(3131) -- Quarterly and annual value levels are 3071, 2806 and 2790 with my monthly risky level at 3250. A close below last week's low at 3182.19 defines a weekly key reversal.
The Dow Transportation Average
(5875.56) -- My annual, monthly and quarterly value levels are 5469, 5440 and 5094 with annual and semiannual pivots at 5925 and 5955. A close below last week's low at 5892.24 defines a weekly key reversal.
The Russell 2000
(905.4) -- Annual, quarterly and annual value levels are 860.25, 821.01 and 809.54 with a monthly pivot at 911.32 and semiannual risky level at 965.51. A close below last week's low at 910.22 defines a weekly key reversal.
Nasdaq 100 Index
(2712) -- Did not set a multi-year high this week and strength stayed below my quarterly risky level at 2798. My annual value level is 2463 with monthly risky level at 2870.
PHLX Semiconductor Sector Index
(416.27) -- A close this week below 423.18 would be a weekly key reversal for semiconductors, but the week's high was not a multi-year high, but was a new year to date high at 433.93. My quarterly value level is 371.62 with a monthly pivot at 409.08 and quarterly risky level at 440.36.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.