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Oc t . 17, 2014 I t s hi ghl y l i kel y t hat t odays cl oses w i l l keep al l w eek l y c har t s negat i ve.

Last week ended with the Sept. 19 all-time or multiyear highs confirmed as cycle highs for the five
major averages Todays closes will likely keep the weekly charts negative.

All five major equity averages are below their five-week modified moving averages at 16928 Dow
Industrials, 1966.0 on S&P 500, 4461 Nasdaq, 8344 Dow Transports and 1122.73 Russell 2000 with
declining 12x3x3 weekly slow stochastics. This is a full-fledged sell signal.

The Dow 30, S&P 500, Nasdaq and Russell 2000 are below their 200-day simple moving averages at;
16586, 1905.7, 4301 and 1147.71. Dow Transports is above its 200-day simple moving average at
7890 for the third day in a row.

The all-time or multiyear intraday highs are 17350.84 (Sept. 19) Dow Industrials, 2019.26 (Sept. 19)
S&P 500, 4610.57 (Sept 19) Nasdaq, 8714.94 (Sept. 19) Dow Transports, and 1213.55 (J uly 1)
Russell 2000).

Monthly and quarterly risky levels are 17779 and 18045 Dow Industrials, 2079.2 and 2094.6 S&P 500,
4609 and 4713 Nasdaq, 8790 and 9418 Dow Transports and 1159.82 and 1292.59 on Russell 2000.

Semiannual pivots and annual value levels are 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.

Semiannual risky levels remain at 18522 Dow Industrials, 2080.3 S&P 500, 4642 Nasdaq and 1285.37
on the Russell 2000. Semiannual pivots remain at 8447 Dow Transports and 1139.81 Russell 2000.

Dow Industrials: (16117) Daily and annual value levels are 15881, 14835 and 13467 with semiannual
weekly risky levels at 16301 and 17274, the Sept. 19 all-time intraday high at 17350.64 and monthly,
quarterly and semiannual risky levels at 17779, 18045 and 18552.
S&P 500 (1862.8) Daily, semiannual and annual value levels are 1830.4, 1789.3, 1539.1 and 1442.1
with a weekly risky level at 1991.3, the Sept. 19 all-time intraday high at 2019.26, and monthly,
quarterly and semiannual risky levels at 2079.2, 2094.2 and 2080.3.
NASDAQ (4217) Daily, semiannual and annual value levels are 4123, 3972, 3471 and 3063 with
weekly and monthly risky levels at 4510 and 4609, the Sept. 19 multiyear intraday high at 4610.57 and
semiannual and quarterly risky levels at 4691 and 4713.

NASDAQ 100 (NDX) (3765) Daily, semiannual and annual value levels are 3711, 3515, 3078 and
2669 with quarterly, weekly and semiannual risky levels at 3861, 4033, 4060 and 4105, the Sept. 19

multiyear intraday high at 4118.91, and monthly risky level at 4152.

Dow Transports (8026) Daily, semiannual and annual value levels are 7616, 7423, 6249 and 5935
with semiannual and weekly risky levels at 8447 and 8487, the Sept. 19 all-time intraday high at
8714.94, and monthly and quarterly risky levels at 8790 and 9418.
Russell 2000 (1086.11) Daily and annual value levels are 1049.86, 966.72 and 879.39 with weekly,
semiannual and monthly risky levels at 1112.36, 1139.81 and 1159.82, the J uly 1 all-time intraday high
at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1292.59.
The SOX (570.73) Daily, semiannual and annual value levels are 538.36, 512.94, 371.58 and
337.74 with semiannual and weekly risky levels at 608.03 and 623.16, the Sept. 19 multiyear intraday
high 659.64, and quarterly and monthly risky levels at 687.65 and 691.22.

Dow Utilities: (558.94) Quarterly, annual, semiannual and annual value levels are 553.35, 548.70,
523.72 and 497.53 with daily and weekly pivots levels at 565.72 and 566.99, the J une 30 all-time
intraday high at 576.98, and monthly and semiannual risky levels at 589.67 and 612.49.
10-Year Note (2.153) Annual, monthly, weekly and quarterly value levels are 2.263, 2.448, 2.537
and 3.258 with daily, semiannual and annual risky levels at 2.088, 1.999 and 1.779.
30-Year Bond (2.937) Semiannual, monthly, annual, weekly, and quarterly value levels are 3.082,
3.089,3, 3.202, 3.283 and 3.963 with daily and semiannual risky levels at 2.887 and 2.487.
Comex Gold ($1238.9) Weekly and quarterly value levels are $1162.8 and $906.43 with daily,
monthly, semiannual and annual risky levels at $1251.2, $1305.2, $1613.0, $1738.7 and $1747.4.
Nymex Crude Oil ($82.73) A daily value level is $78.58 with a weekly pivot at $85.62 and monthly,
quarterly, semiannual, annual and quarterly risky levels at $100.07, $102.66, $106.48 and $107.52.
The Euro (1.2808) Weekly and semiannual value levels are 1.2279 and 1.2203 with a daily pivot at
1.2796 and monthly, annual and quarterly risky levels at 1.3309, 1.3382 and 1.3603.

The Dollar versus Japanese Yen (106.34) Daily and annual value levels are 105.53 and 93.38 with
a monthly pivot at 105.94 and weekly and quarterly risky levels at 111.84 and 123.64.

The British Pound (1.6090) A weekly value level is 1.5836 with daily, quarterly and annual pivots at
1.6055, 1.6210 and 1.6262 and monthly and semiannual risky levels at 1.6907 and 1.7302.

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