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...
  • All Major Averages Are Below Their Five-Week MMAs. 0 comments
    Nov 10, 2012 9:42 AM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.615) Semiannual, quarterly and annual value levels are 1.853, 2.109 and 2.502 with daily, weekly, monthly and semiannual risky levels at 1.589, 1.520, 1.452 and 1.389.

    Comex Gold - ($1731.4) Semiannual, monthly and annual value levels are $1702.5, $1643.3, $1639.8 and $1575.8 with daily and weekly pivots at $1716.3 and $1708.9, and quarterly risky levels at $1844.9 and $1881.4. Set a 2012 high at $1798.1 on October 5.

    Nymex Crude Oil - ($86.07) Weekly, monthly and semiannual value levels are $78.79, $76.96 and $76.71 with a daily pivot at $85.87, and annual and quarterly risky levels at $103.58 and $107.63.

    The Euro - (1.2710) Daily, weekly and monthly value levels are 1.2682, 1.2655 and 1.2289 with semiannual, quarterly, weekly and annual risky levels at 1.2917, 1.3048, 1.3091 and 1.4239.

    All major averages ended last week below their five-week modified moving averages at; 13,176 Dow Industrials, 1416.7 S&P 500, 3014 NASDAQ, 5055 Dow Transports and 818.02 Russell 2000. This week's pivots / value levels are; 12,880 Dow Industrials, 1380.8 S&P 500, 2874 NASDAQ, 4823 Dow Transports and 779.23 Russell 2000. Monthly pivots / risky levels are; 13,143 Dow Industrials, 1418.7 S&P 500, 3028 NASDAQ, 5053 Dow Transports, and 807.15 Russell 2000. Annual value levels are 12,312 Dow Industrials, 1363.2 S&P 500, and 2698 NASDAQ with my annual risky level at 836.15 Russell 2000.

    Daily Dow:(12,815) Annual and semiannual value levels are 12,312 and 10,738 with a weekly pivot at 12,880, and daily, monthly and annual and quarterly risky levels at 12,927, 13,143, 14,032 and 14,192.

    S&P 500 - (1379.9) Annual and semiannual value levels are 1363.2 and 1059.7 with a weekly pivot at 1380.8, and daily, monthly, quarterly and annual risky levels at 1395.0, 1418.7, 1513.3 and 1562.9.

    NASDAQ - (2905) Weekly, annual and semiannual value levels are 2874, 2698 and 2527 with daily, annual and semiannual value levels are 2931, 3028, 3232 and 3295.

    Dow Transports - (5018) Weekly and semiannual value levels are 4823, 4449 and 4129 with my monthly pivot at 5053, and daily, quarterly and annual risky levels at 5144, 5541 and 5861.

    Russell 2000 - (795.02) Weekly and semiannual value levels are 779.23 and 686.25 with monthly, daily, and annual risky levels at 807.15, 807.70 and 836.15.

    The SOX- (369.70) Monthly, weekly, and semiannual value levels are 354.06, 342.60 and 326.30 with daily and quarterly risky levels at 379.90 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

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