New High For The Nasdaq, Dow & S&P 500 > Monthly Risky Levels
Banks, Homebuilders, chartest
Seeking Alpha Analyst Since 2006
10-Year Note - (2.580) Daily, weekly and semiannual value levels are 2.673, 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 - ($1284.2) My weekly value level is $1193.0 with a daily pivot at $1272.1, and monthly, annual, quarterly and annual risky levels at $1289.4, $1599.9, $1603.0 and $1852.1.
Nymex Crude Oil - ($104.59) Monthly, weekly and quarterly value levels are $101.69, $98.07 and $91.75 with daily, semiannual and annual risky levels at $108.80, $109.84 and $115.23.
The Euro - (1.3091) Daily, semiannual and quarterly value levels are 1.2897, 1.2477 and 1.1545 with a weekly pivot at 1.3043, and monthly and annual risky levels at 1.3231 and 1.3257.
The Dow Industrial Average and S&P 500 exceeded their monthly pivots at 15,437 and 1669.0 with the Nasdaq setting a new multi-year high at 3579.29. The Russell 2000 set yet another all time high at 1033.34, which is above its monthly pivot at 1030.75. My monthly risky level is 6758 on Dow Transports. The May 20/May 22 intra-day highs remain at 15,542.40 Dow Industrials, 1687.18 S&P 500 and 6568.41 Dow Transports. My semiannual risky levels are 16,490 Dow Industrials, 1743.5 S&P 500, 3759 Nasdaq, 7104 Dow Transports and 1089.42 Russell 2000. I will be concerned if today's closes are below the monthly levels that were tested or exceeded this week.
Daily Dow:(15,461) Weekly, quarterly / annual value levels are 15,120, 14,288 / 12,696 with daily and monthly pivots at 15,484 and 15,437, the May 22 all time high at 15,542.40, and my semiannual risky level at 16,490.
S&P 500 - (1675.0) Weekly, quarterly / annual value levels are 1628.6, 1525.6 / 1348.3 with daily and monthly pivots at 1676.3 and 1669.0, the May 22 all time high at 1687.18, and my semiannual risky level at 1743.5.
NASDAQ - (3578) Weekly, quarterly and annual value levels are 3458, 3284 and 2806 with monthly and daily pivots at 3510 and 3587, the July 11 multi-year high at 3579.29 and semiannual risky level at 3759.
NASDAQ 100 (NDX) - (3059) Quarterly, monthly, weekly and annual value levels are 2983, 2978, 2941 and 2463 with a daily pivot at 3053, the July 11 high at 3060.67 and semiannual risky level at 3304.
Dow Transports - (6472) Weekly, annual and quarterly value levels are 6236, 5925, 5469 / 5348 with daily and monthly risky levels at 6497 and 6758, the May 20 all time high at 6562.85 and semiannual risky level at 7104.
Russell 2000 - (1033.18) Weekly, quarterly and annual value levels are 999.43, 863.05, 860.25 and 809.54 with a monthly pivot at 1030.75, and daily / semiannual risky levels at 1042.50 / 1089.42.
The SOX- (486.56) Quarterly and annual value levels are 404.59 and 338.03 with daily and weekly pivots at 480.36 and 471.68, a monthly risky level at 496.16 and semiannual risky level at 533.56.
Dow Utilities:(496.05) Daily and weekly value levels are 484.17 and 460.03 with a monthly pivot at 489.78, and quarterly, semiannual and annual risky levels at 510.38, 523.33 and 540.37.
VE Morning Briefing - If you want expanded analysis of the US Capital Markets go to this link and sign up: http://www.valuengine.com/nl/mainnl?nl=D
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.