, annual and semiannual risky levels at 2.353, 2.263, 1.999 and 1.779.

30-Year Bond - (3.157) A quarterly value level is 3.971 with annual, monthly and weekly pivots at 3.283, 3.178 and 3.155 and daily, annual and semiannual risky levels at 3.111, 3.107 and 3.082.

Comex Gold - ($1281.7) A quarterly value level is $1234.6 with daily and weekly pivots at $1282.4 and $1296.2 and monthly, semiannual and annual risky levels at $1304.3, $1613.0, $1738.7, $1747.4 and $1818.8.

Nymex Crude Oil - ($93.63) Daily and weekly value levels are $92.48 and $91.82 with semiannual, annual, monthly and quarterly risky levels at $106.48, $107.52 and $107.70.

The Euro - (1.3240) My semiannual value level is 1.2203 with daily, weekly and annual pivots at 1.3264, 1.3214 and 1.3382 and monthly and quarterly risky levels at 1.3703 and 1.4079.

The Dollar versus Japanese Yen - (103.94) An annual value level is 93.38 with daily, weekly and monthly pivots at 104.02, 103.36 and 102.76, and a quarterly risky level at 112.83.

The British Pound - (1.6572) Daily and annual value levels are 1.6462 and 1.6262 with weekly, quarterly, monthly and semiannual risky levels at 1.6683, 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