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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 NASDAQ Gaps Below Its 200-Day SMA At 2984. 0 comments
    Nov 7, 2012 5:28 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.642) Weekly, semiannual, quarterly and annual value levels are 1.803, 1.853, 2.109 and 2.502 with a daily pivot at 1.643, and monthly and semiannual risky levels at 1.452 and 1.389.

    Comex Gold - ($1718.3) Semiannual, monthly and annual value levels are $1643.3, $1639.8 and $1575.8 with daily and semiannual pivots at $1714.6 and $1702.5, and weekly and quarterly risky levels at $1739.7 and $1881.4.

    Nymex Crude Oil - ($84.01) Monthly and semiannual value levels are $76.96 and $76.71 with my weekly pivot at $84.04, and annual and quarterly risky levels at $103.58 and $107.63.

    The Euro - (1.2764) My monthly value level is 1.2289 with daily and semiannual pivots at 1.2752 and 1.2917, and quarterly, weekly and annual risky levels at 1.3048, 1.3091 and 1.4239.

    The major equity averages straddle their 200-day SMAs at; 12,996 Dow Industrials, 1381.3 S&P 500, 2984 NASDAQ, 5133 Dow Transports, and 807.46 Russell 2000. Key monthly and weekly levels are 13,143 / 13,401 Dow Industrials, 1418.7 / 1435.3 S&P 500, 3001 / 3028 NASDAQ, 5053 / 5031 Dow Transports, and 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:(12,933) Annual and semiannual value levels are 12,312 and 10,738 with daily, monthly, weekly and annual and quarterly risky levels at 13,113, 13,143, 13,401, 14,032 and 14,192.

    S&P 500 - (1394.6) Annual and semiannual value levels are 1363.2 and 1059.7 with daily, monthly, weekly, quarterly and annual risky levels at 1416.5, 1418.7, 1435.3, 1513.3 and 1562.9.

    NASDAQ - (2937) Annual and semiannual value levels are 2698 and 2527 with daily, weekly, annual and semiannual value levels are 2983, 3001, 3028, 3232 and 3295.

    Dow Transports - (5104) Monthly, weekly, and semiannual value levels are 5053, 5031, 4449 and 4129 with daily, quarterly and annual risky levels at 5214, 5541 and 5861.

    Russell 2000 - (804.54) My semiannual value level is 686.25 with my monthly pivot at 807.15, and daily, weekly, and annual risky levels at 818.63, 821.45 and 836.15.

    The SOX- (373.27) Weekly, monthly and semiannual value levels are 356.73, 354.06 and 326.30 with daily and quarterly risky levels at 386.17 and 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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