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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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  • Transports Set A New Record Close, While Industrials Lag 13,668.

    10-Year Note - (1.870) Annual and semiannual value levels are 1.981, 2.476 and 3.063 with daily, semiannual, monthly and quarterly risky levels at 1.823, 1.413, 1.349 and 1.027.

    Comex Gold - ($1687.3) Monthly and annual value levels are $1673.8 and $1599.9 with daily, semiannual, quarterly and annual risky levels at $1698.2, $1719.2, $1802.9 and $1852.1.

    Nymex Crude Oil - ($95.32) My monthly value level is $74.23 with daily and quarterly pivots at $94.88 and $95.84 and annual and semiannual risky levels at $95.84, $115.23, $115.42 and $130.42.

    The Euro - (1.3375) Semiannual and monthly value levels are 1.2797 and 1.2343 with annual and quarterly pivots at 1.3257 and 1.3334 and daily and annual risky levels at 1.3432 and 1.4295.

    The Dow Transport Average set another new all time closing high at 5681.28 with the Dow Industrial Average shy of my quarterly risky level at 13,668. To have a "Dow Theory Buy Signal" the Dow Industrial Average needs to have a new all time closing high above 14,164.53 set on October 9, 2007.

    Daily Dow:(13,596) Monthly and annual value levels are 12,818, 12,696 and 12,509 with a daily pivot at 13,599 and quarterly and semiannual risky levels at 13,668, 14,118 and 14,323.

    S&P 500 - (1480.9) Quarterly, monthly and annual value levels are 1431.1, 1397.6, 1400.7 and 1348.3 with a daily pivot at 1380.3, and quarterly and semiannual risky levels at 1510.0 and 1566.9.

    NASDAQ - (3136) Quarterly, monthly and annual value levels are 3071, 2934, 2806 and 2790 with a daily pivot at 3139, and quarterly and semiannual risky levels at 3205, 3274 and 3583. The September 21, 2012 high is 3196.93.

    NASDAQ 100 (NDX) - (2747) Monthly and annual value levels are 2610, 2463 and 2385 with a daily pivot at 2748, and quarterly risky levels at 2798 and 2920.

    Dow Transports - (5681) Annual, quarterly and monthly value levels are 5469, 5094 and 5012 with a daily pivot at 5693, and annual and semiannual risky levels at 5925 and 5955.

    Russell 2000 - (890.36) Annual, quarterly, monthly and annual value levels are 860.25, 821.01, 813.37 and 809.54 with a daily pivot at 889.52, and quarterly and semiannual risky levels at 913.92 and 965.51. The Russell 2000 set a new all time high at 891.00 on January 17.

    The SOX- (412.53) Quarterly, monthly and annual value levels are 371.62, 347.83 and 338.03 with a daily pivot at 409.04 and quarterly and semiannual risky levels at 440.36 and 520.17.

    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

    Jan 17 6:59 PM | Link | Comment!
  • All Daily Charts For The Major Averages Are Overbought.

    10-Year Note - (1.824) Weekly, annual and semiannual value levels are 1.921, 1.981, 2.476 and 3.063 with daily, semiannual, monthly and quarterly risky levels at 1.803, 1.413, 1.349 and 1.027.

    Comex Gold - ($1680.3) Monthly, weekly and annual value levels are $1673.8, $1657.5 and $1599.9 with semiannual, quarterly and annual risky levels at $1719.2, $1802.9 and $1852.1.

    Nymex Crude Oil - ($94.16) My monthly value level is $74.23 with weekly and daily pivots at $93.28 and $94.28 and quarterly and annual risky levels at $95.84, $115.23 and $115.42.

    The Euro - (1.3287) Semiannual and monthly value levels are 1.2797 and 1.2343 with annual and quarterly pivots at 1.3257 and 1.3334 and daily and weekly risky levels at 1.3390 and 1.3533.

    The Dow Transport Average set another new all time closing high at 5643.84, as all daily charts become extremely overbought. To have a "Dow Theory Buy Signal" the Dow Industrial Average needs to have a new all time closing high above 14,164.53 set on October 9, 2007.

    Daily Dow:(13,511) Monthly and annual value levels are 12,818, 12,696 and 12,509 with a daily pivot at 13,482 and quarterly, weekly and semiannual risky levels at 13,668, 13,827, 14,118 and 14,323.

