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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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  • The Dow Industrials & S&P 500 Closed Below Their Monthly Pivots. 0 comments
    Nov 3, 2012 7:24 AM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.716) Weekly, semiannual, quarterly and annual value levels are 1.803, 1.853, 2.109 and 2.502 with a daily pivot at 1.733, and monthly and semiannual risky levels at 1.452 and 1.389.

    Comex Gold - ($1678.1) Semiannual, monthly and annual value levels are $1643.3, $1639.8 and $1575.8 with daily and semiannual pivots at $1689.5 and $1702.5, and weekly and quarterly risky levels at $1739.7 and $1881.4.

    Nymex Crude Oil - ($84.90) Daily, monthly and semiannual value levels are $82.31, $76.96 and $76.71 with a weekly pivot at $84.04, and annual and quarterly risky levels at $103.58 and $107.63.

    The Euro - (1.2830) My monthly value level is 1.2289 with daily and semiannual pivots at 1.2853 and 1.2917, and quarterly, weekly and annual risky levels at 1.3048, 1.3091 and 1.4239.

    Dow Transports remains the only major equity average that does not have a negative weekly chart profile. This week's key levels are; monthly pivot / weekly risky level at 13,143 / 13,401 Dow Industrials, monthly pivot / weekly risky level at 1418.7 / 1435.3 S&P 500, weekly and monthly pivots at 3001 / 3028 NASDAQ, monthly and weekly value levels at 5053 / 5031 Dow Transports, and monthly pivot / weekly and annual risky levels at 807.15 / 812.45 / 836.15 Russell 2000. Annual value levels are 12,312 Dow Industrials, 1363.2 S&P 500, and 2698 NASDAQ.

    Daily Dow:(13,093) Daily, annual and semiannual value levels are 12,935, 12,312 and 10,738 with a monthly pivot at 13,143, and weekly, annual and quarterly risky levels at 13,401, 14,032 and 14,192.

    S&P 500 - (1414.2) Daily, annual and semiannual value levels are 1399.9, 1363.2 and 1059.7 with a monthly pivot at 1418.7, and weekly, quarterly and annual risky levels at 1435.3, 1513.3 and 1562.9.

    NASDAQ - (2982) Annual and semiannual value levels are 2698 and 2527 with daily, weekly and monthly pivots at 2978, 3001 and 3028, and annual and quarterly risky levels at 3232 and 3295.

    Dow Transports - (5110) Semiannual value levels are 4449 and 4129 with daily, monthly and weekly pivots at 5081, 5031 and 5053, and quarterly and annual risky levels at 5541 and 5861.

    Russell 2000 - (814.37) Monthly and semiannual value levels are 807.15 and 686.25 with a daily pivot at 813.61, and weekly and annual risky levels at 821.45 and 836.15.

    The SOX- (372.31) Weekly, monthly and semiannual value levels are 356.73, 354.06 and 326.30 with a daily pivot at 371.96, and quarterly risky level at 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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