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Richard Suttmeier
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  • Stock Top Still Not Confirmed, But Negative Divergences Remain.

    10-Year Note - (1.667) Weekly, annual, monthly and semiannual value levels are 1.758, 1.981, 2.035, 2.476 and 3.063 with a daily pivot at 1.665, and semiannual risky level at 1.413.

    Comex Gold - ($1456.7) The 200-week SMA is $1437.9 with daily, weekly, annual, semiannual, monthly, quarterly and annual risky levels at $1480.6, $1481.0, $1599.9, $1719.2, $1723.4, $1808.3 and $1852.1.

    Nymex Crude Oil - ($92.78) Daily and quarterly value levels are $91.64 and $79.66 with weekly, monthly and annual risky levels at $94.40, $98.93 and $115.23.

    The Euro - (1.3028) Daily, semiannual and quarterly value levels are 1.2878, 1.2797 and 1.2169 with a weekly pivot at 1.3001, and annual and monthly risky levels at 1.3257 and 1.3668.

    A market top could not be confirmed last week as weekly closes were above the five-week modified moving averages (MMA) at 14,495 Dow Industrials, 1556.5 S&P 500, 3233 NASDAQ, 6071 Dow Transports and 928.85 Russell 2000. Transports and Russell shows declining weekly momentum, which is a negative divergence. My overall neutral zone continues to be between my semiannual value level at 14,323 and my semiannual risky level at 965.51 Russell 2000, with semiannual pivots in-between at 1566.9 S&P 500 and 5925 and 5955 Dow Transports. Dow Utilities continue to set new multi-year highs almost daily with Friday's high at 534.31 with its all time high at 555.71 set in January 2008.

    Daily Dow:(14,713) Daily, semiannual, monthly, quarterly and annual value levels are 14,530, 14,323, 14,286, 13,755 and 12,696 with weekly risky level at 15,111. Set its all time intra-day high and closing highs at 14,887.51 and 14,865.14 on April 11, 2013.

    S&P 500 - (1582.2) Semiannual, daily, quarterly and annual value levels are 1566.9, 1562.9, 1448.7 and 1348.3 with a weekly risky level at 1615.1 versus the all time high at 1597.35 set on April 11, 2013.

    NASDAQ - (3279) Daily, quarterly and annual value levels are 3224, 3106 and 2806 with a monthly pivot at 3289 and weekly risky level at 3335, and semiannual risky level at 3583.

    NASDAQ 100 (NDX) - (2849) Daily, quarterly and annual value levels are 2787, 2819 and 2463 with a monthly pivot at 2839 and weekly risky levels at 2877, and the September 21, 2012 high at 2878.38.

    Dow Transports - (6116) Daily, annual, monthly, semiannual and quarterly value levels are 6069, 5925, 5960, 5955, 5469 and 5324 with a weekly risky level at 6303. The all time intra-day high is 6291.65 on March 19, 2013 and an all time closing high at 6281.24 on March 14, 2013.

    Russell 2000 - (935.25) Daily, annual and quarterly value levels are 923.34, 860.25, 809.54 and 807.82 with weekly, monthly and annual risky levels at 961.25, 958.79 and 965.51. Set a new all time intra-day high at 954.00 on March 15, 2013.

    The SOX- (435.29) Daily, monthly, quarterly, and annual value levels are 422.88, 419.96, 357.61 and 338.03 with a weekly risky level at 436.31. My semiannual risky level is 520.17 with the July 2007 high at 549.39.

    Dow Utilities:(532.03) Quarterly and semiannual value levels are 524.16 and 474.63 with daily, weekly and annual risky levels at 534.14, 545.18 and 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

    Apr 27 8:05 AM | Link | Comment!
  • Gold Is Back Above Its 200-Week Simple Moving Avg At $1437.9.

    10-Year Note - (1.713) Annual, monthly and semiannual value levels are 1.981, 2.035, 2.476 and 3.063 with daily and weekly pivots at 1.713 and 1.698, and semiannual risky level at 1.413.

    Comex Gold - ($1463.6) The 200-week SMA is $1437.9 with daily, weekly, annual, semiannual, monthly, quarterly and annual risky levels at $1471.7, $1490.8, $1599.9, $1719.2, $1723.4, $1808.3 and $1852.1.

    Nymex Crude Oil - ($93.46) Daily, weekly and quarterly value levels are $91.28, $90.42 and $79.66 with monthly and annual risky levels at $98.93 and $115.23.

    The Euro - (1.3012) Weekly, semiannual and quarterly value levels are 1.2843, 1.2797 and 1.2169 with a daily pivot at 1.3049, and annual and monthly risky levels at 1.3257 and 1.3668.

    A weekly close above my semiannual pivot at 1566.9 on the S&P 500 targets 965.51 on the Russell 2000, which could lead the major averages to a re-tests of the March / April highs and to new highs going into May. My semiannual value level remains at 14,323 Dow Industrials with annual and semiannual pivots at 5925 and 5955 on Dow Transports. A weekly close below my semiannual value level at 14,323 on Dow Industrials remains my signal calling for a market top.

