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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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  • Pivots Are Magnets As February 2013 Comes To An End. 0 comments
    Feb 26, 2013 5:49 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.876) Annual, weekly, annual and semiannual value levels are 1.981, 2.173, 2.476 and 3.063 with a daily pivot at 1.892 and monthly and semiannual risky levels at 1.843 and 1.413.

    Comex Gold - ($1613.9) My daily value is $1554.3 with my annual pivot at $1599.9 and weekly, semiannual, monthly, quarterly and annual and semiannual risky levels at $1624.2, $1719.2, $1793.7, $1802.9 and $1852.1.

    Nymex Crude Oil - ($92.56) My daily value level is $91.31 with monthly and quarterly pivots at $96.21 and $95.84 and weekly and annual risky levels at $99.09, $115.23 and $115.42.

    The Euro - (1.3058) Daily and semiannual value levels are 1.2983 and 1.2797 with annual, quarterly, monthly, weekly and annual risky levels at 1.3257, 1.3334, 1.3570, 1.3430 and 1.4295.

    My annual and monthly pivots at 1.981 and 1.843 have been magnets on the 10-Year yield. My annual pivot at $1599.9 has been a magnet on Comex gold. My quarterly and monthly pivots at $95.84 and $96.21 have been magnets on Nymex crude oil. My annual pivot at 1.3257 has been a magnet on the euro versus the dollar. My annual and semiannual pivots at 5925 and 5955 on Dow Transports have been magnets.

    Daily Dow:(13,900) Quarterly and annual value levels are 13,668, 12,696 and 12,509 with a daily pivot at 13,880, and monthly and semiannual risky levels at 14,132 and 14,323. Set a new multi-year high at 14,081.5 on February 25, 2013 and closed below the prior day's low for a daily key reversal. A close this week below last week's low at 13,834.40 is a weekly key reversal.

    S&P 500 - (1496.9) Quarterly and annual value levels are 1431.1 and 1348.3 with a daily pivot at 1498.3, and monthly and semiannual risky levels at 1542.9 and 1566.9.

    NASDAQ - (3130) Quarterly and annual value levels are 3071, 2806 and 2790 with a daily pivot at 31234, and monthly, weekly and semiannual risky levels at 3250, 3351 and 3583.

    NASDAQ 100 (NDX) - (2713) Annual value levels are 2463 and 2385 with a daily pivot at 2701, and quarterly and monthly risky levels at 2798 and 2871.

    Dow Transports - (5820) Annual, monthly and quarterly value levels are 5469, 5440 and 5094 with annual, semiannual and daily pivots at 5925, 5955 and 5873, and weekly risky level at 6396.

    Russell 2000 - (900.05) Annual, quarterly and annual value levels are 860.25, 821.01 and 809.54 with daily and monthly pivots at 903.84 and 911.32, and weekly and semiannual risky levels at 943.46 and 965.51.

    The SOX- (419.89) Monthly, quarterly and annual value levels are 409.08, 371.62 and 338.03 with a daily pivot at 420.27, and quarterly, weekly and semiannual risky levels at 440.36, 456.56 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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