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Richard Suttmeier
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ValuEngine.com ValuEngine, Inc is an independent research company, producing recommendations, forecasted target prices, and fair market valuations on over 5,500 equities trading on US exchanges (including over 700 international ADR's).. Research on each equity is updated every trading day to... More
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  • Tuesday's Melt-Up, But Not New Highs Yet, As FOMC Looms!

    10-Year Note - (2.185) The June 11 high was 2.293 with daily, weekly, annual and semiannual value levels are 2.284, 2.259, 2.476 and 3.063 with monthly, annual and semiannual risky levels at 2.092, 1.981 and 1.413.

    Comex Gold - ($1366.8) My daily value level is $1347.9 with a monthly pivot at $1379.5 with weekly, annual, semiannual, quarterly and annual risky levels at $1412.2, $1599.9, $1719.2, $1808.3 and $1852.1.

    Nymex Crude Oil - ($98.41) Monthly and quarterly value levels are $92.32 and $79.66 with daily, weekly and annual risky levels at $99.13, $102.71 and $115.23.

    The Euro - (1.3395) Weekly, semiannual and quarterly value levels are 1.3124, 1.2797 and 1.2169 with annual and monthly pivots at 1.3257 and 1.3322, and daily risky level at 1.3419.

    Monthly value levels remain 14,739 Dow Industrials, 1602.8 S&P 500, and 3288 Nasdaq with a monthly pivot at 978.21 Russell 2000, and monthly risky level at 6734 Dow Transports. The May 20 / May 22 highs are; 15,542.40 Dow Industrials, 1687.18 S&P 500, 3532.04 Nasdaq, 6568.41 Dow Transports and 1008.23 Russell 2000. My semiannual value level is 14,323 Dow Industrials with semiannual pivots at 1566.9 S&P 500, 5955 Dow Transports and 965.51 Russell 2000 and my semiannual risky level at 3583 Nasdaq. My annual value levels are; 12.696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports and 809.54 Russell 2000.

    Daily Dow:(15,318) Monthly, semiannual, quarterly / annual value levels are 15,027, 14,739, 14,323, 13,755 / 12,696 with a daily risky level at 15,330, the May 22 all time high at 15,542.40, and weekly risky level at 15,667.

    S&P 500 - (1651.8) Monthly, semiannual, quarterly and annual value levels are 1602.8, 1566.9, 1448.7 and 1348.3 with a daily pivot at 1650.9, the May 22 all time high at 1687.18, and weekly risky level at 1705.9.

    NASDAQ - (3482) Monthly, quarterly and annual value levels are 3288, 3106 and 2806 with a daily pivot at 3479, the May 22 multi-year high at 3532.04, and semiannual and week risky levels at 3583 and 3644.

    NASDAQ 100 (NDX) - (2996) Quarterly, monthly and annual value levels are 2819, 2784 and 2463 with a daily pivot at 2991, the May 22 multi-year high at 3053.51 and weekly risky level at 3141.

    Dow Transports - (6359) Semiannual, annual and quarterly value levels are 5955, 5925, 5469 / 5324 with a daily risky level at 6432, the May 20 all time high at 6562.85, and weekly / monthly risky levels at 6612 / 6734.

    Russell 2000 - (999.99) Monthly, semiannual, annual and quarterly value levels are 978.21, 965.51, 860.25, 809.54 and 807.82 with a daily pivot at 996.75, the May 22 high at 1008.23, and weekly risky level at 1038.6.

    The SOX- (480.06) Daily, monthly, quarterly and annual value levels are 475.91, 458.41, 357.61 and 338.03 with a weekly risky level at 506.46, a semiannual risky level is 520.17 and the July 2007 high at 549.39.

    Dow Utilities:(490.82) Weekly and semiannual value levels are 478.78 and 474.32 with daily and monthly pivots at 488.43 and 491.15, a quarterly risky level at 524.16 and annual risky level at 540.37.

