Random Volatility Around The Five-Week Modified Moving Averages.
Banks, Homebuilders, chartest
Seeking Alpha Analyst Since 2006
10-Year Note - (2.494) Weekly and semiannual value levels are 2.660 and 3.227 with annual and daily pivots at 2.476 and 2.502, and monthly, annual and semiannual risky levels at 2.284, 1.981 and 1.719.
Comex Gold - ($1250.1) Weekly and daily value levels are $1220.5 and $1196.8 with monthly, annual, quarterly and annual risky levels at $1289.4, $1599.9, $1603.0 and $1852.1.
Nymex Crude Oil - ($101.20) Weekly and quarterly value levels are $95.27 and $91.75 with daily an d monthly pivots at $101.33 and $101.69, and semiannual and annual risky levels at $109.84 and $115.23.
The Euro - (1.3008) Semiannual and quarterly value levels are 1.2477 and 1.1545 with daily and weekly pivots at .12949 and 1.2986, and monthly and annual risky levels at 1.3231 and 1.3257.
There is a wide range between new quarterly value levels and new monthly risky levels and so far the day-to-day volatility has been random between these levels. My quarterly value levels are 14,288 Dow Industrials, 1525.6 S&P 500, 3284 Nasdaq, 5348 Dow Transports and 863.05 on the Russell 2000. The risky levels for July are 15,437 Dow Industrials, 1669.0 S&P 500, 3510 Nasdaq, 6758 Dow Transports and 1030.75 Russell 2000. These risky levels straddle the May 20/May 22 highs at 15,542.40 Dow Industrials, 1687.18 S&P 500, 3532.04 Nasdaq, 6568.41 Dow Transports and 1008.23 Russell 2000. The five-week MMAs are 14,973 Dow Industrials, 1613.8 S&P 500, 3397 Nasdaq, 6242 Dow Transports and 971.81 Russell 2000.
Daily Dow:(14,989) Quarterly and annual value levels are 14,288 and 12,696 with a daily pivot at 15,011, and weekly and monthly risky levels at 15,210 and 15,437, and the May 22 all time high at 15,542.40.
S&P 500 - (1615.4) Quarterly and annual value levels are 1525.6 and 1348.3 with a daily pivot at 1617.3, and weekly and monthly risky levels at 1642.6, 1669.0, and the May 22 all time high at 1687.18.
NASDAQ - (3444) Quarterly and annual value levels are 3284 and 2806 with a daily pivot at 3444, and weekly and monthly risky levels at 3490 and 3510, and the May 22 multi-year high at 3532.04.
NASDAQ 100 (NDX) - (2941) My Annual value level is 2463 with a daily pivot at 2936, and weekly, monthly and quarterly risky levels at 2970, 2978 and 2983, and the May 22 multi-year high at 3053.51.
Dow Transports - (6195) Annual and quarterly value levels are 5925, 5469 and 5348 with a daily pivot at 6214, and weekly and monthly risky levels at 6386 and 6758 and the May 20 all time high at 6562.85.
Russell 2000 - (991.13) Quarterly and annual value levels are 863.05, 860.25 and 809.54 with a daily pivot at 990.79, and weekly and monthly risky levels at 1007.25 and 1030.75 and the May 22 high at 1008.23.
The SOX- (469.80) Quarterly and annual value levels are 404.59 and 338.03 with a daily pivot at 470.19, and weekly and monthly risky levels at 482.73 and 496.16.
Dow Utilities:(479.14) My weekly value level is 454.60 with daily, monthly, quarterly, semiannual and annual risky levels at 487.48, 489.78, 510.38, 523.33 and 540.37.
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