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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 Are Negative, Other Averages Are Not. 0 comments
    Sep 1, 2012 12:06 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.559) Semiannual and quarterly value levels are 1.853 and 1.869 with weekly and monthly pivots at 1.645 and 1.620, and daily and semiannual risky levels at 1.479 and 1.389.

    Comex Gold - ($1693.8) Semiannual, and annual value levels are $1643.3 and $1575.8 with a weekly pivot at $1683.3, and semiannual, daily and quarterly risky levels at $1702.5, $1703.3 and $1805.8.

    Nymex Crude Oil - ($96.38) Daily and monthly value levels are $95.51 and $93.30 with weekly, annual and quarterly risky levels at $102.06, $103.58 and $107.63.

    The Euro - (1.2580) My weekly value level is 1.2460 with a daily pivot at 1.2614 and monthly and semiannual risky levels at 1.2714 and 1.2917.

    The weekly charts for four of the five major equity averages are positive with the five-week modified moving averages at 13,047 Dow Industrials, 1391.2 S&P 500, 3007 NASDAQ and 802.46 Russell 2000. Dow Transports closed below its five-week MMA at 5,101 making this weekly chart negative. This week's value level is 799.93 on Russell 2000. This week's risky levels are 13,360 Dow Industrials and 1415.0 S&P 500. This week's pivots are 3076 NASDAQ and 4994 Dow Transports. New monthly risky levels are 13,666 Dow Industrials, 1486.7 S&P 500 and 5279 Dow Transports. Annual risky levels are 3232 NASDAQ and 836.15 Russell 2000. Annual and semiannual value levels are 12,312 and 10,738 Dow Transports, 1363.2 and 1059.7 S&P 500, 2698 and 2527 NASDAQ, 4449 and 4129 Dow Transports and 686.25 on Russell 2000.

    Daily Dow:(13,091) Daily, annual and semiannual value levels are 12,998, 12,312 and 10,738 with weekly, monthly, annual and quarterly risky levels at 13,360, 13,666, 14,032 and 14,493.

    S&P 500 - (1406.6) Daily and annual value levels are 1402.3 and 1363.2 with weekly and monthly risky levels at 1433.0 and 1486.7.

    NASDAQ - (3067) Annual and semiannual value levels are 2698 and 2527 with daily and weekly pivots at 3069 and 3076, and annual, monthly and quarterly risky levels at 3232, 3340 and 3348.

    Dow Transports - (5007) Daily and semiannual value levels are 4938, 4449 and 4129 with a weekly pivot at 4994, and my monthly risky level at 5279. The all time high is 5627.85 set on July 7, 2011.

    Russell 2000 - (812.09) Daily and semiannual value levels are 807.54, 799.93 and 686.25 with annual and monthly risky levels at 836.15 and 864.06. 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

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