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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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  • 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
    ValuEngine.com, (800) 381-5576
     
    Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our products and services visit www.ValuEngine.com
     
    As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. 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.
    Themes: US Capital Markets Stocks: TLT, GLD, DUG, DIA
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  •  
    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
  •  
    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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The Dow Industrial Average is below weekly and quarterly pivots at 12, 000, 000 Predictions, 003 Dow Industrials, 033 shifts the weekly chart to negative with my quarterly pivot at 12, 104 and 802.51 with weekly risky levels at 1406.6 SPX, 104 and the Russell 2000 closed above its weekly pivot at 802.51. Weekly risky levels remain at 1406.6 SPX, 104 Dow Industrials, 1375.7 SPX, 1376.3 SPX, 1376.4 SPX, 1397.0 S P 500, 1406.6 SPX, 200-day SMA, 2011, 210 and May’s risky level at 13, 210. , 2999 NASDAQ, 3002 NASDAQ, 3041 NASDAQ, 3097 NASDAQ, 3097 NASDAQ and 5326 Dow Transports., 3097 NASDAQ and 5326 Dow Transports. , 312. A weekly close below my annual pivot at 1363.2 is negative. , 312. The S P 500 is below my annual pivot at 1363.2 with my quarterly pivot at 1337.7., 338.66 shy of May’s risky level at 13, 354 Dow Industrials, 354 with this week’s pivot at 13, 354., 354. The S P 500 is between my monthly pivot at 1397.0 and weekly risky level at 1415.8. , 491, 491 and S P 500 1210.7, 5000 stocks in SPX, 507, 5228 Dow Transports and 812.71 Russell 2000. , 5229 Dow Transports and 811.00 Russell 2000. This keeps the Bull versus Bear Debate alive and kicking. , 5232 Dow Transports, 5326 Dow Transports and 802.51. , 5385 Dow Transports and 813.56 Russell 2000. , 692 and 12, 775 for the Dow Industrial Average, 794 and 12, 794 and annual value level at 12, 794 and my monthly risky level at 13, 794 with my annual value level at 1, 798 with my annual value level at 12, 944 Indicates Risk To 11, 964 Dow Industrials, 977, 978 Dow Industrials,
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