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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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  • US Stocks – Still Overvalued, Still Overbought 2 comments
    Jan 20, 2011 7:13 AM | about stocks: TLT, GLD, DUG, DIA
    The Dow Industrial Average tested its weekly risky level again on Wednesday at 11.858. The other major equity averages are lagging this week’s risky levels at 1304.9 SPX, 2802 NASDAQ, 5331 Transports and 835.88 on Russell 2000. The NASDAQ has a quarterly risky level at 2853.
     
    10-Year Note – (3.329) Weekly, annual and semiannual value levels are 3.609, 3.791 and 4.268. Daily, annual, semiannual and monthly risky levels are 3.247, 2.690, 2.441, 2.322 and 2.150.
     
    Courtesy of Thomson / Reuters
     
    Comex Gold – ($1368.6) Annual, semiannual and annual value levels are $1356.5, $1300.6 and $1187.2 with a daily pivot at $1372.7, and weekly, monthly, quarterly and semiannual risky levels at $1409.7, $1439.0, $1441.7 and $1452.6.
     
    Courtesy of Thomson / Reuters
     
    Nymex Crude Oil ($91.63) Semiannual and monthly value levels are $87.52 and $75.74 with daily, weekly, annual, semiannual and quarterly risky levels at $93.50, $96.45, $99.91, $101.92, $107.14 and $110.87.
     
     
    Courtesy of Thomson / Reuters
     
    The Euro – (1.3439) Monthly and weekly value levels are 1.2805 and 1.2806 with quarterly and daily pivots at 1.3227and 1.3423. Semiannual and annual risky levels are 1.4624, 1.4989, 1.6367 and 1.7312.
     
    Courtesy of Thomson / Reuters
     
    Daily Dow: (11,825)Annual, quarterly, semiannual, monthly and semiannual value levels are 11,491, 11,395, 10,959, 10,427 and 9,449 with daily and weekly pivots at 11,802 and 11,858, and annual risky level at 13,890.
     
    Courtesy of Thomson / Reuters
     
    That’s today’s Four in Four. Have a great day.
     
    Richard Suttmeier
    Chief Market Strategist
    ValuEngine.com, (800) 381-5576
     
    Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our products and services visit www.ValuEngine.com
     
    As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. I have daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go HERE to review sample issues and find out more about my research.
     
    “I Hold No Positions in the Stocks I Cover.”
    Themes: US Capital Markets Stocks: TLT, GLD, DUG, DIA
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  • SeekingTruth
    , contributor
    Comments (1167) | Send Message
     
    Richard,
    How does 500 to 800 additional bank failures compare to prior deep recessions, and what are the economic and unemployment implications, etc., when and if this happens?
    22 Jan 2011, 06:22 PM Reply Like
  • Richard Suttmeier
    , contributor
    Comments (165) | Send Message
     
    Author’s reply » This is difficult to measure as the number of banks has been declining for years.
    26 Jan 2011, 05:06 PM Reply Like
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