Transports & Small Caps continue to lag 2011 all time highs

8/2/2019 Transports & Small Caps continue to lag 2011 all time highs.

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March 12, 2012 – Transpor t s & Smal l Caps cont inue t o lag 2011 a l l t ime h ighs.

In 2011 Dow Transports and the Russell 2000 led stocks higher by setting new all time highs,

but so far in 2012 these key averages are lagging those highs, while the other major averagesare trading above their 2011 highs. The Russell 2000 set an all time high at 868.57 on May 2,2011 then declined 30.7% to 601.71 on October 4th. So far in 2012 the small cap index is up asolid 10.3%, but it’s 6.3% below that all time high. Compare this to the NASDAQ which tradedas high as 3000.11 on February 29th 3.9% above its May 2, 2011 high at 2887.75. The DowTransports set an all time high at 5627.85 on July 7, 2011 then declined 29.8% to 3950.66 onOctober 4th. So far in 2012 Transports are up just 2.8%, and are 9.0% below that all time high.Compare this to the Dow Industrial Average which trade as high as 13,055.75 on February 29th 1.4% above its May 2, 2011 high at 12,876.00. Friday’s close was above my annual pivot at1363.2 SPX, which indicates to this week’s risky levels at; 13,311 Dow Industrials, 1412.6 SPX,3130 NASDAQ, 5293 Dow Transports and 829.03 / 836.15 Russell 2000. This week’s value level

for the 10-Year Treasury is 2.097. My quarterly pivot is $1740.9 for Gold. This week’s pivot is$107.27 for Crude oil. The euro versus the dollar is above its semiannual pivot at 1.2980.

10-Year Note – (2.026) Daily, weekly and annual values are 2.064, 2.097 and 2.502 with annual,weekly and quarterly risky levels at 1.903, 1.874 and 1.687.

Courtesy of Thomson / Reuters



Comex Gold – ($1714.6) Semiannual, daily and annual value levels are $1659.5, $1635.8, $1619.1and $1575.8 with quarterly, weekly and monthly risky levels at $1740.9, $1808.4 and $1888.4.


Nymex Crude Oil – ($107.52) Semiannual, annual, quarterly, monthly and semiannual value levelsare $104.84, $103.58, $99.87, $97.96 and $79.83 with daily and weekly pivots at $107.19 and

$107.27 and my annual risky level at $117.00.




The Euro – (1.3111) Daily, semiannual, monthly, and quarterly value levels are 1.2934, 1.2980,1.2622, and 1.2499 with weekly, annual and semiannual risky levels at 1.3650, 1.4239 and 1.4405.


Daily Dow: (12,922) Daily, quarterly, annual, monthly and semiannual value levels are 12,822, 12,47812,312, 11,903, 8,425 and 8,336 with weekly and annual risky levels at 13,311 and 14,032.




S&P 500 – (1370.9) Daily, quarterly, monthly and semiannual value levels are 1356.1, 1305.4, 1222.5841.7 and 829.9 with my annual pivot at 1363.2, and weekly and annual risky levels at 1412.6 and

1562.9.NASDAQ – (2988) Daily, quarterly, annual, monthly and semiannual value levels are 2941, 2777,2698, 2651, 2012 and 1952 with weekly and annual risky levels at 3130 and 3232.

NASDAQ 100 (NDX) – (2647) Daily, annual, monthly, quarterly, annual and semiannual value levelsare 2622, 2603, 2428, 2422, 2300, 1851 and 1743 with my weekly risky level at 2761.

Dow Transports – (5162) Daily, monthly and semiannual value levels are 5111, 4470, 4407 and 3778with weekly, quarterly, and annual risky levels at 5293, 5448, 5861 and 6111. The all time high was seat 5627.85 on July 11, 2011.

Russell 2000 – (816.98) Daily, monthly and semiannual value levels are 788.55, 684.13, 572.90 and

510.81 with quarterly pivots at 824.46 and 829.03, and annual and weekly risky levels at 836.15 and862.39. The all time high was set at 868.57 on May 2, 2011.

The SOX – (422.85) Daily, quarterly, monthly, annual and semiannual value levels are 404.83, 390.17323.52, 269.80, 277.90 and 194.47 with weekly and annual risky levels at 460.47 and 520.61. The2011 high is 474.33 set on February 18, 2011.

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Buy and Trade Strategies for Long Positions• Value Level – The price at which you establish an additional long position on share price

weakness. This is done on a GTC Limit Order to buy weakness to the Value Level. • Risky Level – The price at which you remove a single long position or reduce a multiple

long position on share price strength. This is done on a GTC Limit Order to sell strength tothe Risky Level.

Buy and Trade Strategies for Short Positions

• Value Level – The price at which you remove a single short position or reduce a multipleshort position on share price weakness. This is done on a GTC Limit Order to buy weaknesto the Value Level.

• Risky Level – The price at which you establish an addition short position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level.

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Transports & Small Caps continue to lag 2011 all time highs