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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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  • Stocks May Soon Suffer From QE Fatigue. 0 comments
    Sep 19, 2012 6:09 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.779) Daily and weekly value levels are 1.876 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 - ($1773.1) Monthly, semiannual, and annual value levels are $1753.0, $1702.5, $1643.3 and $1575.8 with daily and weekly pivots are $1776.1 and $1775.0, and quarterly risky levels at $1803.8 and $1856.6.

    Nymex Crude Oil - ($91.66) My semiannual value level lags at $76.71 with a monthly pivot at $93.30, and daily, weekly, annual and quarterly risky levels at $95.22, $99.12, $103.58, $107.63 and $117.00.

    The Euro - (1.3052) 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 1.3162, 1.4239 and 1.4583.

    After the close on Wednesday, Norfolk Southern (NYSE:NSC) issued an earnings warning caused by lower coal and merchandise rail shipments, and this increases the odds that Dow Transports will end the week below its five-week modified moving average at 5118. This followed the earlier FedEx (NYSE:FDX) warning and both are clear signs that the economy is slowing, and are early symptoms of QE Fatigue! The key five-week MMAS are 13,194 Dow Industrials, 1413.1 S&P 500, 3062 NASDAQ 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. My annual pivot is 836.15 Russell 2000.

    Daily Dow:(13,578) Annual and semiannual value levels are 12,312 and 10,738 with daily, monthly, weekly, annual and quarterly risky levels at 13,653, 13,666, 13,710, 14,032 and 14,493.

    S&P 500 - (1461.1) Annual and semiannual value levels are 1363.2 and 1059.7 with daily, weekly, monthly, quarterly and annual risky levels at 1466.0, 1479.2, 1486.7, 1539.8 and 1562.9.

    NASDAQ - (3183) Daily, annual and semiannual value levels are 3171, 2698 and 2527 with weekly, annual, monthly and quarterly risky levels at 3222, 3232, 3340 and 3348.

    Dow Transports - (5103) Semiannual value levels are 4449 and 4129 with a weekly pivot at 5173, and daily, monthly, quarterly and annual risky levels at 5206, 5279, 5410 and 5861.

    Russell 2000 - (856.05) Annual semiannual value levels are 836.15 and 686.25 with a weekly pivot at 852.64, and daily, monthly and quarterly risky levels at 863.30, 864.06 and 877.61.

    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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