Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in Melbourne, FL.

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March 31, 2014 We now have negative weekly charts for the Nasdaq and Russell 2000.

The Nasdaq and Russell 2000 have negative weekly chart profiles with Fridays closes below their five-week modified moving averages at 4219 and 1167.72 respectively with 12x3x3 weekly slow stochastic readings declining below 80.00 at 76.91 and 77.57. Today is month end and the end of the first quarter and thus we will have new monthly and quarterly value levels, pivots and risky levels tomorrow. It appears that we will have new monthly risky levels and quarterly pivots. We still have semiannual value levels at 3930 and 3920 on the Nasdaq with semiannual pivots at 16245 Dow Industrials, 1797.3 and 1764.4 S&P 500, 7376 and 7245 Dow Transports, and 1133.29 and 1130.79 on the Russell 2000, and the semiannual risky level at 16860 Dow Industrials. All pivots mentioned have been crossed at least once so far in 2014. The Nasdaq value levels have yet to be tested as the Feb. 5 low was 3968.19. If a stock market top is confirmed the risk is to the annual value levels at 14835 and 13467 Dow Industrials, 1539.1 and 1442.1 S&P 500, 3471 and 3063 Nasdaq, 6249 and 5935 on Dow Transports and 966.72 and 879.39 on Russell 2000. The Dow Industrial Average is still above its five-week MMA at 16210 with rising 12x3x3 weekly slow stochastics. The S&P 500 held its five-week MMA at 1845.4 at the weekly low each of the last four weeks and has overbought momentum. Dow Transports is still above its five-week MMA at 7416 with rising 12x3x3 weekly slow stochastics. Dow Industrials: (16323) Daily, semiannual and annual value levels are 16259, 16245, 14835 and 13467 with the Dec. 31 all-time intraday high at 16588.25 and weekly and semiannual risky levels at 16710 and 16860. S&P 500 (1857.6) Daily, semiannual and annual value levels are 1847.6, 1797.3, 1764.4, 1539.1 and 1442.1 with the March 21 all-time intraday high at 1883.97, and weekly risky level at 1913.5. NASDAQ (4156) Daily, semiannual and annual value levels are 4111, 3930, 3920, 3471 and 3063 with a weekly risky level at 4365 and the March 6 multiyear intraday high at 4371.71. NASDAQ 100 (NDX) (3571) Daily, semiannual and annual value levels are 3530, 3456, 3458, 3078 and 2669 with a weekly risky level at 3747 and the March 6 multiyear intraday high at 3738.32. Dow Transports (7451) Daily, semiannual, and annual value levels are 7398, 7376, 7245, 6249 and 5935 with a weekly risky level at 7531 and the March 7 all-time intraday high at 7627.44. Russell 2000 (1151.81) Daily, semiannual and annual value levels are 1140.56, 1133.29, 1130.79,

966.72 and 879.39, with a weekly risky levels at 1201.45 and the March 4 all-time intraday high at 1212.82. The SOX (577.46) Semiannual and annual value levels are 548.36, 490.52, 371.58 and 337.74 with the March 26 multiyear intraday high at 591.11 and daily and weekly risky level at 582.17 and 602.78. Dow Utilities: (526.94) Daily, semiannual and annual value levels are 521.07, 504.74 and 497.53 weekly and annual risky levels at 533.21 and 548.70. The yield on the US Treasury 10-Year note (2.712%) is on the cusp of its 21-day, 50-day and 200-day SMAs converging at 2.714%, 2.720% and 2.700%. The weekly chart is neutral with its five-week MMA at 2.730% and its 200-week SMA at 2.414%. The yield on the US Treasury 30-Year bond (3.544%) remains below its 21-day, 50-day and 200-day SMAs at 3.623%, 3.654% and 3.711%. The weekly chart shows this yield below its five-week MMA at 3.642% and still sliding down its 200-week SMA at 3.535%. Comex Gold ($1293.8) is below its 21-day SMA at $1338.3 and is just below its golden cross with its 50-day and 200-day SMAs at $1305.1 and $1298.8. The March 17 high was $1392.6 and gold was pulled down by my quarterly and monthly pivots at $1385.0 and $1373.0. The weekly chart shifts to negative given a close this week below its five-week MMA at $1312.6 with the 200-week SMA at $1493.9. Gold still has overbought 12x3x3 weekly slow stochastic at 80.09. Nymex Crude Oil ($101.67) is above its 21-day, 50-day and 200- day SMAs at $100.47, $99.60 and $100.45. The weekly chart is neutral with its five-week MMA at $100.12 with declining stochastics and the 200-week SMA at $93.56. The Euro (1.3752) is below its 21-day SMA at 1.3826 and above its 50-day and 200-day SMAs at 1.3720 and 1.3508. The weekly chart shifts to negative with a close this week below its five-week MMA at 1.3761 with the 200-week SMA at 1.3345. To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact me at RSuttmeier@gmail.com.