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Richard Suttmeier
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I am the Founder & CEO at Global Market Consultants, Ltd. I consider myself as a Financial Engineer with an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. In 1972 I began my career in the financial services industry trading U.S. Treasury securities in the... More
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Global Market Consultants
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  • Transports Held Its Weekly Pivot At 5051 On Tuesday.  0 comments
    Aug 28, 2012 5:16 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.634) Semiannual and quarterly value levels are 1.853 and 1.869 and 2.502 with daily, weekly, monthly and semiannual risky levels at 1.582, 1.561, 1.468 and 1.389. Weekly closes with the yield above the five-week modified moving average at 1.649 favors higher yields.

    Comex Gold - ($1669.6) Semiannual, weekly, annual and monthly value levels are $1643.3, $1638.1, $1575.8 and $1525.3 with daily, semiannual and quarterly risky levels at $1693.3, $1702.5 and $1805.8. The weekly chart stays positive on a weekly close above the five-week MMA at $1620.6.

    Nymex Crude Oil - ($96.16) My monthly value level is $90.40 with daily, weekly, annual and quarterly risky levels at $97.09, $98.60, $103.58 and $107.63. The weekly chart stays positive on a weekly close above the five-week modified moving average at $92.08.

    The Euro - (1.2497) Monthly and weekly value levels are 1.2237 and 1.2006 with a daily risky level at 1.2611. My semiannual risky level is 1.2917. The weekly chart stays positive on a weekly close above the five-week modified moving average at 1.2406.

    The Dow Transportation Average held my weekly pivot at 5051 on Tuesday with the five-week modified moving average at 5124. The major averages straddle weekly risky levels / pivots at 13,196 Dow Industrials, 1415.0 SPX, 3050 NASDAQ, 5051 Dow Transports, and 806.83 Russell 2000.

    Daily Dow:(13,103) Annual and semiannual value levels are 12,312 and 10,738 with a daily pivot at 13,076, and weekly, monthly and annual risky levels at 13,196, 13,625 and 14,032. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 13,035.

    S&P 500 - (1409.3) My annual value level is 1363.2 with daily and weekly pivots at 1407.9 and 1415.0, and monthly risky level at 1458.2. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 1387.3.

    NASDAQ - (3077) Annual and semiannual value levels are 2698 and 2527 with weekly and daily pivots at 3050 and 3081, and monthly and annual risky levels at 3194 and 3232. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 2992.

    Dow Transports - (5062) Weekly and semiannual value levels are 5051, 4449 and 4129 with daily, and monthly risky levels at 5094 and 5373. The weekly chart profile shifts back to positive on a weekly close above the five-week MMA at 5124. The all time high is 5627.85 set on July 7, 2011.

    Russell 2000 - (814.27) My semiannual value level is 686.25 with weekly and daily pivots at 806.83 and 813.24 and annual and monthly risky levels at 836.15 and 846.16. The weekly chart profile stays positive with a weekly close above the five-week MMA at 800.00. The all time high is 868.57 set on May 2, 2011.

    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

    Stocks: TLT, GLD, XLE, DIA, QQQ, SPY
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