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Jul y 22, 2014 New al l -t i me hi ghs ar e set f or t he S& P 500 and Dow Tr anspor t s.

The S&P 500 set a new all-time intraday high at 1986.24 on Tuesday as did Dow Transports with a
high at 8468.69. The S&P 500 is still shy of its monthly risky level at 1994.2, while Transports is above
quarterly, monthly and semiannual levels at 8256, 8365 and 8447.

The weekly charts remain positive but overbought for Dow Industrials, S&P 500, S&P 500, Nasdaq
and Dow Transports with the five-week modified moving averages at 16877 Industrials, 1950.4 S&P
500, 4356 Nasdaq and 8161 Transports.

The Russell 2000 has a negative weekly chart with its five-week SMA at 1164.28.

This weeks risky levels are 17267 Dow Industrials, 2020.0 S&P 500, 4571 Nasdaq, 8471 Dow
Transports and 1209.72 Russell 2000.

Semiannual and annual value levels are 16301, 14835 and 13437 Dow Industrials, 1789.3, 1539.1
and 1442.1 S&P 500, 3972, 3471, 3063 Nasdaq, 7423, 6249 and 5935 Dow Transports and 966.72
and 879.39 Russell 2000.

Monthly, quarterly and semiannual risky levels are 17364, 17753 and 18522 Dow Industrials, 1994.2,
2052.3 and 2080.3 S&P 500, 4529, 4569 and 4642 Nasdaq, and 1215.89, 1293.11 and 1285.37 on
Russell 2000,

Dow Industrials: (17114) Semiannual and annual value levels are 16301, 14835 and 13467 with the
J uly 17 all-time intraday high at 17151.56, and daily, weekly, monthly, quarterly and semiannual risky
levels at 17208, 17267, 17364, 17753 and 18552.
S&P 500 (1983.5) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with a daily
pivot at 1986.5, the J uly 22 all-time intraday high at 1986.24, and monthly, weekly, quarterly and
semiannual risky levels at 1994.2, 2020.0, 2052.3 and 2080.3.
NASDAQ (4456) Semiannual and annual value levels are 3972, 3471 and 3063 with a daily pivot at
4455, the J uly 3 multiyear intraday high at 4485.93 and monthly, quarterly, weekly and semiannual
risky levels at 4529, 4569, 4571 and 4642.

NASDAQ 100 (NDX) (3962) Semiannual and annual value levels are 3515, 3078 and 2669 with
quarterly and monthly pivots at 3894 and 3936, the J uly 22 multiyear intraday high at 3949.48, and
daily, weekly and semiannual risky levels at 3977, 4049 and 4105.

Dow Transports (8455) Quarterly, semiannual and annual value levels are 8256, 6249 and 5935
with monthly and semiannual pivots at 8356 and 8447, the J uly 22 all-time intraday high at 8468.69,

and daily and weekly risky levels at 8495 and 8471.
Russell 2000 (1156.15) Daily, semiannual and annual value levels are 1143.71, 1139.81, 966.72
and 879.39 with the J uly 1 all-time intraday high at 1213.55, and weekly, monthly, semiannual and
quarterly risky levels at 1209.72, 1215.89, 1285.37 and 1293.11.
The SOX (649.35) Quarterly, semiannual and annual value levels are 626.96, 608.02, 512.94,
371.58 and 337.74 with daily and monthly pivots at 847.35 and 642.34, the J uly 16 multiyear intraday
high 652.28 and weekly risky level at 674.61.

Dow Utilities: (558.65) Daily, annual, quarterly, semiannual and annual value levels are 552.19,
548.70, 536.44, 523.72 and 497.53, with a monthly pivot at 563.54, the J une 30 all-time intraday high
at 576.98 and weekly and semiannual risky levels at 578.76 and 612.49.

10-Year Note (2.471) Weekly, monthly and quarterly value levels are 2.565, 2.787 and 3.048 with a
daily pivot at 2.458, and annual and semiannual risky levels at 2.263, 1.999 and 1.779.
30-Year Bond (3.256) Weekly, monthly and quarterly value levels are 3.355, 3.486 and 3.971 with
annual and daily pivots at 3.283 and 3.239 and annual and semiannual risky levels at 3.107 and
3.082.
Comex Gold ($1307.0) Daily, quarterly and monthly value levels are $1285.6, $1234.6 and $1233.8
with a weekly pivot at $1306.0 and semiannual and annual risky levels at $1613.0, $1738.7, $1747.4
and $1818.8.
Nymex Crude Oil ($102.39) A daily value level is $101.34 with a weekly pivot at $103.46 and
monthly, semiannual, annual and quarterly risky levels at $105.23, $107.52 and $113.12..
The Euro (1.3468) Annual and semiannual value levels are 1.3382 and 1.2203 with daily and weekly
pivots at 1.3463 and 1.3555 and monthly, quarterly, semiannual and annual risky levels at 1.3819,
1.4079, 1.4617 and 1.5512.

The Dollar versus Japanese Yen (101.43) An annual value level is 93.38 with daily and weekly
pivots at 101.59 and 101.58 and monthly and quarterly risky levels at 106.47 and 112.83.

The British Pound (1.7063) Quarterly and annual value levels are 1.6874 and 1.6262 with daily and
weekly pivots at 1.7057 and 1.7186, and semiannual and monthly risky levels at 1.7302 and 1.7438.

To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact
me at RSuttmeier@gmail.com.