Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.

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Jul y 8, 2014 Tr anspor t s moved bac k bel ow i t s quar t er l y pi vot at 8256.

With the Dow Transportation Average below its quarterly pivot at 8256 theres a lot of room down to
semiannual and annual value levels at 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 1139.81,
966.72 and 879.39 Russell 2000.

The weekly charts remain positive with overbought conditions on Dow Industrials, S&P 500, Nasdaq
and Dow Transports and rising stochastics on the Russell 2000 with the five-week modified moving
averages at 16790 Dow Industrial, 1937.2 S&P 500, 4317 Nasdaq, 8064 Dow Transports and 1169.14
Russell 2000. These are the key supports on a weekly closing basis.

Weekly pivots / risky levels are 17072 Dow Industrials, 2006.6 S&P 500, 4570 Nasdaq, 8538 Dow
Transports and 1222.94 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, 8365 and 8447 Dow Transports and
1215.89, 1293.11 and 1285.37 on Russell 2000,

Dow Industrials: (17024) Semiannual and annual value levels are 16301, 14835 and 13467 with daily
and weekly pivots at 17058 and 17072, the J uly 3 all-time intraday high at 17074.65 and monthly,
quarterly and semiannual risky levels at 17364, 17753 and 18552.
S&P 500 (1977.7) Semiannual and annual value levels are 1789.3, 1539.1 and 1442.1 with the J uly
3 all-time intraday high at 1985.29 and daily, monthly, weekly, quarterly and semiannual risky levels at
1989.3, 1994.2, 2006.5, 2052.3 and 2080.3.
NASDAQ (4452) Semiannual and annual value levels are 3972, 3471 and 3063 with the J uly 3
multiyear intraday high at 4485.93 and daily, monthly, quarterly, weekly and semiannual risky levels at
4510, 4529, 4569, 4570 and 4642.

NASDAQ 100 (NDX) (3911) Semiannual and annual value levels are 3515, 3078 and 2669 with a
quarterly pivot 3894, the J uly 3 multiyear intraday high at 3923.15, and daily, monthly, weekly and
semiannual risky levels at 3953, 3936, 4014 and 4105.

Dow Transports (8209) Semiannual and annual value levels are 7423, 6249 and 5935 with a
quarterly pivot at 8256, the J uly 3 all-time intraday high at 8298.17 and daily, monthly, semiannual and
weekly risky levels at 8329, 8365, 8447 and 8538.
Russell 2000 (1186.74) Semiannual and annual value levels are 1201.91, 1139.81, 966.72 and
879.39 with the J uly 1 all-time intraday high at 1213.55, and daily monthly, weekly, semiannual and

quarterly risky levels at 1211.86, 1215.89, 1222.94, 1285.37 and 1293.11.
The SOX (646.10) Quarterly, semiannual and annual value levels are 626.96, 608.02, 512.94,
371.58 and 337.74 with monthly and daily pivots at 642.34 and 650.96, and the J uly 3 multiyear
intraday high 651.42 and weekly risky level at 663.15.

Dow Utilities: (556.08) Annual, quarterly, semiannual and annual value levels are 548.70, 536.44,
523.72 and 497.53, with weekly, monthly and daily risky levels at 561.34, 563.54 and 563.99, the J une
30 all-time intraday high at 576.98 and semiannual risky level at 612.49.

10-Year Note (2.614) Monthly and quarterly value levels are 2.787 and 3.048 with daily, weekly,
annual and semiannual risky levels at 2.574, 2.528, 2.263, 1.999 and 1.779.
30-Year Bond (3.439) Monthly and quarterly value levels are 3.486 and 3.971 with daily, weekly,
annual and semiannual risky levels at 3.414, 3.355, 3.283, 3.107 and 3.082.
Comex Gold ($1320.5) Weekly, quarterly and monthly value levels are $1298.0, $1234.6 and
$1233.8 with a daily pivot at $1324.9, and semiannual and annual risky levels at $1613.0, $1738.7,
$1747.4 and $1818.8.
Nymex Crude Oil ($103.45) No value levels with daily and monthly pivots at $103.66 and $105.23,
and semiannual, annual, weekly and quarterly risky levels at $106.48, $107.52, $108.56 and $113.12..
The Euro (1.3603) Weekly, annual and semiannual value levels are 1.3486, 1.3382 and 1.2203 with
a daily pivot at 1.3667 and monthly, quarterly, semiannual and annual risky levels at 1.3819, 1.4079,
1.4617 and 1.5512.

The Dollar versus Japanese Yen (101.87) My annual value level is 93.38 with daily and weekly
pivots at 101.55 and 102.13 and monthly and quarterly risky levels at 106.47 and 112.83.

The British Pound (1.7127) Weekly, quarterly and annual value levels are 1.7045, 1.6874 and
1.6262 with daily, semiannual and monthly risky levels at 1.7211, 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.