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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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  • Weekly Pivots On NASDAQ And Transports Keep Stocks Stable.  0 comments
    Sep 4, 2012 5:52 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.581) 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 1.552 and 1.389.

    Comex Gold - ($1698.2) Semiannual, and annual value levels are $1643.3 and $1575.8 with weekly and daily pivots at $1683.3 and $1696.6, and semiannual and quarterly risky levels at $1702.5 and $1805.8.

    Nymex Crude Oil - ($95.48) Daily and monthly value levels are $94.00 and $93.30 with weekly, annual and quarterly risky levels at $102.06, $103.58 and $107.63. The 200-day simple moving average is $96.65.

    The Euro - (1.2563) My weekly value level is 1.2460 with a daily pivot at 1.2565 and monthly and semiannual risky levels at 1.2714 and 1.2917.

    The Russell 2000 stayed above its weekly value level at 799.93. Weekly pivots at 3076 on NASDAQ and 4994 on Dow Transports were magnets after weakness well below those levels on Tuesday. Weekly risky levels remain at 13,360 Dow Industrials and 1433.0 S&P 500. The major equity averages straddle their five-week modified moving averages at 13,047 Dow Industrials, 1391.2 S&P 500, 3007 NASDAQ, 5101 Dow Transports and 802.46 Russell 2000. 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:(13,036) Annual and semiannual value levels are 12,312 and 10,738 with a daily pivot at 12,986, and weekly, monthly and annual risky levels at 13,360, 13,666 and 14,032 and 14,493.

    S&P 500 - (1404.9) My annual value level is 1363.2 with a daily pivot at 1399.7, and weekly and monthly risky levels at 1433.0 and 1486.7.

    NASDAQ - (3075) Annual and semiannual value levels are 2698 and 2527 with daily and weekly pivots at 3064 and 3076, and annual, monthly and quarterly risky levels at 3232, 3340 and 3348.

    Dow Transports - (5008) Daily and semiannual value levels are 4929, 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 - (822.14) Daily, weekly and semiannual value levels are 814.70, 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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