    Daily Dow:(14,701) Semiannual, monthly, quarterly and annual value levels are 14,323, 14,286, 13,755 and 12,696 with a daily pivot at 14,695, and weekly risky level at 15,025. Set its all time intra-day high and closing highs at 14,887.51 and 14,865.14 on April 11, 2013.

    S&P 500 - (1585.2) Quarterly and annual value levels are 1448.7 and 1348.3 with daily, monthly and semiannual pivots at 1584.0, 1565.8 and 1566.9, and weekly risky level at 1597.5 versus the all time high at 1597.35 set on April 11, 2013.

    NASDAQ - (3290) Daily, quarterly and annual value levels are 3172, 3106 and 2806 with a monthly pivot at 3289 and weekly risky level at 3302, and semiannual risky level at 3583.

    NASDAQ 100 (NDX) - (2849) Daily, quarterly and annual value levels are 2829, 2819 and 2463 with a monthly pivot at 2839 and weekly risky levels at 2854, and the September 21, 2012 high at 2878.38.

    Dow Transports - (6111) Annual and quarterly value levels are 5469 and 5324 with annual, monthly and semiannual pivots at 5925, 5960 and 5955, and daily and weekly risky levels at 6183 and 6297. The all time intra-day high is 6291.65 on March 19, 2013 and an all time closing high at 6281.24 on March 14, 2013.

    Russell 2000 - (940.28) Annual and quarterly value levels are 860.25, 809.54 / 807.82 with a daily pivot at 937.90, and weekly, monthly and annual risky levels at 950.22, 958.79 / 965.51, and all time high at 954.00.

    The SOX- (439.98) Daily, weekly, monthly, quarterly and annual value levels are 432.34, 430.08, 419.96. My semiannual risky level is 520.17 with the July 2007 high at 549.39.

    Dow Utilities:(532.11Quarterly and semiannual value levels are 524.16 and 474.63 with weekly, daily and annual risky levels at 536.52, 538.01 and 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

    Apr 25 6:44 PM | Link | Comment!
  • Negative Divergences Persist On Transports And Russell 2000.

    10-Year Note - (1.698) Annual, monthly and semiannual value levels are 1.981, 2.035, 2.476 and 3.063 with daily and weekly pivots at 1.680 and 1.698, and semiannual risky level at 1.413.

    Comex Gold - ($1429.7) My daily value level is $1310.0 with weekly, annual, semiannual, monthly, quarterly and annual risky levels at $1490.8, $1599.9, $1719.2, $1723.4, $1808.3 and $1852.1.

    Nymex Crude Oil - ($91.67) Daily and quarterly value levels are $87.13 and $79.66 with a weekly pivot at $90.43, and monthly and annual risky levels at $98.93 and $115.23.

    The Euro - (1.3012) Weekly, semiannual and quarterly value levels are 1.2843, 1.2797 and 1.2169 with a daily pivot at 1.2994, and annual and monthly risky levels at 1.3257 and 1.3668.

    The 12x3x3 weekly slow stochastic readings for Dow Transports and Russell 2000 are projected to decline below the overbought 80.00 Threshold.

    Daily Dow:(14,676) Daily, semiannual, monthly, quarterly and annual value levels are 14,401, 14,323, 14,286, 13,755 and 12,696 with a weekly risky level at 15,025. Set its all time intra-day high and closing highs at 14,887.51 and 14,865.14 on April 11, 2013.

    S&P 500 - (1578.8) Daily, quarterly and annual value levels are 1538.9, 1448.7 and 1348.3 with monthly and semiannual pivots at 1565.8 and 1566.9, and weekly risky level at 1597.5 vs the all time high at 1597.35.

    NASDAQ - (3270) Daily, quarterly and annual value levels are 3172, 3106 and 2806 with weekly and monthly risky levels at 3302 and 3289, and semiannual risky level at 3583.

    NASDAQ 100 (NDX) - (2834) Daily and annual value levels are 2756 and 2463 with weekly, monthly and quarterly risky levels at 2854, 2839 and 2819, and the September 21, 2012 high at 2878.38.

    Dow Transports - (6106) Daily, annual and quarterly value levels are 5903, 5469 and 5324 with annual, monthly and semiannual pivots at 5925, 5960 and 5955, and weekly risky level at 6297. The all time intra-day high is 6291.65 on March 19, 2013 and an all time closing high at 6281.24 on March 14, 2013.

    Russell 2000 - (934.11) Daily, annual and quarterly value levels are 893.53, 860.25, 809.54 and 807.82 with weekly, monthly and annual risky levels at 950.22, 958.79 and 965.51. Set a new all time intra-day high at 954.00 on March 15, 2013.

    The SOX- (435.65) Daily, quarterly and annual value levels are 416.57, 357.61 and 338.03 with a monthly pivot at 419.96, and a weekly pivot at 430.08. My semiannual risky level is 520.17.

    Dow Utilities:(531.74) Daily, quarterly and semiannual value levels are 527.40, 524.16 and 474.63 with weekly and annual risky levels at 536.52 and 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

    Apr 24 5:22 PM | Link | Comment!
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