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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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  • A ValuEngine Valuation Warning Hurts Stocks On Monday! 0 comments
    Feb 4, 2013 5:05 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.964) Daily, weekly, annual and semiannual value levels are 2.101, 2.102, 2.476 and 3.063 with my annual pivot at 1.981, and monthly and semiannual risky levels at 1.843 and 1.413.

    Comex Gold - ($1674.7) Daily, weekly and annual value levels are $1647.7, $1630.1 / $1599.9 with semiannual, monthly, quarterly and annual risky levels at $1719.2, $1793.7, $1802.9 and $1852.1.

    Nymex Crude Oil - ($96.16) Monthly and quarterly pivots are $96.21 and $95.84 with daily, weekly, annual and semiannual risky levels at $98.00, $100.60, $115.23, $115.42 and $130.42.

    The Euro - (1.3510) Quarterly, annual and semiannual value levels are 1.3334, 1.3257 and 1.2797 with a monthly pivot at 1.3570, and daily, weekly and annual risky levels at 1.3698, 1.3747 and 1.4295.

    Friday's Dow close above 14K with the yield on the 30-Year US Treasury bond rising towards 3.25% resulted in a "ValuEngine Valuation Warning" with more than 65% of all stocks overvalued. My monthly / semiannual risky levels are 14,132 / 14,323 Dow Industrials, 1542.9 / 1566.9 S&P 500, and 3250 / 3583 NASDAQ. Annual and semiannual risky levels are 5925 / 5955 Dow Transports. Weekly and semiannual risk level are 929.75 / 965.51 on the Russell 2000. The downside is to my quarterly pivots at 13,668 Dow Industrials, 1431.1 S&P 500 and 3071 NASDAQ, then my annual pivots at 5469 on Dow Transports and 860.25 on the Russell 2000. The downside is 2013 is to my annual value levels at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ and 809.54 Russell 2000.

    Daily Dow:(13,880) Quarterly and annual value levels are 13,668, 12,696 and 12,509 with a weekly pivot at 13,901, and daily, monthly and semiannual risky levels at 14,021, 14,132 and 14,323. The

    S&P 500 - (1495.7) Quarterly and annual value levels are 1431.1 and 1348.3 with daily and weekly pivots at 1507.5 and 1515.3 with monthly and semiannual risky levels at 1542.9 and 1566.9.

    NASDAQ - (3131) Quarterly and annual value levels are 3071, 2806 and 2790 with a daily pivot at 3138, and weekly, monthly and semiannual risky levels at 3205, 3250 and 3583.

    NASDAQ 100 (NDX) - (2716) Annual value levels are 2463 and 2385 with a daily pivot at 2707, and weekly, quarterly and monthly risky levels at 2777, 2798 and 2871. My semiannual risky level is 3196.

    Dow Transports - (5820) Annual, monthly and quarterly value levels are 5469, 5440 and 5094 with daily, annual, semiannual and weekly risky levels at 5921, 5925, 5955 and 6013.

    Russell 2000 - (899.28) Annual, quarterly and annual value levels are 860.25, 821.01 / 809.54 with daily and monthly pivots at 909.55 / 911.32, and weekly / semiannual risky levels at 929.75 / 965.51.

    The SOX- (414.18) Monthly, quarterly and annual value levels are 409.08, 371.62 / 338.03 with daily and weekly pivots at 415.20 / 423.03, and quarterly and semiannual risky levels at 440.36 / 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

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