The Nasdaq Closed Above Its Monthly Risky Level At 2510.
10-Year Note - (2.676) Daily, weekly and semiannual value levels are 2.701, 2.737 and 3.227 with annual, monthly, annual and semiannual risky levels at 2.476, 2.284, 1.981 and 1.719.
Comex Gold - ($1249.8) My weekly value level is $1193.0 with daily, monthly, annual, quarterly and annual risky levels at $1285.5, $1289.4, $1599.9, $1603.0 and $1852.1.
Nymex Crude Oil - ($106.04) Monthly, weekly and quarterly value levels are $101.69, $98.07 and $91.75 with daily, semiannual and annual risky levels at $107.09, $109.84 and $115.23.
The Euro - (1.2883) Daily, semiannual and quarterly value levels are 1.2803, 1.2477 and 1.1545 with weekly, monthly and annual risky levels at 1.3043, 1.3231 and 1.3257.
Holding my monthly pivot at 3510 on the Nasdaq targets my monthly risky levels at 15,437 Dow Industrials and 1669.0 S&P 500. Meanwhile, the Russell 2000 sets another all time high at 1020.99. The May 20/May 22 highs remain at 15,542.40 Dow Industrials, 1687.18 S&P 500, 3532.04 Nasdaq and 6568.41 Dow Transports. This week's pivots are 15,120 Dow Industrials, 1628.6 S&P 500, 3458 Nasdaq, 6236 Dow Transports and 999.43 Russell 2000. If this week's closes are above the five-week MMAs at 15,007 Dow Industrials, 1617.5 S&P 500, 3413 Nasdaq, 6252 Dow Transports and 978.57 Russell 2000, with weekly momentum rising, the weekly chart profiles shift to positive.
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Daily Dow:(15,292) Quarterly and annual value levels are 14,288 and 12,696 with daily and weekly pivots at 15,209 and 15,120, and monthly risky level at 15,437, and the May 22 all time high at 15,542.40.
S&P 500 - (1652.6) Quarterly and annual value levels are 1525.6 and 1348.3 with daily and weekly pivots at 1649.2 and 1628.6, and monthly risky level at 1669.0, and the May 22 all time high at 1687.18.
NASDAQ - (3521) Quarterly and annual value levels are 3284 and 2806 with weekly and monthly pivots at 3458 and 3510, a daily risky level at 3537, and the May 22 multi-year high at 3532.04.
NASDAQ 100 (NDX) - (3001) Weekly and annual value levels are 2941 and 2463 with monthly and quarterly pivots at 2978 and 2983 and daily risky level at 3009, and the May 22 multi-year high at 3053.51.
Dow Transports - (6394) Annual and quarterly value levels are 5925, 5469 and 5348 with weekly and daily pivots at 6236 and 6387, and monthly risky level at 6758 and the May 20 all time high at 6562.85.
Russell 2000 - (1020.42) Quarterly and annual value levels are 863.05, 860.25 and 809.54 with a weekly pivot at 999.43, and daily and monthly risky levels at 1024.85 and 1030.75.
The SOX- (476.70) Quarterly and annual value levels are 404.59 and 338.03 with daily and weekly pivots at 475.83 and 471.68, and monthly risky level at 496.16.
Dow Utilities:(488.02) Daily and weekly value levels are 483.14 and 460.03 with monthly, quarterly, semiannual and annual risky levels at 489.78, 510.38, 523.33 and 540.37.
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