Suttmeier on the U.S. Capital Markets – Mar. 9, 2015 • The Dow 30, S&P 500, Nasdaq, Transports, Russell 2000, SOX, Utilities • U.S. Treasury Yields, 10-Year Note & 30-Year Bond • Comex Gold, Nymex Crude Oil • Euro vs Dollar, Dollar vs Japanese Yen, British Pound vs Dollar • ETFs: DIA, SPY, QQQ, XLB, XLI, XLY, XLP, XLE, XLF, XLV, XLU, XLK,

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The Major Equity Averages

Value Levels – Levels that are likely to hold on weakness. Pivots – Levels that could be tested as magnets. Risky Levels – Levels that are likely to restrain strength (W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A-Annual) Five-Week – The five-week modified moving average. Int Sent – 12x3x3 weekly slow stochastic reading on a scale of 0.0 to 10.0. (Below 2.0 is oversold, above 8.0 is overbought. Rising is positive. Declining is negative) Weekly Charts – Above the Five-Week with rising Stoch is positive. Below the Five-Week with declining Stoch is negative. New Multiyear and All-Time Intraday Highs Were Set On Monday, March 2. The Dow Jones Industrial Average set an all-time intraday high of 18288.63. The Nasdaq Composite set a multiyear high of 5008.57. The Russell 2000 set an all-time high of 1243.33. These three closed Friday below their prior week lows setting up potential key reversals, confirmed by lower closes this week and next week. Dow Transports stayed well below its all-time high of 9310.33 set on November 28. The S&P 500 stalled just shy of its all-time high of 2119.59 set on February 25. The five major equity averages ended last week straddling their five-week modified moving averages at 17859 Dow Industrials, 2071.2 S&P 500, 4843 Nasdaq, 8965 Dow Transports and 1209.29 Russell 2000. All have rising or overbought momentum making the overall set-up neutral, but vulnerable.

The year-to-date lows for the five major equity averages; 17037.76 Dow Industrials on Feb. 2, 1980.90 S&P 500 on Feb. 2, 4563.11 Nasdaq on Jan.16, 8583.54 Dow Transports on Feb. 2, and 1151.30 Russell 2000 on Jan.16.

Suttmeier on the U.S. Capital Markets – Mar. 9, 2015 • The Dow 30, S&P 500, Nasdaq, Transports, Russell 2000, SOX, Utilities • U.S. Treasury Yields, 10-Year Note & 30-Year Bond • Comex Gold, Nymex Crude Oil • Euro vs Dollar, Dollar vs Japanese Yen, British Pound vs Dollar • ETFs: DIA, SPY, QQQ, XLB, XLI, XLY, XLP, XLE, XLF, XLV, XLU, XLK,

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Dow Industrials: (17857) Annual value levels are 15112 and 14557 with weekly and monthly pivots at 17858 and 18102, the March 2 all-time intraday high of 18288.63, and semiannual and quarterly risky levels at 18328, 18744 and 19600.

S&P 500 – (2071.3) Annual value levels are 1585.9 and 1558.2 with weekly, monthly and semiannual pivots at 2083.2, 2096.4 and 2102.2, the Feb. 25 all-time intraday high at 2119.59 and quarterly risky level at 2268.9.

NASDAQ – (4927) Semiannual and annual value levels are 4715, 4635, 3901 and 3596 with weekly and monthly pivots at 4949, 4962, the March 2 multiyear intraday high at 5008.57, and a quarterly risky level at and 5245. The March 2000 “tech bubble” peak is at 5132.

Dow Transports – (8907) Semiannual and annual value levels are 8655, 8452, 7289 and 6635 with a weekly pivot at 8993, a monthly risky level at 9307, the Nov. 28 all-time intraday high at 9319.33 and quarterly risky level at 10009.

Russell 2000 – (1217.52) Semiannual, monthly and annual value levels are 1207.39, 1158.21, 975.84 and 954.08 with a weekly pivot at 1227.68, the March 2 all-time intraday high at 1243.33 and semiannual and quarterly risky levels at 1287.98 and 1382.55.

The SOX – (7712.42) Weekly, monthly, semiannual and annual value levels are 697.86, 694.56, 673.94, 619.34, 600.94 and 432.78 with the March 2 multiyear intraday high at 734.53 and quarterly risky level at 763.90.

