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Dow Industrials Joins The S&P 500 With New All-Time Highs.

Aug. 26, 2014 6:03 PM ETTLT, GLD, XLE, DIA, QQQ, SPY
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The Nasdaq set a new multiyear high at 4575.59 and closed just above its quarterly pivot at 4569. Dow Transports closed just above its semiannual pivot at 8447.

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. All five major averages are projected to have rising 12x3x3 weekly slow stochastics at the end of this week, but can the Russell 2000 be pulled to a new all-time intraday high?

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 averages.

The all-time or multiyear intraday highs are 17153.53.80 (Aug. 26) Dow Industrials, 2005.04 (Aug. 26) S&P 500, 4575.59 (Aug. 26), 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.

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, 4642 Nasdaq and 1293.11 and 1285.37 on the Russell 2000.

Dow Industrials: (17107) Weekly, monthly, semiannual and annual value levels are 16878, 16871, 16310, 14835 and 13467 with the August 26 17 all-time intraday high at 17153.80 and daily, quarterly and semiannual risky levels at 17227, 17753 and 18552.

S&P 500 - (2000.0) Weekly, monthly, semiannual and annual value levels are 1972.0, 1970.2, 1789.3, 1539.1 and 1442.1 with the August 26 all-time intraday high at 2005.04, and daily, quarterly and semiannual risky levels at 2016.7, 2052.3 and 2080.3.

NASDAQ - (4571) Weekly, monthly, semiannual and annual value levels are 4502, 4450, 3972, 3471 and 3063 with a quarterly pivot at 4569, the August 26 multiyear intraday high at 4575.59 and daily and semiannual risky levels at 4613 and 4642.

NASDAQ 100 (NDX) - (4072) Monthly, quarterly, semiannual and annual value levels are 3925, 3894, 3078 and 2669 with the August 25 multiyear intraday high at 4079.52, a weekly pivot at 4065, and daily and semiannual risky levels at 4119 and 4105.

Dow Transports - (8421) 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 8558.

Russell 2000 - (1175.17) 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 1180.20, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1293.11.

The SOX - (637.55) 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 650.93, the July 16 multiyear intraday high 652.28 and monthly risky level at 654.50.

Dow Utilities: (552.68) 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 561.46, June 30 all-time intraday high at 576.98 and monthly and semiannual risky levels at 579.73 and 612.49.

10-Year Note - (2.394) Monthly, quarterly value levels are 2.545 and 3.048 with daily and weekly pivots at 2.386 and 2.399, and annual and semiannual risky levels at 2.263, 1.999 and 1.779.

30-Year Bond - (3.156) A quarterly value level is 3.971 with annual, monthly, weekly and daily pivots at 3.283, 3.178, 3.155 and 3.154, and annual and semiannual risky levels at 3.107 and 3.082.

Comex Gold - ($1283.4) Daily and quarterly value levels are $1265.2 and $1234.6 with weekly, monthly, semiannual and annual risky levels at $1296.2, $1304.3, $1613.0, $1738.7, $1747.4 and $1818.8.

Nymex Crude Oil - ($93.87) A weekly value level is $91.82 with a daily pivot at $93.09, and semiannual, annual, monthly and quarterly risky levels at $106.48, $107.52 and $107.70.

The Euro - (1.3171) My semiannual value level is 1.2203 with daily, weekly and annual pivots at 1.3165, 1.3214 and 1.3382 and monthly and quarterly risky levels at 1.3703 and 1.4079.

The Dollar versus Japanese Yen - (104.02) An annual value level is 93.38 with daily, weekly and monthly pivots at 104.52, 103.36 and 102.76, and a quarterly risky level at 112.83.

The British Pound - (1.6544) Daily and annual value levels are 1.6526 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.

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