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Richard Suttmeier
Send Message 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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  • After FOMC, Focus On Gold, Oil And Transports. 0 comments
    Sep 12, 2012 6:55 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.759) Semiannual and quarterly value levels are 1.853 and 1.869 with a weekly pivot at 1.756, and daily, monthly and semiannual risky levels at 1.697, 1.620 and 1.389.

    Comex Gold - ($1734.7) Semiannual, and annual value levels are $1702.5, $1643.3 and $1575.8 with monthly, daily and quarterly risky levels at $1753.7, $1777.7 and $1805.8.

    Nymex Crude Oil - ($96.79) My monthly value level is $93.30 with a daily pivot at $97.55, and weekly, annual and quarterly risky levels at $101.21, $103.58 and $107.63.

    The Euro - (1.2892) Monthly and weekly value levels is 1.2714 and 1.2684 with semiannual and daily risky levels at 1.2917 and 1.2955.

    The Dow Industrial Average had another new 2012 closing high at 13,333.35 on Wednesday with a new intra-day high at 13,373.62. 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:(13,333) Annual and semiannual value levels are 12,312 and 10,738 with daily, weekly, monthly and annual risky levels at 13,448, 13,521, 13,666 and 14,032.

    S&P 500 - (1436.6) My annual value level is 1363.2 with daily, weekly and monthly risky levels at 1449.6, 1455.9 and 1486.7.

    NASDAQ - (3114) Annual and semiannual value levels are 2698 and 2527 with daily, weekly, annual, monthly and quarterly risky levels at 3156, 3171, 3232, 3340 and 3348.

    Dow Transports - (5174) Daily, weekly and semiannual value levels are 5155, 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 - (845.11) Annual, weekly and semiannual value levels are 836.15, 821.96 and 686.25 with daily and monthly risky levels at 859.61 and 864.06. 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:

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