Richard Suttmeier's  Instablog

Richard Suttmeier
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I am the Founder & CEO at Global Market Consultants, Ltd. I consider myself as a Financial Engineer with an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. In 1972 I began my career in the financial services industry trading U.S. Treasury securities in the... More
My company:
Global Market Consultants
My blog:
valuengine.com/ve/ma...
  • The NASDAQ, Declining Daily MOJO, While Others Are Overbought. 0 comments
    Dec 10, 2012 4:56 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.618) Weekly, semiannual and quarterly value levels are 1.673, 1.853 and 2.109 with a daily pivot at 1.604, and monthly and semiannual risky levels at 1.452 and 1.389.

    Comex Gold - ($1713.3) Daily, weekly, monthly and semiannual value levels are $1699.2, $1672.7, $1659.3 and $1643.3 with my semiannual pivot at $1702.5, and quarterly risky level at $1844.9.

    Nymex Crude Oil - ($85.68) Weekly, monthly and semiannual value levels are $82.21, $78.18 and $76.71 with daily, annual and quarterly risky levels at $87.87, $103.58 and $107.63.

    The Euro - (1.2941) Weekly and monthly value levels are 1.2838 and 1.2203 with my semiannual pivot at 1.2917, and daily, and annual risky levels at 1.3054 and 1.4239.

    The NASDAQ has declining MOJO on its daily chart, while Dow Industrials, S&P 500, Dow Transports and Russell 2000 overbought. My monthly / weekly value levels are; 12,826 / 12,737 Dow Industrials, 1378.6 / 1384.9 S&P 500, 2893 / 2882 NASDAQ, 4930 / 5085 Dow Transports and 786.64 / 797.63 Russell 2000. Key annual levels remain in play; 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:(13,170) Daily, monthly, weekly, annual and semiannual value levels are 13,141, 12,826, 12,737, 12,312 and 10,738 with annual and quarterly risky levels at 14,032 and 14,192.

    S&P 500 - (1418.6) Weekly, monthly, annual and semiannual value levels are 1384.9, 1378.6, 1363.2, and 1059.7 with a daily pivot at 1418.3, and quarterly and annual risky levels at 1513.3 and 1562.9.

    NASDAQ - (2987) Monthly, weekly, annual and semiannual value levels are 2893, 2882, 2698 and 2527 with a daily pivot at 2994, and annual and semiannual value levels at 3232 and 3295.

    NASDAQ 100 (NDX) - (2648) Annual, monthly, weekly, annual and semiannual value levels are 2603, 2596, 2550, 2300 and 2239, with a daily pivot at 2652, and my quarterly risky level at 2950.

    Dow Transports - (5183) Daily, weekly, monthly, semiannual value levels are 5136, 5085, 4930, 4449 and 4129 with quarterly and annual risky levels at 5541 and 5861.

    Russell 2000 - (826.26) Weekly, monthly and semiannual value levels are 797.63, 786.64 and 686.25 with daily and annual risky levels at 832.10 and 836.15.

    The SOX- (381.83) Weekly, monthly and semiannual value levels are 373.90, 326.94 and 326.30 with a daily pivot at 380.16 and 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

    Stocks: TLT, GLD, XLE, DIA, QQQ, SPY
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