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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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Global Market Consultants
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valuengine.com/ve/ma...
  • Choppy Trading Continues Due To Weekly And Monthly Levels. 0 comments
    Oct 3, 2012 5:15 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.616) 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 1.519 and 1.389.

    Comex Gold - ($1780.7) Semiannual, monthly and annual value levels are $1702.5, $1643.3, $1606.0 and $1575.8 with weekly and quarterly risky levels at $1826.3, $1844.9 and $1881.4.

    Nymex Crude Oil - ($88.02) My semiannual value level is $76.71 with daily and monthly pivots at $88.48 and $91.34, and weekly, annual and quarterly risky levels at $98.53, $103.58 and $107.63.

    The Euro - (1.2899) Daily and monthly value levels 1.2813 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.

    My monthly pivot at 13,506 has been a magnet for Dow Industrials as Dow Transports trade between its monthly and weekly levels at 4859 and 4996. Dow Industrials tested its weekly pivot at 13,590 on Monday. The Russell 2000 has been between its monthly level at 827.70 and its weekly level at 873.77 influenced by its annual pivot at 836.15. The S&P 500 and NASDAQ have stayed below monthly and weekly levels at 1468.0 / 1472.8 S&P 500 and 3210 / 3232 A / 3247 NASDAQ. The SOX tested its monthly level at 385.39 staying below its weekly level at 404.06. This pattern should continue this week and next.

    Daily Dow:(13,495) Daily, annual and semiannual value levels are 13,385, 12,312 and 10,738 with a monthly pivot at 13,506, and weekly, annual and quarterly risky levels at 13,590, 14,032 and 14,192.

    S&P 500 - (1451.0) Daily, annual and semiannual value levels are 1431.4, 1363.2 and 1059.7 with monthly, weekly, quarterly and annual risky levels at 1468.0, 1472.8, 1513.3 and 1562.9.

    NASDAQ - (3135) Daily, annual and semiannual value levels are 3071, 2698 and 2527 with monthly, annual, weekly, and quarterly risky levels at 3210, 3232, 3247 and 3295.

    Dow Transports - (4966) Monthly and semiannual value levels are 4859, 4449 and 4129 with a daily pivot at 4948, and weekly, quarterly and annual risky levels at 4996, 5541 and 5861.

    Russell 2000 - (838.86) Daily, monthly and semiannual value levels are 825.42, 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- (381.15) Daily and semiannual value levels are 369.16 and 326.30 with a monthly pivot at 385.39 and weekly and quarterly risky levels at 404.06 and 439.97.

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