Weakness has four of the five major equity averages straddling their five-week modified moving averages at 17000 Dow Industrials, 1983.4 S&P 500, 4512 Nasdaq and 8436 Dow Transports. The 12x3x3 weekly slow stochastics remain overbought for each of these.
The Russell 2000 ended last week below its five-week MMA at 1155.35 with declining 12x3x3 weekly slow stochastics which gives this index a negative weekly chart. Before the "Crash of 2008" the Russell 2000 was the first to confirm a peak.
The all-time or multiyear intraday highs are 17350.84 (Sept. 19) Dow Industrials, 2019.26 (Sept. 19) S&P 500, 4610.57 (Sept 19) Nasdaq, 8714.94 (Sept. 19) Dow Transports, and 1213.55 (July 1) Russell 2000).
New weekly value levels are 16927 Dow Industrials, 1981.1 S&P 500 and 8402 Dow Transports with a weekly pivot at 4577 on the Nasdaq and weekly risky level at 1154.64 on the Russell 2000.
Monthly value levels are 16615 Dow Industrials, 1978.2 S&P 500, 4469 Nasdaq and 8410 Dow Transports with a monthly pivot at 1149.70 on the 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.
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.
Quarterly and semiannual pivots are 4569 Nasdaq, 8256 and 8447 Dow Transports and 1139.81 Russell 2000.
Dow Industrials: (17056) Weekly, monthly, semiannual and annual value levels are 16927, 16615, 16310, 14835 and 13467 with a daily risky level at 17204, the Sept. 19 all-time intraday high at 17350.64 and quarterly and semiannual risky levels at 17753 and 18552.
S&P 500 - (1983.8) Weekly, monthly, weekly, semiannual and annual value levels are 1981.1, 1978.2, 1789.3, 1539.1 and 1442.1 with a daily risky level at 1992.3, the Sept. 19 all-time intraday high at 2019.26, and quarterly and semiannual risky levels at 2052.3 and 2080.3.
NASDAQ - (4509) Semiannual and annual value levels are 4469, 3972, 3471 and 3063 with daily, weekly and quarterly pivots at 4501, 4577 and 4569, the Sept. 19 multiyear intraday high at 4610.57 and semiannual risky level at 4642.
NASDAQ 100 (NDX) - (4052) Monthly, quarterly, semiannual and annual value levels are 3972, 3894, 3515, 3078 and 2669 with daily and weekly pivots at 4042 and 4090, a semiannual risky level at 4105 and the Sept. 19 multiyear intraday high at 4118.91.
Dow Transports - (8445) Weekly, monthly, quarterly, semiannual and annual value levels are 8402, 8410, 8256, 7423, 6249 and 5935 with a semiannual pivot at 8447, a daily resistance at 8558, and the Sept. 19 all-time intraday high at 8714.94.
Russell 2000 - (1118.72) Daily and annual value levels are 1113.21, 966.72 and 879.39 with semiannual, weekly and monthly pivots at 1139.81, 1154.64 and 1149.70, the July 1 all-time intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1293.11.
The SOX - (639.85) Quarterly, semiannual and annual value levels are 626.96, 608.02, 512.94, 371.58 and 337.74 with a weekly risky level at 653.52, the Sept. 19 multiyear intraday high 659.64 and monthly risky level at 662.59.
Dow Utilities: (551.00) Daily, annual, quarterly, semiannual and annual value levels are 546.76, 548.70, 536.44, 523.72 and 497.53 with a weekly pivot at 550.91, the June 30 all-time intraday high at 576.98 and monthly and semiannual risky levels at 598.26 and 612.49.
10-Year Note - (2.527) Daily and quarterly value levels are 2.617 and 3.048 with weekly, monthly and semiannual risky levels at 2.475, 2.263, 2.071, 1.999 and 1.779.
30-Year Bond - (3.242) Daily and quarterly value levels are 3.353 and 3.971 with a annual pivot at 3.283 and weekly, annual, semiannual and weekly risky levels at 3.216, 3.107 and 3.082, and monthly and semiannual risky levels at 2.791 and 2.487.
Comex Gold - ($1223.6) A daily value level is $1209.0 with quarterly and weekly pivots at $1234.6 and $1232.6 and monthly, semiannual and annual risky levels at $1372.2, $1613.0, $1738.7, $1747.4 and $1818.8.
Nymex Crude Oil - ($91.48) A weekly value level is $87.59 with a daily pivot at $92.03 and monthly, semiannual, annual and quarterly risky levels at $101.21, $106.48, $107.52 and $107.70.
The Euro - (1.2853) A semiannual value level is 1.2203 with daily and weekly pivots at 1.2866 and 1.2834 and monthly, annual and quarterly risky levels at 1.3340, 1.3382 and 1.4079.
The Dollar versus Japanese Yen - (108.83) Monthly and annual value levels are 99.92 and 93.38 with a weekly pivot at 108.22 and daily and quarterly risky levels at 109.33 and 112.83.
The British Pound - (1.6396) A weekly value level is 1.6056 with daily, quarterly and monthly risky levels at 1.6417, 1.6874 and 1.6928.
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