Key Moving Averages Remain the Focus in Most Markets

8/6/2019 Key Moving Averages Remain the Focus in Most Markets.

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Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.ValuEngine is a fundamentally-based quant research firm in Newtown, PA. ValuEnginecovers over 7,000 stocks every day.

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June 17, 2011 Key Moving Averages Remain t he Focus i n Most Market s.

The daily charts for the major equity averages remain oversold and below their five-day

modified moving averages at 12,060 Dow Industrials, 1284.4 SPX, 2680 NASDAQ, 2248 NDX,5152 Dow Transports, 792.20 Russell 2000 and 408.47 SOX. The weekly charts stay negative oncloses today below the five-week modified moving averages at 12,317 Dow Industrials, 1315.1SPX, 2760 NASDAQ, 2317 NDX, 5282 Dow Transports, 819.52 Russell 2000, and 428.46 SOX.The averages are now straddling their 200-day simple moving averages at 11,726 DowIndustrials, 1258 SPX, 2639 NASDAQ, 2225 NDX, 5037 Dow Transports, 772.27 Russell 2000,and 409.43 SOX. The NASDAQ, NDX and SOX are below their 200-day SMA.

10-Year Note (2.927) The 200-day simple moving average is 3.115 with a daily pivot at 2.962, andweekly risky level at 2.854. Keys this week and this month are closes relative to the five-weekmodified moving average at 3.152 and the five-month modified moving average at 3.185.

Courtesy of Thomson / Reuters


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Comex Gold ($1530.0) The 50-day simple moving average is $1509.8 with quarterly and dailypivots at $1523.7 and $1520.7, and weekly risky level at $1558.5. My quarterly pivot at $1523.7 hasbeen a strong magnet in the second quarter, which ends in two weeks.


Nymex Crude Oil ($94.99) The 200-day simple moving average at $92.15 has been testedovernight. My weekly pivot is $95.52 with daily and annual pivots at $97.26, $99.91 and $101.92.



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The Euro (1.4190) The 200-day simple moving average is 1.3817 with monthly, quarterly andweekly pivots at 1.4258, 1.4308 and 1.4371.


Weekly Dow: (11,962) The 200-day simple moving average is 11,726 with a daily pivot at 11,920 andweekly risky level at 12,449. The 5-week and 5-month modified moving averages are 12,317 and11,906.



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S&P 500 (1267.6) The 200-day simple moving average is 1258 with a daily pivot at 1266.0 andweekly risky level at 1321.5. The 5-week and 5-month modified moving averages are 1315.1 and

1276.4.NASDAQ (2624) My daily pivot is 2609 with the 200-day simple moving average is 2639 and weeklyrisky level at 2784. The 5-week and 5-month modified moving averages are 2760 and 2675.

NASDAQ 100 (NDX) (2200) My daily pivot is 2188 with the 200-day simple moving average is 2225and weekly risky level at 2351. The 5-week and 5-month modified moving averages are 2317 and2244.

Dow Transports (5105) The 200-day simple moving average is 5037 with a daily value level at5069, my annual pivot at 5179, and weekly risky level at 5351. The 5-week and 5-month modifiedmoving averages are 5282 and 5090.

Russell 2000 (781.54) The 200-day simple moving average is 772.27 with a daily value level at776.12, my annual pivot at 784.16, and weekly risky level at 812.22. The 5-week and 5-monthmodified moving averages are 819.52 and 790.71.

The SOX (393.87) My daily value level is 394.16 with the 200-day simple moving average at 409.43and weekly risky level at 428.13. The 5-week and 5-month modified moving averages are 428.46and 418.78.

Definition of MOJO This is my term for technical momentum. I use whats called 12x3x3 slowstochastic readings from daily, weekly and monthly charts. The scale is zero to 10.0 where above 8.0is overbought and below 2.0 is oversold.

Richard SuttmeierChief Market StrategistValuEngine.com(800) 381-5576

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Key Moving Averages Remain the Focus in Most Markets