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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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  • QE Fatigue Spreads From Transports To Semiconductors. 0 comments
    Sep 29, 2012 12:14 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.632) Weekly, semiannual, quarterly and annual value levels are 1.823, 1.853, 2.109 and 2.502 with a monthly pivot at 1.681, and daily and semiannual risky levels at 1.576 and 1.389.

    Comex Gold - ($1774.5) Semiannual and monthly value levels are $1702.5, $1643.3 and $1606.0 with a daily pivot at $1768.3, and weekly and quarterly risky levels at $1826.3, $1844.9 and $1881.4.

    Nymex Crude Oil - ($92.03) My daily value level is $88.03 with my monthly pivot at $91.34, and weekly, annual and quarterly risky levels at $98.53, $103.58 and $107.63.

    The Euro - (1.2849) Daily and monthly value levels 1.2805 and 1.2589 with a semiannual pivot at 1.2917, and weekly, quarterly and annual risky levels at 1.3024, 1.3048 and 1.4239.

    Dow Transports has a negative weekly chart closing below its five-week modified moving average at 5038, and is down 2.5% year-to-date. All four of the other major averages are positive but overbought with closes above their five-week MMAs at 13,299 Dow Industrials, 1425.6 S&P 500, 3090 NASDAQ and 829.42 Russell 2000. QE Fatigue spread to the SOX, which is now negative on its weekly chart with the five-week MMA at 392.72. New monthly and weekly pivots are 13,506 / 13,590 Dow Industrials, 1468.0 / 1472.8 S&P 500, 3210 / 3232 A / 3247 NASDAQ, 4859 / 4996 Dow Transports and 827.70 / 836.15 A / 873.77 Russell 2000.

    Daily Dow:(13,437) Annual and semiannual value levels are 12,312 and 10,738 with a daily pivot at 13,445, and monthly, weekly, annual and quarterly risky levels at 13,506, 13,590, 14,032 and 14,192.

    S&P 500 - (1440.7) Annual and semiannual value levels are 1363.2 and 1059.7 with a daily pivot at 1438.9, and monthly, weekly, quarterly and annual risky levels at 1468.0, 1472.8, 1513.3 and 1562.9.

    NASDAQ - (3116) Annual and semiannual value levels are 2698 and 2527 with a daily pivot at 3107, and monthly, annual, weekly, and quarterly risky levels at 3210, 3232, 3247 and 3295.

    Dow Transports - (4893) Monthly and daily and semiannual value levels are 4859, 4804, 4449 and 4129 with weekly, quarterly and annual risky levels at 4996, 5541 and 5861.

    Russell 2000 - (837.45) Daily, monthly and semiannual value levels are 833.37, 827.70 and 686.25, my annual pivot at 836.15, and weekly, quarterly and annual risky levels at 873.77, 911.28 and 969.09.

    The SOX- (382.27) Daily and semiannual value levels are 373.36 and 326.30 with a monthly pivot at 385.39 and weekly and quarterly risky levels at 404.06 and 439.97.

    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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