Richard Suttmeier's  Instablog

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...
  • The NASDAQ Still Lags Its Monthly Risky Level At 3028. 0 comments
    Nov 6, 2012 5:47 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.747) Weekly, semiannual, quarterly and annual value levels are 1.803, 1.853, 2.109 and 2.502 with a daily pivot at 1.723, and monthly and semiannual risky levels at 1.452 and 1.389.

    Comex Gold - ($1716.4) Semiannual, monthly and annual value levels are $1643.3, $1639.8 and $1575.8 with daily and semiannual pivots at $1705.3 and $1702.5, and weekly and quarterly risky levels at $1739.7 and $1881.4.

    Nymex Crude Oil - ($88.37) Daily, weekly, monthly and semiannual value levels are $86.47, $84.04, $76.96 and $76.71 with annual and quarterly risky levels at $103.58 and $107.63.

    The Euro - (1.2815) My monthly value level is 1.2289 with daily and semiannual pivots at 1.2793 and 1.2917, and quarterly, weekly and annual risky levels at 1.3048, 1.3091 and 1.4239.

    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 pivot / monthly risky level at 3001 / 3028 NASDAQ, monthly and weekly value levels at 5053 / 5031 Dow Transports, and monthly pivot and weekly pivots and annual risky level 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. Weekly closes above or below five-week modified moving averages are key; 13,265 Dow Industrials, 1425.7 S&P 500, 3042 Nasdaq, 5063 Dow Transports, and 823.60 Russell 2000.

    Daily Dow:(13,246) Daily, monthly, annual and semiannual value levels are 13,190, 13,143, 12,312 and 10,738 with weekly and annual and quarterly risky levels at 13,401, 14,032 and 14,192.

    S&P 500 - (1428.4) Daily, monthly, annual and semiannual value levels are 1422.8, 1418.7, 1363.2 and 1059.7 with weekly, quarterly and annual risky levels at 1435.3, 1513.3 and 1562.9.

    NASDAQ - (3012) Daily, weekly, annual and semiannual value levels are 3000, 3001, 2698 and 2527 with monthly, annual and quarterly risky levels at 3028, 3232 and 3295.

    Dow Transports - (5201) Daily, monthly, weekly, and semiannual value levels are 5112, 5053, 5031, 4449 and 4129 with quarterly and annual risky levels at 5541 and 5861.

    Russell 2000 - (825.62) Daily, weekly, monthly and semiannual value levels are 822.78, 821.45, 807.15 and 686.25 with my annual risky level at 836.15.

    The SOX- (383.62) Daily, weekly, monthly and semiannual value levels are 380.11, 356.73, 354.06 and 326.30 with 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

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