Incorporating New Monthly and Quarterly Levels into Trading Strategies:
A proxy for trading U.S. Treasuries is IShares Barclays 20+ Year Treasury (TLT) ($117.75). This month's value level is $113.10 with a weekly risky level at $118.44 and annual risky level at $120.42.
Consider trading gold using SPDR Gold Trust (GLD) ($154.47). This week's value level is $148.31 with an annual pivot at $153.45 and monthly, quarterly and annual risky levels at $166.65, $174.85 and $179.72.
A proxy for crude oil is the basket of oils-energy stocks in Energy Select Sector SPDR Fund (XLE) ($79.31). My quarterly value level lags at $63.49 with weekly and monthly pivots at $79.43 and $79.92 and semiannual risky level at $80.38 versus the year-to-date high at $80.14.You can trade the Dow Industrial Average using SPDR Diamonds Trust (DIA) ($145.32). My quarterly value level is $137.01 with monthly, semiannual and weekly pivots at $142.65, $143.01 and $145.56. Investors who agree with my bearish call can begin a short position versus the weekly pivot at $145.56. You can trade the NASDAQ 100 using PowerShares QQQ Trust (QQQ) ($68.97). My annual value level lags at $60.27 with weekly and quarterly pivots at $68.80 and $68.95 and monthly risky level at $69.54 versus the Sept 19 high at $70.58. You can trade the S&P 500 using SPDR S&P 500 Trust (SPY) ($156.67). My quarterly value level is $144.56 with monthly, semiannual and weekly pivots at $156.89, $156.59 and $157.23 versus the first quarter high at $156.85. Investors who agree with my bearish call can begin a short position versus these levels.
At the time of publication the author had no position in any of the stocks mentioned. Follow @suttmeier This article was written by an independent contributor, separate from TheStreet's regular news coverage.
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