Seeking Alpha

Richard Suttmeier's  Instablog

Richard Suttmeier
Send Message
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
My company:
ValuEngine
My blog:
valuengine.com/ve/ma...
  • The NASDAQ Is The First Major Average To Test Its 50-Day SMA. 0 comments
    Oct 9, 2012 6:50 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.722) Weekly, semiannual, quarterly and annual value levels are 1.779, 1.853, 2.109 and 2.502 with daily and monthly pivots at 1.706 and 1.681, and semiannual risky level at 1.389.

    Comex Gold - ($1765.6) Semiannual, monthly and annual value levels are $1702.5, $1643.3, $1606.0 and $1575.8 with a daily pivot at 1775.0, and weekly and quarterly risky levels at $1848.5, $1844.9 and $1881.4. Set a new 2012 high at $1798.1 on Friday.

    Nymex Crude Oil - ($92.28) My semiannual value level is $76.71 with daily and monthly pivots at $90.06 and $91.34, and weekly, annual and quarterly risky levels are $95.29, $103.58 and $107.63.

    The Euro - (1.2877) My monthly value level is 1.2589 with daily and semiannual pivots at 1.2939 and 1.2917, and quarterly, weekly and annual risky levels at 1.3048, 1.3316 and 1.4239.

    The major equity averages straddle 50-day simple moving averages at; 13,297 Dow Industrials, 1425 SPX, 3083 NASDAQ, 5055 Dow Transports, 824.05 Russell 2000 and 393.85 SOX. The major equity averages also straddle monthly and weekly value levels, pivots and risky levels at; 13,506 / 13,606 Dow Industrials, 1468.0 / 1474.6 S&P 500, 3210 / 3224 NASDAQ, 4859 / 5049 Dow Transports and 827.70 / 871.10 Russell 2000. If Industrials end the week below 13,506 the risk is to my annual value levels at 1363.2 S&P 500, then 12,312 Dow Industrials and 2698 NASDAQ. The Russell 2000 is below its annual pivot at 836.15.

    Daily Dow:(13,474) Annual and semiannual value levels are 12,312 and 10,738 with a monthly pivot at 13,506, and daily, weekly, annual and quarterly risky levels at 13,546, 13,606, 14,032 and 14,192. The QE3 high is 13,661.87 on October 5.

    S&P 500 - (1441.5) Annual and semiannual value levels are 1363.2 and 1059.7 with daily, monthly, weekly, quarterly and annual risky levels at 1451.3, 1468.0, 1474.5, 1513.3 and 1562.9. The QE3 high is 1474.51 on September 14.

    NASDAQ - (3065) Annual and semiannual value levels are 2698 and 2527 with daily, monthly, weekly, annual and quarterly risky levels at 3089, 3210, 3224, 3232 and 3295. The QE3 high is 3196.93 on September 21.

    Dow Transports - (5000) Monthly and semiannual value levels are 4859 and 4449 with daily / weekly pivots at 5010 and 5049, and quarterly and annual risky levels at 5541 and 5861. The QE3 high is 5231.15 on Sept 14.

    Russell 2000 - (827.92) Monthly and semiannual value levels are 827.70 and 686.25 with my annual pivot at 836.15 and daily, weekly, quarterly and annual risky levels at 831.77, 871.10, 911.28 and 969.09. The QE3 high is 868.50 on September 14.

    The SOX- (373.11) Semiannual value level is 326.30 with daily, weekly and monthly pivots at 374.49, 383.39 and 385.39, and quarterly risky level at 439.97. The QE3 high is 410.82 on September 14.

    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

Back To Richard Suttmeier's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.