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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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  • Transports Continue To Set New Highs While Industrials Lag. 0 comments
    Feb 14, 2013 5:43 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.998) Weekly, annual and semiannual value levels are 2.062, 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 - ($1635.4) Weekly and annual value levels are $1632.9 and $1599.9 with a daily pivot at $1638.1, and semiannual, monthly, quarterly and annual and semiannual risky levels at $1719.2, $1793.7, $1802.9 and $1852.1.

    Nymex Crude Oil - ($97.36) Monthly and quarterly pivots are $96.21 and $95.84 with a daily pivot at $97.49, and weekly, annual and semiannual risky levels at $101.44, $115.23, $115.42 and $130.42.

    The Euro - (1.3354) Annual and semiannual value levels are 1.3257 and 1.2797 with my quarterly pivot at 1.3334, and monthly, weekly and annual risky levels at 1.3570, 1.3498 and 1.4295.

    The Dow Transportation Average remains between my annual pivot at 5925 and my semiannual risky level at 5955 setting another new closing high at 5947.70 on Thursday. The Russell 2000 remains above my monthly pivot at 911.32 with another new high at 924.68. Other risky levels; weekly, monthly and semiannual risky levels are; 14,108, 14,132 and 14,323 Dow Industrials, 1544.0, 1542.9 and 1566.9 S&P 500, 3264, 3250 and 3583 NASDAQ, and 948.81 and 965.51 Russell 2000. The downside during the first quarter is to my quarterly pivots at 13,668 Dow Industrials, 1431.1 S&P 500 and 3071 NASDAQ. Other downside targets are my annual pivot at 5469 on Dow Transports, and my annual pivot at 860.25 on the Russell 2000. Sometime during the year the downside 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:(13,973) Quarterly and annual value levels are 13,668, 12,696 and 12,509 with daily, weekly, monthly and semiannual risky levels at 14,081, 14,108, 14,132 and 14,323.

    S&P 500 - (1521.4) Quarterly and annual value levels are 1431.1 and 1348.3 with daily, weekly, monthly and semiannual risky levels at 1537.7, 1544.0, 1542.9 and 1566.9.

    NASDAQ - (3199) Quarterly and annual value levels are 3071, 2806 and 2790 with daily, weekly, monthly and semiannual risky levels at 3240, 3264, 3250 and 3583.

    NASDAQ 100 (NDX) - (2771) Annual value levels are 2463 and 2385 with daily, weekly, quarterly and monthly risky levels at 2813, 2825, 2798 and 2871. My semiannual risky level is 3196.

    Dow Transports - (5948) Annual, monthly and quarterly value levels are 5469, 5440 and 5094 with an annual pivot at 5925, and semiannual, daily and weekly risky levels at 5955, 6001 and 6127.

    Russell 2000 - (923.76) Monthly, annual, quarterly and annual value levels are 911.32, 860.25, 821.01 and 809.54 with daily, weekly and semiannual risky levels at 931.81, 948.81 and 965.51.

    The SOX- (431.08) Monthly, quarterly and annual value levels are 409.08, 371.62 and 338.03 with daily, weekly, quarterly and semiannual risky levels at 436.37, 432.14, 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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