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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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  • Close, but no new Dow Theory Buy Signal! 2 comments
    Dec 14, 2010 5:58 AM | about stocks: TLT, GLD, DUG, DIA
    The yield on the 10-Year note tested 3.395 on Monday with my semiannual value level at 3.479. Comex Gold is between this week’s value level at $1377.4 and my monthly risky level at $1443.5. Nymex Crude oil should continue to trade around my weekly pivot at $88.76 this week. The euro moved above my quarterly pivot at 1.3318 on Monday. The Dow Industrial Average needs to close above 11,444.08 to confirm another Dow Theory Buy Signal, and a close above this week’s pivot at 11,467 signals a year end MOJO run. This week’s risky levels / pivots are 1242.9 SPX, 2643 NASDAQ, 5141 Transports, 770.13 Russell 2000, and 428.02 Sox.
    10-Year Note – (3.288) Daily and semiannual value levels are 3.362 and 3.479 with a weekly pivot at 3.176, and annual pivots at 2.999 and 2.813, and quarterly, semiannual and monthly risky levels at 2.265, 2.249 and 1.949.
    Courtesy of Thomson / Reuters
    Comex Gold – ($1394.6) Weekly, Quarterly, semiannual and annual value levels are $1377.4, $1306.4, $1260.8, $1218.7 and $1115.2 with a daily pivot at $1404.8, and monthly risky level at $1443.5.
    Courtesy of Thomson / Reuters
    Nymex Crude Oil ($88.27) Semiannual, annual and monthly value levels are $83.94, $77.05 and $75.50 with a weekly pivot at $88.76, and daily, semiannual and annual risky levels at $90.05, $96.53 and $97.29.  
    Courtesy of Thomson / Reuters
    The Euro – (1.3389) Weekly and monthly value levels are 1.3227 and 1.2500 with my quarterly pivot at 1.3318, and daily and semiannual risky levels at 1.3466 and 1.4733.
    Courtesy of Thomson / Reuters
    Daily Dow: (11,429) Semiannual, annual, monthly and quarterly value levels are 10,558, 10,379, 10,325 and 8,523 with annual and semiannual pivots at 11,235 and 11,296, and weekly and daily risky levels at 11,467 and 11,517. The Dow Industrial Average needs a close above 11,444.08 to confirm another Dow Theory Buy Signal. If not the Dow risks a double-top below 11,500 instead.
    Courtesy of Thomson / Reuters
    That’s today’s Four in Four. Have a great day.
    Richard Suttmeier
    Chief Market Strategist, (800) 381-5576
    Send your comments and questions to For more information on our products and services visit
    As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website I have daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go HERE to review sample issues and find out more about my research.
    “I Hold No Positions in the Stocks I Cover.”

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Stocks: TLT, GLD, DUG, DIA
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Comments (2)
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  • rayt8r
    , contributor
    Comment (1) | Send Message
    In March 2009 and again in September 2009, you predicted that the DOW would hit 8500 before seeing 11,500 again. Today you were proven unequivocally wrong. Where is the acknowledgement that those who might have followed your advice lost a ton of money?
    14 Dec 2010, 02:01 PM Reply Like
  • Richard Suttmeier
    , contributor
    Comments (175) | Send Message
    Author’s reply » I moved away from the Dow 8,500 before 11,500 a while ago, when I predicted Dow 11,235 by Election Day. Subscribers to my ValuTrader Model Portfolio are up 33.9% so far in 2010.
    15 Dec 2010, 04:02 AM Reply Like
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