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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 All Time Highs Again For Dow Transports & Russell 2000. 0 comments
    Jan 28, 2013 5:16 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.976) Weekly and semiannual value levels are 2.015, 2.476 and 3.063 with my annual pivot at 1.981, and daily, semiannual and monthly risky levels at 1.930, 1.413 and 1.349.

    Comex Gold - ($1655.0) Weekly and annual value levels are $1627.4 and $1599.9 with my monthly pivot at $1668.7, and semiannual, quarterly and annual risky levels at $1719.2, $1802.9 and $1852.1.

    Nymex Crude Oil - ($96.52) Weekly and monthly value levels are $94.82 and $74.23 with my quarterly pivot at $95.84, and daily and annual risky levels at $98.08, $115.23 and $115.42.

    The Euro - (1.3452) Annual and semiannual value levels are 1.3257 and 1.2797 with quarterly, daily and weekly pivots at 1.3334, 1.3437 and 1.3466, and annual risky levels at 1.4295.

    Dow Transports set another new all time closing high at 5875.56. The Industrials need to set a new closing high above 14,164.15 set on Oct 9, 2007 to confirm a "Dow Theory Buy Signal." The Russell 2000 also another new all time high at 907.91. Quarterly and annual risky levels are; 14,118 / 14,323 Dow Industrials, 1510.8 / 1566.9 S&P 500, 3274 / 3583 NASDAQ and 913.92 / 965.51 Russell 2000. Annual and semiannual risky levels are 5925 / 5955 Dow Transports. This week's pivots are; 13,815 Dow Industrials, 1493.7 S&P 500, 3121 NASDAQ, 5863 Dow Transports and 909.02 Russell 2000.

    Daily Dow:(13,882) Quarterly, monthly and annual value levels are 13,668, 12,818, 12,696 and 12,509 with a weekly pivot at 13,815, and daily, quarterly and semiannual risky levels at 13,961, 14,118 and 14,323.

    S&P 500 - (1500.2) Quarterly, monthly and annual value levels are 1431.1, 1397.6 and 1348.3 with a weekly pivot at 1493.7, and daily, quarterly and semiannual risky levels at 1511.0, 1510.0 and 1566.9.

    NASDAQ - (3154) Quarterly, monthly and annual value levels are 3071, 2934, 2806 and 2790 with a weekly pivot at 3121, and daily, quarterly and semiannual risky levels at 3172, 3274 and 3583.

    NASDAQ 100 (NDX) - (2742) Weekly, monthly and annual value levels are 2706, 2610, 2463 and 2385 with daily and quarterly risky levels at 2761, 2798 and 2920.

    Dow Transports - (5876) Annual, quarterly and monthly value levels are 5469, 5094 and 5012 with a weekly pivot at 5863, and daily, annual and semiannual risky levels at 5919, 5925 and 5955.

    Russell 2000 - (906.71) Annual, quarterly, monthly and annual value levels are 860.25, 821.01, 813.37 and 809.54 with weekly, quarterly and semiannual risky levels at 909.02, 913.92 and 965.51.

    The SOX- (416.16) Quarterly, monthly and annual value levels are 371.62, 347.83 and 338.03 with weekly, daily, quarterly and semiannual risky levels at 417.87, 424.38, 440.36 and 520.17.

    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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