Richard Suttmeier's  Instablog

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
My company:
Global Market Consultants
My blog:
valuengine.com/ve/ma...
  • Transports A Key To Watch After FOMC Decision. 0 comments
    Sep 11, 2012 6:04 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.694) Weekly, semiannual and quarterly value levels are 1.756, 1.853 and 1.869 with daily, monthly and semiannual risky levels at 1.626, 1.620 and 1.389.

    Comex Gold - ($1734.6) Semiannual, and annual value levels are $1702.5, $1643.3 and $1575.8 with monthly, daily and quarterly risky levels at $1753.7, $1760.1 and $1805.8.

    Nymex Crude Oil - ($96.97) My monthly value level is $93.30 with a daily pivot at $96.82, and weekly, annual and quarterly risky levels at $101.21, $103.58 and $107.63.

    The Euro - (1.2856) My weekly value level is 1.2684 with daily and monthly pivots at 1.2839 and 1.2714, and semiannual risky level at 1.2917.

    The Dow Industrial Average has had new 2012 closing highs on 9/6, 9/17 and again Tuesday at 13,323.36 with a new intra-day 2012 high at 13,354.34. To confirm a "Dow Theory Buy Signal" Dow Transports must close above its March 19th closing high for 2012 at 5360.04. Dow Transports will be upgraded to neutral with a weekly close above its five-week MMA at 5,094. This week's value levels are 4989 Dow Transports and 821.96 Russell 2000 with weekly risky levels at 13,521 Dow Industrials, 1455.9 S&P 500 and 3171 NASDAQ. My monthly risky levels are 13,666 Dow Industrials, 1486.7 S&P 500, 3232 A NASDAQ, 5279 Dow Transports and 864.06 Russell 2000. My annual pivot is 836.15 Russell 2000. Annual and semiannual value levels are 12,312 Dow Transports, 1363.2 S&P 500, 2698 NASDAQ, 4449 Dow Transports and 686.25 on Russell 2000.

    Daily Dow:(13,323) Daily, annual and semiannual value levels are 13,265, 12,312 and 10,738 with weekly, monthly and annual risky levels at 13,521, 13,666 and 14,032.

    S&P 500 - (1433.6) Daily and annual value levels are 1429.7 and 1363.2 with weekly and monthly risky levels at 1455.9 and 1486.7.

    NASDAQ - (3105) Annual and semiannual value levels are 2698 and 2527 with a daily pivot at 3107, and weekly, annual, monthly and quarterly risky levels at 3171, 3232, 3340 and 3348.

    Dow Transports - (5134) Daily, weekly and semiannual value levels are 5048, 4989, 4449 and 4129 with my monthly risky level at 5279. The all time high is 5627.85 set on July 7, 2011.

    Russell 2000 - (841.91) Annual, weekly and semiannual value levels are 836.15, 821.96 and 686.25 with a daily pivot at 841.66, and my monthly risky level at 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

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