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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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  • The Weekly Chart For Dow Transports Will Likely Be Negative Again. 0 comments
    Sep 20, 2012 6:06 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.770) Daily and weekly value levels are 1.886 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 - ($1770.7) Monthly, semiannual, and annual value levels are $1753.0, $1702.5, $1643.3 and $1575.8 with my weekly pivot at $1775.0, and daily and quarterly risky levels at $1796.3, $1803.8 and $1856.6.

    Nymex Crude Oil - ($91.87) My semiannual value level lags at $76.71 with a monthly pivot at $93.30, and daily, weekly, annual and quarterly risky levels at $94.39, $99.12, $103.58, $107.63 and $117.00.

    The Euro - (1.2966) 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 1.3244, 1.4239 and 1.4583. The weekly chart stays positive on a weekly close above the five-week modified moving average at 1.2633.

    The Dow Transportation Average shifts back to negative with a weekly close below its five-week modified moving average at 5118. The other key five-week MMAS are 13,194 Dow Industrials, 1413.1 S&P 500, 3062 NASDAQ and 820.92 Russell 2000. 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. My nearest value levels are 12,312 A Dow Industrials, 1363.2 A S&P 500, 2698 A NASDAQ, 4449 S Dow Transports and 836.15 A Russell 2000.

    Daily Dow:(13,597) 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 - (1460.3) Annual and semiannual value levels are 1363.2 and 1059.7 with daily, weekly, monthly, quarterly and annual risky levels at 1481.6, 1479.2, 1486.7, 1539.8 and 1562.9.

    NASDAQ - (3176) 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 - (4962) Semiannual value levels are 4449 and 4129 with daily, weekly, monthly, quarterly and annual risky levels at 5118, 5171, 5279, 5410 and 5861.

    Russell 2000 - (851.51) 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 867.97, 864.06 and 877.61.

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