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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 Russell 2000 Failed At Its Annual Pivot At 836.15. 0 comments
    Dec 12, 2012 5:48 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.702) Semiannual and quarterly value levels are 1.853 and 2.109 with my weekly pivot at 1.673, and daily, monthly and semiannual risky levels at 1.652, 1.452 and 1.389.

    Comex Gold - ($1712.8) Daily, weekly, monthly and semiannual value levels are $1700.6, $1672.7, $1659.3 and $1643.3 with my semiannual pivot at $1702.5, and quarterly risky level at $1844.9.

    Nymex Crude Oil - ($86.78) Daily, weekly, monthly and semiannual value levels are $85.13, $82.21, $78.18 and $76.71 with annual and quarterly risky levels at $103.58 and $107.63.

    The Euro - (1.3064) Semiannual, weekly and monthly value levels are 1.2917, 1.2838 and 1.2203 with a daily pivot at 1.3036, and annual risky level at 1.4239.

    The Russell 2000 tested my annual pivot at 836.15 and failed to hold that key level. 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:(13,245) Daily, monthly, weekly, annual and semiannual value levels are 13,217, 12,826, 12,737, 12,312 and 10,738 with annual and quarterly risky levels at 14,032 and 14,192.

    S&P 500 - (1428.50) Daily, weekly, monthly, annual and semiannual value levels are 1419.6, 1384.9, 1378.6, 1363.2, and 1059.7 with quarterly and annual risky levels at 1513.3 and 1562.9.

    NASDAQ - (3014) Daily, monthly, weekly, annual and semiannual value levels are 2985, 2893, 2882, 2698 and 2527 with annual and semiannual value levels at 3232 and 3295.

    NASDAQ 100 (NDX) - (2675) Daily, annual, monthly, weekly, annual and semiannual value levels are 2645, 2603, 2596, 2550, 2300 and 2239, with my quarterly risky level at 2950.

    Dow Transports - (5175) Daily, weekly, monthly, semiannual value levels are 5153, 5085, 4930, 4449 and 4129 with quarterly and annual risky levels at 5541 and 5861.

    Russell 2000 - (829.39) Daily, weekly, monthly and semiannual value levels are 828.66, 797.63, 786.64 and 686.25 with my annual risky level at 836.15.

    The SOX- (387.74) Daily, weekly, monthly and semiannual value levels are 387.08, 373.90, 326.94 and 326.30 with 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

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