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...
  • Weekly Closes Straddled Five-Week And Five-Month MMAs. 0 comments
    Dec 28, 2012 8:12 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.711) My daily value level is 1.754 with weekly risky level at 1.622.

    Comex Gold - ($1657.2) My daily value level is $1622.7 with a weekly risky level at $1718.1.

    Nymex Crude Oil - ($90.75) Weekly and daily pivots are $91.29 and $92.27.

    The Euro - (1.3218) My weekly pivot is 1.3200 with a daily risky level at 1.3277.

    The Dollar versus Japanese Yen - (86.10) My weekly pivot is 85.75 with a daily pivot at 86.34. The dollar vs yen is above its 200-week SMA at 84.93 for the first time since December 2007.

    The British Pound - (1.6168) My weekly pivot is 1.6105 with a daily pivot at 1.6163. The pound vs the dollar has been above its 200-week SMA at 1.5815 since the week of August 24th.

    The major equity averages ended last week straddling all five-week and five-month modified moving averages at 13,072 / 12,973 Dow Industrials, 1412.7 / 1387.8 S&P 500, 2985 / 2973 NASDAQ, 5155 / 5079 Dow Transports and 824.44 / 808.66 Russell 2000. My weekly value levels are; 12,862 Dow Industrials, 1392.9 S&P 500, 2935 NASDAQ, 5152 Dow Transports and 820.87 Russell 2000. Today's closes establish new monthly, quarterly, semiannual and annual value levels, pivots and risky levels.

    Daily Dow:(12,938) My weekly value level is 12,862 with a daily risky level at 13,061. The 50-day and 200-day simple moving averages are 13,069 and 13,015.

    S&P 500 - (1402.4) My weekly value level is 1392.9 with a daily risky level at 1419.8. The 50-day and 200-day simple moving averages are 1412.1 and 1390.2.

    NASDAQ - (2960) My weekly value level is 2935 with a daily risky level at 3007. The 50-day and 200-day simple moving averages are 2981 and 2991.

    NASDAQ 100 (NDX) - (2606) My weekly value level is 2584 with a daily risky level at 2646. The 50-day and 200-day simple moving averages are 2649 and 2674.

    Dow Transports - (5221) My weekly value level is 5152 with a daily risky level at 5361.

    Russell 2000 - (832.10) My weekly value level is 820.87 with a daily risky level at 849.72. The 50-day and 200-day simple moving averages are 818.32 and 807.75.

    The SOX- (376.87) My weekly pivot is 376.36 with a daily risky level at 384.43. The 50-day and 200-day simple moving averages are 374.18 and 387.63.

    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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