The Dow, S&P 500 and Nasdaq will no longer deplete this week

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The Dow Jones Industrial, S & amp; P 500, Nasdaq Composite, Dow Jones Transports and Russell 2000 ended last week under half-year pivots at 27,266, 2,955.6, 7,999, 10,720 and 1,572.85, respectively, as the Dow, S & amp; P 500 and Nasdaq remain. purchased in their weekly charts.

These are likely to have their weekly stochastic readings fall below the purchased threshold of 80.00, making these weekly charters negative to close on Friday, August 16th below their five-week modified moving averages of 26,611.22, 2,944.87 and 8041.93, respectively. .

My monthly pivots for August were magnets last week at 25,997 for the Dow, 2,891.0 for the S & amp; P 500, 8,022 Nasdaq and 1,519.12 at the Russell 2000. The Dow Transports remains above its monthly value level at 9,748.

The main averages are still tightening yearly pivots at 25,819 Dow, 2,867.1 S & amp; P, 7,370 Nasdaq, 10,976 carry and 1,590.63 Russell 2000.

Because these levels affect market liquidity, as the weekly charts continue to show technical vulnerability.

This is last week's Scorecard

The Dow Jones Industrial Media (26,287.44 on August 9) rose 21.1% from its December 26 inter-radial low of 21,712.53 and set its full-time intraday high of 27,398.68 on July 16. The Dow held its 200-day simple moving average at $ 25,570 last week. Monthly and yearly pivots are 25,997 and 25,819 respectively, with a half-yearly pivot at 27,266 and a quarterly risk level at 28,520. The weekly chart is neutral but bought with the average below its five-week modified moving average at 26,611 with its 12x3x3 weekly slow stock reading slipping to 82.10 last week down from 86.83 on August 2nd.

The S & amp; P 500 (2,918.65 on August 9) rose 24.4% from its December 26 inter-day low of 2,346.58 and set its full-time intraday high of 3,027.98 on July 26. The S & amp; P stayed above its 20-day simple moving average at $ 2,792.99 last week. Monthly and yearly pivots are 2,891,0 and 2,867.1 respectively, with a half-yearly pivot at 2,955.6 and a quarterly risk level at 3,063.5. The weekly chart is neutral but bought with the index below its five-week modified moving average at 2,944.87 with its 12x3x3 weekly slow stock reading sliding to 84.23 last week, down from 87.90 on August 2nd.

The Nasdaq Composition (7,959.14 on August 9) rose 28.6% from its December 24 high to the low of 6,190.17 and set its all-time inter-radial high of 8,339.64 on July 26. The Nasdaq stayed above its 200-day simple moving average at 7,560.54 last week. The annual value level is 7,370 with seed and monthly pivots at 7,999 and 8,022 respectively, and a quarterly risk level at 8,614. The weekly chart is neutral but bought with the index below its five-week modified moving average at 8,041.94 with its 12x3x3 weekly slow stock reading sliding to 83.27 last week, down from 86.45 on August 2nd.

The Dow Transportation Average (10,207.21 on August 9) is 18.2% above its December 24th interradial low of 8,636.79 and is in correct territory, 12.2% below its current intraday high of 11,623.58 set on September 14th. Dow Transports ended last week under its 200-day singles. moving average at $ 10,271. Monthly asset level is 9,748 with a half-yearly pivot at 10,720 and annual and quarterly risk levels respectively at 10,976 and 11,136, respectively. The weekly chart is negative with the average below its five-week moving average at 10,440 with its 12x3x3 weekly slow stock reading slipping to 82.86 last week, down from 63.31 on August 2nd.

The Russell 2000 (1,513.04 on August 9) is 19.4% above its December 24 intraday low of 1,266.92 and is in correct territory, 13.1% below its temporary intraday high of 1,742.09 set on August 31, 2018. The Russel 2000 ended last week below its 200-day simple moving average at 1,518.78. Monthly and yearly pivot rates are 1,519.32 and 1,572.85 respectively, and annual and quarterly risk levels respectively at 1,590.63 and 1,677.28 respectively. The weekly chart remains negative with the index below its five-week moving average at 1,544.31 with its 12x3x3 weekly slow stock reading slipping to 59.57 last week, down from 61.76 on August 2nd.

How to use my values ​​and risk levels:

Value levels and risk levels are based on the last nine weeks, monthly, quarterly, half yearly and yearly closures. The first set of levels was based on the closures on December 31. The original annual level remains in play. The weekly level changes weekly. The monthly changes at the end of each month, the latest on July 31. The quarter-year level was changed at the end of June. My theory is that nine years of volatility between closures is enough to assume that all possible bullish or bearish events of the stock are being billed. To capture share price volatility investors need to buy weakness at the asset level and reduce hold of strength to risk. level. A pivot is an asset level or risk level that has been violated within its time horizon. Pivots act as magnets that have a high probability of being tested again before its time horizon expires.

