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Richard Suttmeier
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I am the Founder & CEO at Global Market Consultants, Ltd. I consider myself as a Financial Engineer with an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. In 1972 I began my career in the financial services industry trading U.S. Treasury securities in the... More
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  • Dow Transports Failed At Its Weekly Pivot At 5002 On Tuesday. 0 comments
    Sep 25, 2012 5:45 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.677) Daily, weekly, quarterly and semiannual value levels are 1.793, 1.854, 1.869, 1.853 and 2.502 with monthly and semiannual risky levels at 1.620 and 1.389.

    Comex Gold - ($1763.9) Monthly, semiannual, and annual value levels are $1753.0, $1702.5, $1643.3 and $1575.8 with daily and weekly pivots at $1769.9 and $1768.3, and quarterly risky levels at $1803.8 and $1856.6.

    Nymex Crude Oil - ($91.17) My daily value level is $88.94 with my monthly pivot at $93.30, and weekly, annual and quarterly risky levels at $99.84, $103.58 and $107.63.

    The Euro - (1.2907) My monthly value level is 1.2714 with semiannual, daily and weekly pivots at 1.2917, 1.3016 and 1.3028, and annual and quarterly risky levels at 1.4239 and 1.4583.

    The Dow Transportation Average tested and failed at its weekly pivot at 5002 on Tuesday. 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:(13,458) Annual and semiannual value levels are 12,312 and 10,738 with daily, weekly monthly, annual and quarterly risky levels at 13,558, 13,566, 13,666, 14,032 and 14,493.

    S&P 500 - (1441.6) Annual and semiannual value levels are 1363.2 and 1059.7 with daily, weekly, monthly, quarterly and annual risky levels at 1452.9, 1471.1, 1486.7, 1539.8 and 1562.9.

    NASDAQ - (3118) Annual and semiannual value levels are 2698 and 2527 with daily, weekly, annual, monthly and quarterly risky levels at 3172, 3238, 3232, 3340 and 3348.

    Dow Transports - (4917) Daily and semiannual value levels are 4844, 4449 and 4129 with weekly, monthly, quarterly and annual risky levels at 5002, 5279, 5410 and 5861. The weekly level was tested on Tuesday.

    Russell 2000 - (839.12) Annual semiannual value levels are 836.15 and 686.25 with daily, weekly, monthly and quarterly risky levels at 849.14, 859.38, 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

    Stocks: TLT, GLD, XLE, DIA, QQQ, SPY
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