    VE Morning Briefing - If you want expanded analysis of the US Capital Markets go to this link and sign up: http://www.valuengine.com/nl/mainnl?nl=D

    Jun 18 7:09 PM | Link | Comment!
  • Melt-Up Then Melt-Down, Or A Confirmed Top This Week!

    10-Year Note - (2.178) The June 11 high was 2.293 with daily, weekly, annual and semiannual value levels are 2.242, 2.259, 2.476 and 3.063 with monthly, annual and semiannual risky levels at 2.092, 1.981 and 1.413.

    Comex Gold - ($1384.5) Daily and monthly pivots are $1372.8 and $1379.5 with weekly, annual, semiannual, quarterly and annual risky levels at $1412.2, $1599.9, $1719.2, $1808.3 and $1852.1.

    Nymex Crude Oil - ($97.91) Monthly and quarterly value levels are $92.32 and $79.66 with daily, weekly and annual risky levels at $99.21, $102.71 and $115.23.

    The Euro - (1.3345) Weekly, semiannual and quarterly value levels are 1.3124, 1.2797 and 1.2169 with annual and monthly pivots at 1.3257 and 1.3322, and daily risky level at 1.3530.

    Monthly value levels remain 14,739 Dow Industrials, 1602.8 S&P 500, and 3288 Nasdaq with a monthly pivot at 978.21 Russell 2000, and monthly risky level at 6734 Dow Transports. The May 20/May 22 highs are; 15,542.40 Dow Industrials, 1687.18 S&P 500, 3532.04 Nasdaq, 6568.41 Dow Transports and 1008.23 Russell 2000. My semiannual value level is 14,323 Dow Industrials with semiannual pivots at 1566.9 S&P 500, 5955 Dow Transports and 965.51 Russell 2000 and my semiannual risky level at 3583 Nasdaq. My annual value levels are; 12.696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports and 809.54 Russell 2000.

    Daily Dow:(15,180) Monthly, semiannual, quarterly / annual value levels are 15,027, 14,739, 14,323, 13,755 / 12,696 with a daily risky level at 15,317, the May 22 all time high at 15,542.40, and weekly risky level at 15,667.

    S&P 500 - (1639.0) Monthly, semiannual, quarterly and annual value levels are 1602.8, 1566.9, 1448.7 and 1348.3 with a daily risky level at 1655.2, the May 22 all time high at 1687.18, and weekly risky level at 1705.9.

    NASDAQ - (3452) Monthly, quarterly and annual value levels are 3288, 3106 and 2806 with a daily risky level at 3482, the May 22 multi-year high at 3532.04, and semiannual and week risky levels at 3583 and 3644.

    NASDAQ 100 (NDX) - (2971) Quarterly, monthly and annual value levels are 2819, 2784 and 2463 with a daily risky level at 2989, the May 22 multi-year high at 3053.51 and weekly risky level at 3141.

    Dow Transports - (6297) Semiannual, annual and quarterly value levels are 5955, 5925, 5469 and 5324 with a daily risky level at 6441, the May 20 all time high at 6562.85, and weekly / monthly risky levels at 6612 / 6734.

    Russell 2000 - (987.84) Monthly, semiannual, annual and quarterly value levels are 978.21, 965.51, 860.25, 809.54 / 807.82 with a daily risky level at 1000.79, the May 22 high at 1008.23, and weekly risky level at 1038.6.

    The SOX- (472.34) Daily, monthly, quarterly and annual value levels are 470.14, 458.41, 357.61 and 338.03 with a weekly risky level at 506.46, a semiannual risky level is 520.17 and the July 2007 high at 549.39.

    Dow Utilities:(487.81) Weekly and semiannual value levels are 478.78 and 474.32 with daily and monthly risky levels at 492.14 and 491.15, a quarterly risky level at 524.16 and annual risky level at 540.37.

    VE Morning Briefing - If you want expanded analysis of the US Capital Markets go to this link and sign up: http://www.valuengine.com/nl/mainnl?nl=D

    Jun 17 7:25 PM | Link | Comment!
  • Confirming A Market Top Requires Another Week At Least.