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The Dow Jones, S&P 500, Nasdaq Composite, Dow Jones Transports and Russell 2000 industry averages ended last week under half-yearly pivots at 27,266, 2,955.6, 7,999, 10,720 and 1,572.85, respectively, as the Dow, S&P 500 and Nasdaq remains to be purchased in its week. letters.

These are likely to have their weekly stochastic readings fall below the purchased threshold of 80.00, making these weekly charters negative to close on Friday, August 16th below their five-week modified moving averages of 26,611.22, 2,944.87 and 8041.93, respectively. .

My monthly pivots for August were magnets last week at 25,997 for the Dow, 2,891.0 for the S&P 500, 8,022 Nasdaq and 1,519.12 at the Russell 2000. The Dow Transports remains above its monthly value level at 9,748.

The main averages are still tightening yearly pivots at 25,819 Dow, 2,867.1 S&P, 7,370 Nasdaq, 10,976 carry and 1,590.63 Russell 2000.

Because these levels affect market liquidity, as the weekly charts continue to show technical vulnerability.

This is last week's Scorecard

The Dow Jones Industrial Media (26,287.44 on August 9) rose 21.1% from its December 26 inter-radial low of 21,712.53 and set its full-time intraday high of 27,398.68 on July 16. The Dow held its 200-day simple moving average at $ 25,570 last week. Monthly and yearly pivots are 25,997 and 25,819 respectively, with a half-yearly pivot at 27,266 and a quarterly risk level at 28,520. The weekly chart is neutral but bought with the average below its five-week modified moving average at 26,611 with its 12x3x3 weekly slow stock reading slipping to 82.10 last week down from 86.83 on August 2nd.

The S&P 500 (2,918.65 on August 9) rose 24.4% from its December 26 inter-day low of 2,346.58 and set its full-time intraday high of 3,027.98 on July 26. The S&P stayed above its 20-day simple moving average at $ 2,792.99 last week. Monthly and yearly pivots are 2,891,0 and 2,867.1 respectively, with a half-yearly pivot at 2,955.6 and a quarterly risk level at 3,063.5. The weekly chart is neutral but bought with the index below its five-week modified moving average at 2,944.87 with its 12x3x3 weekly slow stock reading sliding to 84.23 last week, down from 87.90 on August 2nd.

The Nasdaq Composition (7,959.14 on August 9) rose 28.6% from its December 24 high to the low of 6,190.17 and set its all-time inter-radial high of 8,339.64 on July 26. The Nasdaq stayed above its 200-day simple moving average at 7,560.54 last week. The annual value level is 7,370 with seed and monthly pivots at 7,999 and 8,022 respectively, and a quarterly risk level at 8,614. The weekly chart is neutral but bought with the index below its five-week modified moving average at 8,041.94 with its 12x3x3 weekly slow stock reading sliding to 83.27 last week, down from 86.45 on August 2nd.

The Dow Transportation Average (10,207.21 on August 9) is 18.2% above its December 24th interradial low of 8,636.79 and is in correct territory, 12.2% below its current intraday high of 11,623.58 set on September 14th. Dow Transports ended last week under its 200-day singles. moving average at $ 10,271. Monthly asset level is 9,748 with a half-yearly pivot at 10,720 and annual and quarterly risk levels respectively at 10,976 and 11,136, respectively. The weekly chart is negative with the average below its five-week moving average at 10,440 with its 12x3x3 weekly slow stock reading slipping to 82.86 last week, down from 63.31 on August 2nd.

The Russell 2000 (1,513.04 on August 9) is 19.4% above its December 24 intraday low of 1,266.92 and is in correct territory, 13.1% below its temporary intraday high of 1,742.09 set on August 31, 2018. The Russel 2000 ended last week below its 200-day simple moving average at 1,518.78. Monthly and yearly pivot rates are 1,519.32 and 1,572.85 respectively, and annual and quarterly risk levels respectively at 1,590.63 and 1,677.28 respectively. The weekly chart remains negative with the index below its five-week moving average at 1,544.31 with its 12x3x3 weekly slow stock reading slipping to 59.57 last week, down from 61.76 on August 2nd.

How to use my values ​​and risk levels:

Value levels and risk levels are based on the last nine weeks, monthly, quarterly, half yearly and yearly closures. The first set of levels was based on the closures on December 31. The original annual level remains in play. The weekly level changes weekly. The monthly changes at the end of each month, the latest on July 31. The quarter-year level was changed at the end of June. My theory is that nine years of volatility between closures is enough to assume that all possible bullish or bearish events of the stock are being billed. To capture share price volatility investors need to buy weakness at the asset level and reduce hold of strength to risk. level. A pivot is an asset level or risk level that has been violated within its time horizon. Pivots act as magnets that have a high probability of being tested again before its time horizon expires.