    S&P 500 - (1472.6) Quarterly, monthly and annual value levels are 1431.1, 1397.6, 1400.7 and 1348.3 with a daily pivot at 1369.6, and weekly and quarterly risky levels at 1506.8 and 1510.0.

    NASDAQ - (3118) Quarterly, monthly and annual value levels are 3071, 2934, 2806 and 2790 with a daily pivot at 3122, and weekly, quarterly and semiannual risky levels at 3205, 3274 and 3583.

    NASDAQ 100 (NDX) - (2735) Monthly, annual and semiannual value levels are 2610, 2463, 2385 and 2249 with daily, quarterly, weekly and quarterly 2740, 2798, 2817, 2920 and 3196.

    Dow Transports - (5644) Annual, quarterly and monthly value levels are 5469, 5094 and 5012 with a daily pivot at 5627, and weekly, annual and semiannual risky levels at 5715, 5925 and 5955.

    Russell 2000 - (882.31) Annual, quarterly, monthly and annual value levels are 860.25, 821.01, 813.37 and 809.54 with a daily pivot at 881.15, and weekly, quarterly and semiannual risky levels at 911.65, 913.92 and 965.51.

    The SOX- (404.46) Quarterly, monthly and annual value levels are 371.62, 347.83 and 338.03 with a daily pivot at 401.63 and weekly, quarterly and semiannual risky levels at 415.08, 440.36 and 520.17. .

    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

    Jan 16 6:25 PM | Link | Comment!
  • Dow Transports Generates A Dow Theory Buy Signal.

    10-Year Note - (1.838) Weekly, annual and semiannual value levels are 1.921, 1.981, 2.476 and 3.063 with a daily pivot at 1.840, and semiannual and monthly risky levels at 1.413 and 1.349.

    Comex Gold - ($1679.2) Daily, weekly and annual value levels are $1664.8, $1657.5 and $1599.9 with my monthly pivot at $1673.8 and semiannual, quarterly and annual risky levels at $1719.2, $1802.9 and $1852.1.

    Nymex Crude Oil - ($93.42) My monthly value level is $74.23 with weekly and daily pivots at $93.28 and $94.26 and quarterly and annual risky levels at $95.84, $115.23 and $115.42.

    The Euro - (1.3305) Semiannual and monthly value levels are 1.2797 and 1.2343 with annual and quarterly pivots at 1.3257 and 1.3334 and daily and weekly risky levels at 1.3373 and 1.3533.

    We ended Tuesday with a "Dow Theory Buy Signal" with Dow Transports setting a new all time high at 5645.75 and a new all time closing high at 5639.64. To confirm this signal the Dow Industrials need to have a daily close above its all time closing high of 14,164.53 set on October 9, 2007.

    Daily Dow:(13,535) Monthly and annual value levels are 12,818, 12,696 and 12,509 with a daily pivot at 13,514 and quarterly, weekly and semiannual risky levels at 13,668, 13,827, 14,118 and 14,323.

    S&P 500 - (1472.3) Quarterly, monthly and annual value levels are 1431.1, 1397.6, 1400.7 and 1348.3 with daily, weekly, quarterly and semiannual risky levels at 1475.3, 1506.8, 1510.0 and 1566.9.

    NASDAQ - (3111) Quarterly, monthly, annual and semiannual value levels are 3071, 2934, 2806, 2790 and 2546 with daily, weekly, quarterly and semiannual risky levels at 3118, 3205, 3274 and 3583.

    NASDAQ 100 (NDX) - (2723) Monthly, annual and semiannual value levels are 2610, 2463, 2385 and 2249 with daily, quarterly, weekly and quarterly 2728, 2798, 2817, 2920 and 3196.

    Dow Transports - (5640) Quarterly, monthly and semiannual value levels are 5094, 5012 and 4151 with an annual pivot at 5469, and daily, weekly and annual risky levels at 5666, 5715 and 5925.

    Russell 2000 - (884.60) Annual, quarterly, monthly and annual value levels are 860.25, 821.01, 813.37 and 809.54 with daily, weekly, quarterly and semiannual risky levels at 887.50, 911.65, 913.92 and 965.51. The Russell 2000 set a new all time high at 884.84 on January 15.

    The SOX- (399.87) Quarterly, monthly and annual value levels are 371.62, 347.83 and 338.03 with a daily pivot at 399.24 and weekly and quarterly risky levels at 415.08 and 440.36.

    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

    Jan 15 7:21 PM | Link | Comment!
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