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Sept ember 8 2014 Dow Tr anspor t s set s anot her al l -t i me hi gh, not t he ot her s.

The price of crude oil declines and Dow Transports powers to yet another all-time high.

The five major equity averages ended last week above their five-week modified moving averages at
16913 Dow Industrials, 1974.2 S&P 500, 4477 Nasdaq, 8341 Dow Transports and 1156.82 Russell
2000.

The S&P 500 joined the Nasdaq with overbought 12x3x3 weekly slow stochastics while readings for
Dow Industrials, Dow Transports and Russell 2000 are rising.

The all-time or multiyear intraday highs are 17161.55 (Sept. 4) Dow Industrials, 2011.17 (Sept. 4) S&P
500, 4610.14 (Sept 3) Nasdaq, 8601.80 (Sept. 5) Dow Transports, and 1213.55 (J uly 1) Russell 2000).
New weekly value levels are 16866 Dow Industrials, 1982.6 S&P 500, 4552 Nasdaq, 8486 Dow
Transports and 1142.10 on the Russell 2000.

Monthly value levels are 16615 Dow Industrials, 1978.2 S&P 500, 4469 Nasdaq, 8410 Dow Transports
and 1149.70 on the Russell 2000.

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

Quarterly and semiannual risky levels remain at 17753 and 18522 Dow Industrials, 2052.3 and 2080.3
S&P 500, 4642 Nasdaq and 1293.11 and 1285.37 on the Russell 2000.

Quarterly and semiannual pivots are 4569 Nasdaq, 8256 and 8447 Dow Transports and 1139.81
Russell 2000.

Dow Industrials: (17137) Weekly, monthly, semiannual and annual value levels are 16866, 16615,
16310, 14835 and 13467 with a daily pivot at 17122, the Sept. 4 all-time intraday high at 17161.55 and
quarterly and semiannual risky levels at 17170, 17753 and 18552.
S&P 500 (2007.7) Weekly, monthly, weekly, semiannual and annual value levels are 1982.6, 1978.2,
1789.3, 1539.1 and 1442.1 with a daily pivot at 2005.7, the Sept. 4 all-time intraday high at 2011.17,
and quarterly and semiannual risky levels at 2052.3 and 2080.3.
NASDAQ (4583) Weekly, monthly, semiannual and annual value levels are 4552, 4469, 3972, 3471
and 3063 with quarterly and daily pivots at 4569 and 4593, the Sept.3 multiyear intraday high at
4610.14 and semiannual risky level at 4642.


NASDAQ 100 (NDX) (4090) Monthly, quarterly, semiannual and annual value levels are 3972, 3894,
3515, 3078 and 2669 with daily and weekly pivots at 4090 and 4090, the Sept. 3 multiyear intraday
high at 4104.43 and semiannual risky level at 4105.

Dow Transports (8602) Daily, weekly, semiannual, monthly, quarterly, semiannual and annual value
levels are 8530, 8486, 8447, 8447, 8410, 8256, 7423, 6249 and 5935 with the Sept. 5 all-time intraday
high at 8601.80.
Russell 2000 (1170.13) Monthly, weekly, semiannual and annual value levels are 1149.70, 1142.10,
1139.81, 966.72 and 879.39 with a daily risky level at 1178.63, the J uly 1 all-time intraday high at
1213.55 and semiannual and quarterly risky levels at 1285.37 and 1293.11.
The SOX (651.24) Quarterly, weekly, semiannual and annual value levels are 626.96, 620.15,
608.02, 512.94, 371.58 and 337.74 with a daily pivot at 650.90, the J uly 16 multiyear intraday high
652.28 and monthly risky level at 662.59.

Dow Utilities: (568.14) Weekly, annual, quarterly, semiannual and annual value levels are 552.51,
548.70, 536.44, 523.72 and 497.53, with a daily pivot at 564.68, the J une 30 all-time intraday high at
576.98 and monthly and semiannual risky levels at 598.26 and 612.49.
10-Year Note (2.459) A quarterly value level is 3.048 with daily, weekly, monthly and semiannual
risky levels at 2.420, 2.344, 2.263, 2.071, 1.999 and 1.779.
30-Year Bond (3.234) Annual and quarterly value levels are 3.283 and 3.971 with annual,
semiannual, daily and weekly pivots at 3.107, 3.082, 3.182 and 3.079, and monthly and semiannual
risky levels at 2.791 and 2.487.
Comex Gold ($1269.3) Monthly and quarterly value levels are $1249.3 and $1234.6 with a daily
pivot at $1275.2, and monthly, semiannual and annual risky levels at $1372.2, $1613.0, $1738.7,
$1747.4 and $1818.8.
Nymex Crude Oil ($93.48) Weekly and daily pivots are $93.44 and $95.08 with monthly,
semiannual, annual and quarterly risky levels at $101.21, $106.48, $107.52 and $107.70.
The Euro (1.2954) A semiannual value level is 1.2203 with daily and weekly pivots at 1.2988 and
1.2940, and monthly, annual and quarterly risky levels at 1.3340, 1.3382 and 1.4079.

The Dollar versus Japanese Yen (105.06) Monthly and annual value levels are 99.92 and 93.38
with weekly and daily pivots at 104.95 and 105.07 and quarterly risky level at 112.83.

The British Pound (1.6328) Annual and weekly value levels are 1.6262 and 1.6252 with a daily
pivot at 1.6358 and quarterly and monthly risky levels at 1.6874 and 1.6928.

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