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Richard Suttmeier
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I am the Founder & CEO at Global Market Consultants, Ltd. I consider myself as a Financial Engineer with an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. In 1972 I began my career in the financial services industry trading U.S. Treasury securities in the... More
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  • The Equity Averages Still Straddle Semiannual Levels. 0 comments
    Apr 8, 2013 5:12 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.745) Weekly, annual, monthly and semiannual value levels are 1.833, 1.981, 2.035, 2.476 and 3.063 with daily and semiannual risky levels at 1.683 and 1.413.

    Comex Gold - ($1573.00) Daily and weekly value levels are $1558.7 and $1506.6 and annual, semiannual, monthly, quarterly and annual risky levels at $1599.9, $1719.2, $1723.4, $1808.3 and $1852.1.

    Nymex Crude Oil - ($93.54) Weekly and quarterly value levels are $91.50 and $79.66 with daily, monthly and annual risky levels at $93.83, $98.93 and $115.23.

    The Euro - (1.3000) Daily, semiannual, weekly and quarterly value levels are 1.2928, 1.2797, 1.2738, 1.2489 and 1.2169 with annual and monthly risky levels at 1.3257 and 1.3668.

    The major equity averages straddle semiannual levels at 14,323 Dow Industrials, 1566.9 S&P 500, 3583 NASDAQ, 5955 Dow Transports and 965.51 Russell 2000. Monthly and quarterly value levels are 14,286 / 13,755 Dow Industrials, 1448.7 S&P 500, 3106 NASDAQ, 5324 Dow Transport and 807.82 Russell 2000 with monthly pivots at 1565.8 S&P 500 and 5960 Dow Transports, and monthly risky levels at 3289 NASDAQ and 958.79 Russell 200. Annual value levels are 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ, 5469 Dow Transports and 860.25 / 809.54 Russell 2000. This week's risky levels are 14,719 Dow Industrials, 1570.5 S&P 500, 3237 NASDAQ, 6267 Dow Transports and 951.53 Russell 2000.

    Daily Dow:(14,613) Semiannual, monthly, quarterly and annual value levels are 14,323, 14,286, 13,755 and 12,696 with daily and weekly risky levels at 14,616 and 14,719. The all time intra-day high at 14,684.49 and the all time closing high at 14,662.01 were set on April 2, 2013.

    S&P 500 - (1563.1) Quarterly and annual value levels are 1448.7 / 1348.3 with daily, monthly and semiannual pivots at 1560.1, 1565.8 and 1566.9 and weekly risky levels at 1570.5, and the October 2007 high at 1576.09.

    NASDAQ - (3222) Quarterly and annual value levels are 3106 and 2806 with a daily pivot at 3216, and weekly, monthly and semiannual risky levels at 3237, 3289 and 3583.

    NASDAQ 100 (NDX) - (2786) My annual value level is 2463 with a weekly pivot at 2784, and daily, quarterly and monthly risky levels at 2789, 2819 and 2839.

    Dow Transports - (6092) Annual and quarterly value levels are 5469 and 5324 with annual, monthly, semiannual and daily pivots at 5925, 5960, 5955 and 6025, and weekly risky level at 6267. The all time intra-day high is 6291.65 on March 19, 2013 and an all time closing high at 6281.24 on March 14, 2013.

    Russell 2000 - (931.49) Daily, annual and quarterly value levels are 918.07, 860.25, 809.54 and 807.82 with weekly, monthly and annual risky levels at 951.53, 958.79 and 965.51. Set a new all time intra-day high at 954.00 on March 15, 2013.

    The SOX- (424.17) Daily, quarterly and annual value levels are 417.25, 357.61 / 338.03 with a monthly pivot at 419.96, and weekly risky level at 431.33. 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

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