Dow Utilities: - (570.03) Annual value levels are 525.86 and 510.04 with weekly, semiannual, quarterly and monthly risky levels at 591.40, 610.68, 621.93, 627.50 and 637.27 and the Jan. 28 all-time intraday high at 657.17. The utility average is below its 200-day simple moving average at 579.50 for the first time since January 2014 and has had a negative weekly chart profile since February 6.

Suttmeier on the U.S. Capital Markets – Mar. 9, 2015 • The Dow 30, S&P 500, Nasdaq, Transports, Russell 2000, SOX, Utilities • U.S. Treasury Yields, 10-Year Note & 30-Year Bond • Comex Gold, Nymex Crude Oil • Euro vs Dollar, Dollar vs Japanese Yen, British Pound vs Dollar • ETFs: DIA, SPY, QQQ, XLB, XLI, XLY, XLP, XLE, XLF, XLV, XLU, XLK,

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U.S. Treasuries, Comex Gold, Nymex Crude Oil, Currencies

10-Year Note – (2.247%) My quarterly value level is 3.147% with weekly, semiannual, monthly, semiannual and annual risky levels at 2.005%, 1.921%, 1.873%, 1.589%, 1.342% and 0.715%.

30-Year Bond – (2.845%) Semiannual, annual and quarterly value levels are 2.949%, 3.013% and 3.690% with weekly, monthly, semiannual and annual risky levels at 2.610%, 2.383%, 2.177% and 2.169%.

Comex Gold – ($1168.2) Monthly and quarterly value levels are $1118.2 and $893.0 with weekly, semiannual and annual risky levels at $1239.2, $1348.9, $1580.7 and $1816.9.

Nymex Crude Oil – ($49.78) A monthly value level is $35.26 with the Jan. 2009 low is at $33.20 and the Feb. 3 high at $54.24, a weekly pivot at $50.70 and a semiannual risky level at $81.58.

The Euro – (1.0843) – Monthly and weekly value levels are 1.0729 and 1.0609 with semiannual and quarterly risky levels are at 1.2828, 1.2899 and 1.3551.

The Dollar vs Japanese Yen – (120.83) Weekly and semiannual value levels are 119.41 and 112.09 with quarterly and monthly risky levels at 124.52 and 126.23.

The British Pound – (1.5035) Monthly an annual value levels are 1.4628 and 1.2801 with a weekly pivot at 1.5220 and quarterly and semiannual risky levels at 1.5821 and 1.6289.

Suttmeier on the U.S. Capital Markets – Mar. 9, 2015 • The Dow 30, S&P 500, Nasdaq, Transports, Russell 2000, SOX, Utilities • U.S. Treasury Yields, 10-Year Note & 30-Year Bond • Comex Gold, Nymex Crude Oil • Euro vs Dollar, Dollar vs Japanese Yen, British Pound vs Dollar • ETFs: DIA, SPY, QQQ, XLB, XLI, XLY, XLP, XLE, XLF, XLV, XLU, XLK,

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This Week’s ETF Briefing By Richard Suttmeier

The Diamonds Trust (DIA) has a neutral weekly chart. The S&P 500 ETF (SPY) and the Nasdaq 100 ETF (QQQ) have positive weekly charts with QQQ overbought.

The Materials, Consumer Discretionary and Healthcare sectors have positive but overbought weekly charts.

The Industrial, Consumer Staples, Energy and Transportation sectors have neutral weekly charts with last week’s closes below their five-week modified moving averages.

The Finance and Technology sectors have positive weekly charts.

The Utilities sector continues to have negative weekly chart. After being a big winner in 2014 but is now the biggest loser year to date down 5.4%. The biggest sector winners are Consumer Discretionary and Healthcare with year-to-date gains of 4.5% and 3.7%, respectively.

All ETF’s were down in the first week of March with the 20+ year U.S. Treasury fund (TLT) the loser down 4.7%.

The Commodity Fund (GSG) had a gain of 5.9% in February but after slipping 2.1% in the first weekly of March is down 5.3% year to date. This ETF is 70% weighed to energy and has a neutral weekly chart.

The Gold Trust ETF (GLD) lost 3.7% last week and is now down 1.5% year to date.

Potential weekly key reversals are in Diamonds, QQQ’s, Healthcare and Technology.