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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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  • New Monthly Value Levels Limit Downside Into Year End. 0 comments
    Dec 1, 2012 7:00 AM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.615) Daily, semiannual and quarterly value levels are 1.682, 1.853 and 2.109 with a weekly pivot at 1.612, and monthly, semiannual and monthly risky levels at 1.452, 1.389 and 1.060.

    Comex Gold - ($1714.3) Semiannual, monthly, weekly and annual value levels are $1702.5, $1679.1, $1659.3, $1643.3 and $1575.8 with daily and quarterly risky levels at $1728.9, $1844.9 and $1881.4.

    Nymex Crude Oil - ($88.83) Monthly and semiannual value levels are $78.18 and $76.71 with daily and weekly pivots at $86.42 and $86.01, and my annual risky level at $103.58.

    The Euro - (1.3004) Weekly and monthly value levels are 1.2789 and 1.2203 with my semiannual pivot at 1.2917, quarterly, daily and annual risky levels at 1.3048, 1.3068 and 1.4239.

    The major equity averages ended November above their five-week modified moving averages (MMA) except the Dow Industrial Average, which closed below this average at 13,046. The other five-week MMAs are; 1408.4 S&P 500, 2986 NASDAQ, 5045 Dow Transports and 811.63 Russell 2000. My new monthly value levels are; 12,826 Dow Industrials, 1378.6 S&P 500, 2893 NASDAQ, 4930 Dow Transports and 786.64 Russell 2000. Key annual levels remain in play this month. My annual value level is 12,312 Dow Industrials with my annual pivot at 1363.2 S&P 500 and annual risky level at 836.15 Russell 2000.

    Daily Dow:(13,026) Monthly, weekly, annual and semiannual value levels are 12,826, 12,465, 12,312 and 10,738 with daily and annual and quarterly risky levels at 13,102, 14,032 and 14,192.

    S&P 500 - (1416.3) Monthly, weekly, annual and semiannual value levels are 1378.6, 1354.5, 1363.2, and 1059.7 with daily, quarterly and annual risky levels at 1424.6, 1513.3 and 1562.9.

    NASDAQ - (3010) Monthly, weekly, annual and semiannual value levels are 2893, 2812, 2698 and 2527 with daily, annual and semiannual value levels are 3035, 3232 and 3295.

    Dow Transports - (5119) Weekly, monthly, semiannual value levels are 5062, 4930, 4449 and 4129 with daily, quarterly and annual risky levels at 5170, 5541 and 5861.

    Russell 2000 - (821.92) Monthly, weekly and semiannual value levels are 786.64, 778.06 and 686.25 with daily and annual risky levels at 828.42 and 836.15.

    The SOX- (374.35) Weekly and monthly and semiannual value levels are 353.33, 326.94 and 326.30 with daily and quarterly risky levels at 377.15 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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