A Key Level Gives Way On Dow Industrials After Dow Transports Sets Another New All-Time Intra-Day High At 7485.34.

Banks, Homebuilders, chartest
Seeking Alpha Analyst Since 2006
A flight to quality has US Treasury yields lower, gold higher and crude oil lower.
The Dow Jones Industrial Average traded below its monthly value level at 16,327 and tested its semiannual value level at 16,245.
The S&P 500 stayed below my monthly pivot at 1847.0 providing an early warning.
The Dow Transportation Average traded to a new all-time intra-day high at 7485.34 then ended the day between its monthly pivot at 7327 and its semiannual pivot at 7376.
US Treasury Yields - The yield on the US Treasury 10-Year note (2.829%) is below its 21-day SMA at 2.933% and tested its 50-day SMA at 2.815% with my quarterly risky level at 2.628%. The weekly chart will favor lower yields with a close this week below its five-week MMA at 2.859% with the 200-week SMA at 2.460%. My annual risky level is 2.263%. The yield on the US Treasury 30-Year bond (3.773) is below its 21-day and 50-day SMAs at 3.888% and 3.843% and is below my quarterly pivot at 3.801%. The 30-Year bond will favor lower yields with a close this week below its five-week MMA at 3.835% with the 200-week SMA at 3.578%. My annual risky level is 3.283%.
Comex gold - ($1252.9) has a positive daily with the 21-day SMA at $1223.0, the 50-day SMA at $1250.4 and the 200-day SMA at 1335.1. The weekly chart is positive with a weekly close above its five-week MMA at $1246.3. My weekly value level is $1177.9 with my quarterly risky level at $1385.0.
Nymex crude oil - ($91.62) has a negative but oversold daily chart with the 50-day SMA at $95.55 and last week's low at $91.24. The weekly chart is negative with the five-week MMA at $95.46 and the 200-week SMA at $92.52 as this average has been a magnet since mid-2009. My quarterly pivot at $93.35 should remain as a magnet.
The euro vs. the dollar - (1.3670) has a neutral daily chart with the 50-day SMA at 1.3612 and the 21-day SMA at 1.3682. The weekly chart is neutral with the five-week at 1.3638 and the 200-week at 1.3311. My annual, quarterly and monthly pivots are 1.3382, 1.3482 and 1.3658 with a weekly risky level at 1.3816.
To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact me at RSuttmeier@gmail.com.
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.