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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 NASDAQ Is Below Its 50-Day And 200-Day SMAs. 0 comments
    Dec 5, 2012 5:47 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.593) Semiannual and quarterly value levels are 1.853 and 2.109 with my weekly pivot at 1.612, and daily, monthly and semiannual risky levels at 1.548, 1.452 and 1.389.

    Comex Gold - ($1694.6) Monthly, weekly and semiannual value levels are $1679.1, $1659.3 and $1643.3 with my semiannual pivot at $1702.5, and quarterly risky levels at $1844.9 and $1881.4.

    Nymex Crude Oil - ($87.84) Monthly and semiannual value levels are $78.18 and $76.71 with daily and weekly pivots at $87.72 and $86.01, and annual risky level at $103.58.

    The Euro - (1.3069) Weekly and monthly value levels are 1.2789 and 1.2203 with semiannual, daily and quarterly pivots at 1.2917, 1.3041 and 1.3048, and annual risky level at 1.4239.

    Thanks to a 6.4% decline in the price of Apple Inc (AAPL) ($538.79) the NASDAQ ended Wednesday below its 50-day and 200-day simple moving averages at 3012 and 2988. 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. 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:(13,034) Monthly, weekly, annual and semiannual value levels are 12,826, 12,465, 12,312 and 10,738 with a daily pivot at 12,960, and annual and quarterly risky levels at 14,032 and 14,192.

    S&P 500 - (1409.3) Monthly, weekly, annual and semiannual value levels are 1378.6, 1354.5, 1363.2, and 1059.7 with a daily pivot at 1409.2, and quarterly and annual risky levels at 1513.3 and 1562.9.

    NASDAQ - (2974) Monthly, weekly, annual and semiannual value levels are 2893, 2812, 2698 and 2527 with daily, annual and semiannual value levels at 3012, 3232 and 3295.

    NASDAQ 100 (NDX) - (2638) Annual, monthly, annual and semiannual value levels are 2603, 2596, 2485, 2300 and 2239, with daily and quarterly risky levels at 2779 and 2950.

    Dow Transports - (5120) Weekly, monthly, semiannual value levels are 5062, 4930, 4449 and 4129 with daily, quarterly and annual risky levels at 5152, 5541 and 5861.

    Russell 2000 - (820.60) Monthly, weekly and semiannual value levels are 786.64, 778.06 and 686.25 with daily and annual risky levels at 828.26 and 836.15.

    The SOX- (374.46) Weekly and monthly and semiannual value levels are 353.33, 326.94 and 326.30 with daily and quarterly risky levels at 377.49 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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