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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 Drop, But Still Above Its Five-Week MMA 0 comments
    Sep 17, 2012 5:28 PM | about stocks: TLT, GLD, DIA, QQQ, SPY

    10-Year Note - (1.836) Daily and weekly value levels are 1.912 and 1.929 with semiannual and quarterly pivots at 1.853 and 1.869 and monthly and semiannual risky levels at 1.620 and 1.389.

    Comex Gold - ($1761.6) Monthly, semiannual, and annual value levels are $1753.0, $1702.5, $1643.3 and $1575.8 with a weekly pivot at $1775.0, and daily and quarterly risky levels at $1794.2 and $1805.8.

    Nymex Crude Oil - ($96.13) My monthly value level is $93.30 with daily and weekly pivots at $97.93 and $99.12, and annual and quarterly risky levels at $103.58, $107.63 and $117.00.

    The Euro - (1.3109) Semiannual and monthly value levels are 1.2917 and 1.2714 with a weekly pivot at 1.3051, and daily, annual and quarterly risky levels at 1.3245, 1.4239 and 1.4583.

    The weekly charts for all five major equity averages are positive with overbought momentum on Dow Industrials, S&P500, NASDAQ and Russell 2000. The five-week modified moving averages are 13,194 Dow Industrials, 1413.1 S&P 500, 3062 NASDAQ, 5118 Dow Transports and 820.92 Russell 2000. Weekly pivots are 5173 Transports and 852.64 Russell 2000 with weekly risky levels at 13,710 Dow Industrials, 1479.2 S&P 500 and 3222 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, which was tested on Friday. 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:(13,553) Annual and semiannual value levels are 12,312 and 10,738 with monthly, weekly, daily, annual and quarterly risky levels at 13,666, 13,710, 13,786, 14,032 and 14,493.

    S&P 500 - (1461.2) Annual and semiannual value levels are 1363.2 and 1059.7 with weekly, daily, monthly, quarterly and annual risky levels at 1479.2, 1489.3, 1486.7, 1539.8 and 1562.9.

    NASDAQ - (3179) Annual and semiannual value levels are 2698 and 2527 with daily, weekly, annual, monthly and quarterly risky levels at 3218, 3222, 3232, 3340 and 3348.

    Dow Transports - (5140) Semiannual value levels are 4449 and 4129 with a weekly pivot at 5173, and monthly, daily, quarterly and annual risky levels at 5279, 5321, 5410 and 5861.

    Russell 2000 - (858.90) Annual semiannual value levels are 836.15 and 686.25 with weekly and monthly pivots at 852.64 and 864.06, and daily, quarterly and annual risky levels at 877.61, 933.42 and 969.09. The all time high is 868.57 set on May 2, 2011 was tested on Friday.

    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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