there have been no new alltime intraday highs in the stock market since september 7 when the nasdaq composite ixic traded as high as 1539057 the nasdaq still has a positive but overbought weekly chart the philadelphia semiconductor index sox 342116 set its alltime intraday high of 348418 on september this is where the positives end the dow jones industrial average dji 3458488 set its alltime intraday high of 3563119 on august 16 the dow 30 ended last week with a negative weekly chart it’s below its fiveweek modified moving average at 34924 it’s 12week slow stochastic reading is declining at 7789 the dow is between its annual and semiannual pivots at 33425 and 34846 its quarterly value level is 31968 the sp 500 index spx 443299 set its alltime intraday high of 454585 on september 2 spx has a neutral weekly chart it’s just below its fiveweek modified moving average at 443695 but its 12week slow stochastic reading remains overbought at 8880 spx is above its semiannual quarterly and annual value levels at 413720 407588 and 393235 respectively weekly and monthly risky levels are 458733 and 460430 the nasdaq composite ixic 1504397 has a positive but overbought weekly chart the nasdaq is above its fiveweek mma at 1492214 it’s 12week slow stochastic reading remains overbought at 8984 the nasdaq has semiannual and annual value levels at 1385573 and 1200071 with a quarterly pivot at 1444743 and monthly risky level at 1531537 the dow jones transport average djt 1426796 has a negative weekly chart transports is below its fiveweek mma at 1460599 and its 12week slow stochastic reading is declining at 3775 it’s semiannual and quarterly value levels are 1331009 and 1316014 with its annual pivot at 1442455 and monthly risky level 1634029 the russell 2000 index rut 223687 has a neutral weekly chart it’s just below its fiveweek mma at 224216 its 12week slow stochastic reading is rising at 5723 its annual and semiannual value levels are 212034 and 209564 with weekly and monthly risky levels at 230313 and 249514