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Consider These Dow Components for Your Stock Allocation

3M ($128.36) set a new multi-year high at $128.59 yesterday, which makes my quarterly risky level at $128.27 a pivot. My monthly value level is $125.50 with a weekly pivot at $127.95.

Procter & Gamble (PG) ($82.80) set a new multi-year high at $83.10 on Thursday after trading as low as $73.61 on Aug. 30. My monthly value level is $80.01 with a semiannual pivot at $81.86.

AT&T ($35.17) has been trading back and forth around is 200-day SMA since May 29. The stock's second half 2013 low is $33.09 set on Oct. 8 and now AT&T is between its 50-day SMA at $34.57 and its 200-day SMA at $35.65. My semiannual value level is $32.14 with a monthly pivot at $35.17 and semiannual risky level at $38.14.

United Health (UNH) ($69.95) set a multi-year high at $75.88 on Sept. 16 then traded as low as $66.72 on Oct. 28. The stock is now below its 50-day SMA at $71.54. My weekly Value level is $68.82 with a semiannual risky level at $73.01.

United Technologies (UTX) ($107.45) set a multi-year high at $112.46 on Sept. 19 and currently rests on the cusp of its 50-day SMA at $107.07. My quarterly value level is $106.06 with a semiannual pivot at $107.61 and a monthly risky level at $109.13.

Verizon (VZ) ($50.16) set a second half 2013 low at $45.08 on Sept. 3 and has been above its 200-day SMA at $49.08 since Oct. 17. My semiannual value level is $49.86 with a weekly pivot at $50.15 and monthly risky level at $52.68.

Wal-Mart (WMT) ($78.71) set a second half 2013 low at $71.51 on Oct. 7 and has been above its 200-day SMA at $75.29 since Oct. 17. My semiannual value level is $74.96 with a weekly pivot at $77.33 and quarterly risky level at $80.09.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier is the chief market strategist at AlphaPlus Analytics in addition to ValuEngine.com. He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world.

Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary.

Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for ValuEngine.com since 2008 and often appears on financial TV.

Click here for details on Suttmeier's "Buy and Trade" investment strategy.

Richard Suttmeier can be reached at RSuttmeier@Gmail.com
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