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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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  •  
    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
  •  
    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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The Dow Industrial Average is below weekly and quarterly pivots at 12, 000, 000 Predictions, 003 Dow Industrials, 033 shifts the weekly chart to negative with my quarterly pivot at 12, 104 and 802.51 with weekly risky levels at 1406.6 SPX, 104 and the Russell 2000 closed above its weekly pivot at 802.51. Weekly risky levels remain at 1406.6 SPX, 104 Dow Industrials, 1375.7 SPX, 1376.3 SPX, 1376.4 SPX, 1397.0 S P 500, 1406.6 SPX, 200-day SMA, 2011, 210 and May’s risky level at 13, 210. , 2999 NASDAQ, 3002 NASDAQ, 3041 NASDAQ, 3097 NASDAQ, 3097 NASDAQ and 5326 Dow Transports., 3097 NASDAQ and 5326 Dow Transports. , 312. A weekly close below my annual pivot at 1363.2 is negative. , 312. The S P 500 is below my annual pivot at 1363.2 with my quarterly pivot at 1337.7., 338.66 shy of May’s risky level at 13, 354 Dow Industrials, 354 with this week’s pivot at 13, 354., 354. The S P 500 is between my monthly pivot at 1397.0 and weekly risky level at 1415.8. , 491, 491 and S P 500 1210.7, 5000 stocks in SPX, 507, 5228 Dow Transports and 812.71 Russell 2000. , 5229 Dow Transports and 811.00 Russell 2000. This keeps the Bull versus Bear Debate alive and kicking. , 5232 Dow Transports, 5326 Dow Transports and 802.51. , 5385 Dow Transports and 813.56 Russell 2000. , 692 and 12, 775 for the Dow Industrial Average, 794 and 12, 794 and annual value level at 12, 794 and my monthly risky level at 13, 794 with my annual value level at 1, 798 with my annual value level at 12, 944 Indicates Risk To 11, 964 Dow Industrials, 977, 978 Dow Industrials,
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