    10-Year Note - (2.129) The June 11 high was 2.293 with weekly, annual and semiannual value levels are 2.259, 2.476 and 3.063 with daily and monthly pivots at 2.164 and 2.092, and annual and semiannual risky levels at 1.981 and 1.413.

    Comex Gold - ($1389.9) Daily and monthly pivots are $1381.7 and $1379.5 with weekly, annual, semiannual, quarterly and annual risky levels at $1412.2, $1599.9, $1719.2, $1808.3 and $1852.1.

    Nymex Crude Oil - ($97.85) Monthly and quarterly value levels are $92.32 and $79.66 with daily, weekly and annual risky levels at $98.44, $102.71 and $115.23.

    The Euro - (1.3345) Weekly, semiannual and quarterly value levels are 1.3124, 1.2797 and 1.2169 with annual and monthly pivots at 1.3257 and 1.3322, and daily risky level at 1.3473.

    We need closes this week below the five-week modified moving averages at; 15,036 Dow Industrials, 1621.3 S&P 500, 3405 Nasdaq, 6295 Dow Transports, and 971.94 Russell 2000 to confirm a market top. Monthly value levels remain 14,739 Dow Industrials, 1602.8 S&P 500, and 3288 Nasdaq with a monthly pivot at 978.21 Russell 2000, and monthly risky level at 6734 Dow Transports. The May 20/May 22 highs are; 15,542.40 Dow Industrials, 1687.18 S&P 500, 3532.04 Nasdaq, 6568.41 Dow Transports and 1008.23 Russell 2000. My semiannual value level is 14,323 Dow Industrials with semiannual pivots at 1566.9 S&P 500, 5955 Dow Transports and 965.51 Russell 2000 and my semiannual risky level at 3583 Nasdaq. My annual value levels are; 12.696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports and 809.54 Russell 2000.

    Daily Dow:(15,070) Daily, monthly, semiannual, quarterly and annual value levels are 15,027, 14,739, 14,323, 13,755 and 12,696 with the May 22 all time high at 15,542.40, and weekly risky level at 15,667.

    S&P 500 - (1626.7) Daily, monthly, semiannual, quarterly and annual value levels are 1623.3, 1602.8, 1566.9, 1448.7 and 1348.3 with the May 22 all time high at 1687.18, and weekly risky level at 1705.9.

    NASDAQ - (3424) Daily, monthly, quarterly and annual value levels are 3421, 3288, 3106 and 2806 with the May 22 multi-year high at 3532.04, and semiannual and week risky levels at 3583 and 3644.

    NASDAQ 100 (NDX) - (2944) Daily, quarterly, monthly and annual value levels are 2939, 2819, 2784 and 2463 with the May 22 multi-year high at 3053.51 and weekly risky level at 3141.

    Dow Transports - (6309) Daily, semiannual, annual and quarterly value levels are 6289, 5955, 5925, 5469 and 5324 with the May 20 all time high at 6562.85, and weekly and monthly risky levels at 6612 and 6734.

    Russell 2000 - (981.38) Semiannual, annual and quarterly value levels are 965.51, 860.25, 809.54 and 807.82 with daily and monthly pivots at 981.17 / 978.21, the May 22 high at 1008.23, and weekly risky level at 1038.6.

    The SOX- (465.53) Daily, monthly, quarterly and annual value levels are 459.90, 458.41, 357.61 and 338.03 with a weekly risky level at 506.46, a semiannual risky level is 520.17 and the July 2007 high at 549.39.

    Dow Utilities:(485.33) Weekly and semiannual value levels are 478.78 and 474.32 with a daily pivot at 484.97, a monthly risky level at 491.15, a quarterly risky level at 524.16 and annual risky level at 540.37.

    VE Morning Briefing - If you want expanded analysis of the US Capital Markets go to this link and sign up: http://www.valuengine.com/nl/mainnl?nl=D

    Jun 15 8:20 AM | Link | Comment!
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