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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 High, But Not A New Closing High On Industrials.  0 comments
    Mar 20, 2013 5:25 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.956) Weekly, annual, and semiannual value levels are 2.104, 2.476 and 3.063 with annual and daily pivots at 1.981 and 1.932, and monthly and semiannual risky levels at 1.796 and 1.413.

    Comex Gold - ($1604.9) My weekly value level is $1540.6 with my annual pivot at $1599.9, and semiannual, monthly, quarterly and annual risky levels at $1719.2, $1737.6, $1802.9 and $1852.1.

    Nymex Crude Oil - ($93.35) No value levels with a weekly pivot at $93.23, and daily, quarterly, monthly and annual risky levels at $93.93, $95.84, $98.23 and $115.23.

    The Euro - (1.2932) My semiannual value level is 1.2797 with a daily pivot at 1.2949, and weekly, monthly, annual and quarterly risky levels at 1.3163, 1.3249, 1.3257 and 1.3334.

    No major changes! Stocks remain overbought and within the realm of key levels. My monthly value levels are 13,949 Dow Industrials, 1528.6 S&P 500, 3197 NASDAQ, and 901.68 Russell 2000 with my semiannual pivot at 14,323 Dow Industrials and semiannual risky levels at 1566.9 S&P 500 and 965.51 Russell 2000. This week's risky levels are 14,661 Dow Industrials, 1571.8 S&P 500, 3263 NASDAQ, 6350 Dow Transports and 958.66 Russell 2000. My semiannual and annual pivots are 5955 and 5925 on Dow Transports. Quarterly and annual value levels are 13,668 / 12,696 Dow Industrials, 1431.1 / 1348.3 S&P 500, 3071 / 2806 NASDAQ, 5469 Dow Transports and 860.25 Russell 2000.

    Daily Dow:(14,512) Monthly, quarterly and annual value levels are 13,949, 13,668, 12,696 and 12,509 with a semiannual pivot at 14,323 and daily and weekly risky levels at 14,567 and 14,661. Set a new intra-day all time high at 14,546.82 on March 20, 2013 and a new all time closing high at 14,539.14 on March 14, 2013.

    S&P 500 - (1558.7) Monthly, quarterly and annual value levels are 1528.6, 1431.1 and 1348.3 with daily, semiannual and weekly risky levels at 1561.0, 1566.9 and 1571.8. The October 2007 high is 1576.09.

    NASDAQ - (3254) Monthly, quarterly and annual value levels are 3197, 3071, 2806 and 2790 with a daily pivot at 3250, and weekly and semiannual risky levels at 3263 and 3583.

    NASDAQ 100 (NDX) - (2806) Annual value levels are 2463 and 2385 with daily, weekly, quarterly and monthly pivots at 2798, 2797, 2798 and 2809.

    Dow Transports - (6218) Semiannual and annual pivots are 5955 and 5925 with daily and weekly risky levels at 6301 and 6350. Monthly and annual value levels are 5522 and 5469. Set a new all time intra-day high at 6291.65 on March 19, 2013 and a new all time closing high at 6281.24 on March 14, 2013.

    Russell 2000 - (951.95) Monthly and annual value levels are 901.68 and 860.25 with weekly and semiannual risky levels at 958.66 and 965.51. Set a new all time intra-day high at 954.00 on March 15, 2013.

    The SOX- (432.01) Monthly and quarterly value levels are 404.22 and 371.62 with daily and weekly risky levels at 433.08 and 443.36. My semiannual risky level is 520.17 with the July 2007 high at 549.39.

    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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