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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 Monthly Risky Levels Suggest No New Highs For Equities!  0 comments
    Jan 31, 2013 6:51 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.985) Annual and semiannual value levels are 2.476 and 3.063 with daily and annual pivots at 2.021 and 1.981, and monthly and semiannual risky levels at 1.843 and 1.413.

    Comex Gold - ($1663.9) Daily and annual value levels are $1653.9 and $1599.9 with semiannual, monthly, quarterly and annual and semiannual risky levels at $1719.2, $1793.7, $1802.9 and $1852.1.

    Nymex Crude Oil - ($97.46) Monthly and quarterly pivots are $96.21 and $95.84 with daily, annual and semiannual risky levels at $98.16, $115.23, $115.42 and $130.42.

    The Euro - (1.3579) Quarterly, annual, semiannual and monthly value levels are 1.3334, 1.3257, 1.2797 and 1.2343 with daily and annual risky levels at 1.3604 and 1.4295.

    Monthly risky levels for the Dow Industrials and S&P 500 are below the October 2007 highs at 14,132 and 1542.9 respectively. My monthly risky levels are 3250 for the NASDAQ and 911.32 on the Russell 2000, which is just above the all time high at 907.91 set on January 25. My quarterly pivots are 13,668 Dow Industrials, 1431.1 S&P 500 and 3071 NASDAQ. My annual pivots are 5469 Dow Transports and 860.25 Russell 2000, with a monthly value level at 5440 Dow Transports.

    Daily Dow:(13,861) Quarterly and annual value levels are 13,668, 12,696 and 12,509 with daily, quarterly, monthly and semiannual risky levels at 14,057, 14,118, 14,132 and 14,323.

    S&P 500 - (1498.1) Quarterly and annual value levels are 1431.1 and 1348.3 with daily, quarterly, monthly and semiannual risky levels at 1512.1, 1510.0, 1542.9 and 1566.9.

    NASDAQ - (3142) Quarterly and annual value levels are 3071, 2806 and 2790 with daily, monthly, quarterly and semiannual risky levels at 3157, 3250, 3274 and 3583.

    NASDAQ 100 (NDX) - (2732) Annual value levels are 2463 and 2385 with a daily pivot at 2736 and monthly and quarterly risky levels at 2871, 2798 and 2920.

    Dow Transports - (5804) Annual, monthly and quarterly value levels are 5469, 5440 and 5094 with daily, annual and semiannual risky levels at 5946, 5925 and 5955.

    Russell 2000 - (902.09) Annual, quarterly and annual value levels are 860.25, 821.01 and 809.54 with daily, monthly, quarterly and semiannual risky levels at 910.87, 911.32, 913.92 and 965.51.

    The SOX- (412.73) Quarterly and annual value levels are 371.62 and 338.03 with a monthly pivot at 409.08, and daily, quarterly and semiannual risky levels at 415.62, 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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