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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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  • Crude Oil Becomes Negative With A Close This Week Below $94.26. 0 comments
    Sep 24, 2012 5:05 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.720) Daily, weekly, quarterly and semiannual value levels are 1.796, 1.854, 1.869, 1.853 and 2.502 with monthly and semiannual risky levels at 1.620 and 1.389.

    Comex Gold - ($1767.4) Monthly, semiannual, and annual value levels are $1753.0, $1702.5, $1643.3 and $1575.8 with my weekly pivot at $1768.3, and daily and quarterly risky levels at $1805.1, $1803.8 and $1856.6.

    Nymex Crude Oil - ($92.01) My semiannual value level lags at $76.71 with daily and monthly pivots at $91.97 and $93.30, and weekly, annual and quarterly risky levels at $99.84, $103.58 and $107.63.

    The Euro - (1.2927) My monthly value level is 1.2714 with Semiannual and weekly pivots at 1.2917 and 1.3028, and daily, annual and quarterly risky levels at 1.3134, 1.4239 and 1.4583.

    Stability in the equities markets benefited from my weekly pivot at 13,566 on the Dow Industrial Average. The Dow Transportation Average stays negative on its weekly chart profile with a weekly close below its five-week modified moving average at 5075. All four of the other major averages are positive but overbought with weekly closes above their five-week MMAs at 13,268 Dow Industrials, 1422.2 S&P 500, 3085 NASDAQ and 827.66 Russell 2000. This week's pivots / risky levels are 13,566 Dow Industrials, 1471.1 S&P 500, 3238 NASDAQ, 5002 Dow Transports and 859.38 on the Russell 2000.

    Daily Dow:(13,559) Annual and semiannual value levels are 12,312 and 10,738 with a weekly pivot at 13,566, and monthly, daily, annual and quarterly risky levels at 13,666, 13,805, 14,032 and 14,493.

    S&P 500 - (1456.9) Annual and semiannual value levels are 1363.2 and 1059.7 with weekly, daily, monthly, quarterly and annual risky levels at 1471.1, 1483.8, 1486.7, 1539.8 and 1562.9.

    NASDAQ - (3161) Annual and semiannual value levels are 2698 and 2527 with daily, weekly, annual, monthly and quarterly risky levels at 3232, 3238, 3232, 3340 and 3348.

    Dow Transports - (4961) Semiannual value levels are 4449 and 4129 with a daily pivot at 4946, and weekly, monthly, quarterly and annual risky levels at 5002, 5279, 5410 and 5861.

    Russell 2000 - (851.76) Annual semiannual value levels are 836.15 and 686.25 with a weekly pivot at 859.38, and daily, monthly and quarterly risky levels at 866.73, 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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