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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 Major Averages Straddle Weekly Pivots / Value Levels. 0 comments
    Nov 13, 2012 5:53 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.591) Semiannual, quarterly and annual value levels are 1.853, 2.109 and 2.502 with a daily pivot at 1.620, and weekly, monthly and semiannual risky levels at 1.520, 1.452 and 1.389.

    Comex Gold - ($1724.7) Semiannual, monthly and annual value levels are $1702.5, $1643.3, $1639.8 and $1575.8 with daily and weekly pivots at $1715.8 and $1708.9, and quarterly risky levels at $1844.9 and $1881.4.

    Nymex Crude Oil - ($85.17) Daily, weekly, monthly and semiannual value levels are $84.37, $78.79, $76.96 and $76.71 with annual and quarterly risky levels at $103.58 and $107.63.

    The Euro - (1.2702) Daily, weekly and monthly value levels are 1.2564, 1.2655 and 1.2289 with semiannual, quarterly, weekly and annual risky levels at 1.2917, 1.3048, 1.3091 and 1.4239.

    The major equity averages are below weekly pivots at 12,880 Dow Industrials and 1380.8 S&P 500, but above weekly value levels at 2874 NASDAQ, 4823 Dow Transports and 779.23 Russell 2000. All major averages are below their 200-day SMAs at; 12,993 Dow Industrials, 1381.6 S&P 500, 2984 NASDAQ, 5130 Dow Transports, and 807.21 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:(12,756) Daily, annual and semiannual value levels are 12,621, 12,312 and 10,738 with weekly, monthly and annual and quarterly risky levels at 12,880, 13,143, 14,032 and 14,192.

    S&P 500 - (1374.5) Annual, daily and semiannual value levels are 1363.2, 1359.3 and 1059.7 with a weekly pivot at 1380.8, and monthly, quarterly and annual risky levels at 1418.7, 1513.3 and 1562.9.

    NASDAQ - (2884) Weekly, daily, annual and semiannual value levels are 2874, 2847, 2698 and 2527 with annual and semiannual value levels are 3028, 3232 and 3295.

    Dow Transports - (5055) Daily, weekly and semiannual value levels are 5006, 4823, 4449 and 4129 with my monthly pivot at 5053, and quarterly and annual risky levels at 5541 and 5861.

    Russell 2000 - (788.99) Weekly, daily and semiannual value levels are 779.23, 777.63 and 686.25 with monthly and annual risky levels at 807.70 and 836.15.

    The SOX- (366.46) Daily, monthly, weekly, and semiannual value levels are 364.73, 354.06, 342.60 and 326.30 with my 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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