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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 Highs Again For Dow Industrials And S&P 500 0 comments
    Apr 11, 2013 5:31 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.793) 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 1.722 and 1.413.

    Comex Gold - ($1560.2) Daily and weekly value levels are $1533.6 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 - ($93.46) Daily, weekly and quarterly value levels are $91.27, $91.50 and $79.66 with monthly and annual risky levels at $98.93 and $115.23.

    The Euro - (1.3100) Semiannual, weekly and quarterly value levels are 1.2797, 1.2738, 1.2489 and 1.2169 with daily, annual and monthly risky levels at 1.3141, 1.3257 and 1.3668.

    The S&P 500 is above my semiannual pivot at 1566.9 indicating upside is to my semiannual risky level at 965.51 on the Russell 2000. My semiannual levels are 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, 3289 NASDAQ and 5960 Dow Transports, and monthly risky level at 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. The major averages have crossed their 200-day SMAs in every year going back to at least the year 2000. These averages are; 13,441 Dow Industrials, 1445.6 S&P 500 3069 NASDAQ, 5382 Dow Transports and 850.28 Russell 2000.

    Daily Dow:(14,865) Semiannual, monthly, quarterly and annual value levels are 14,323, 14,286, 13,755 and 12,696 with daily and weekly pivots at 14,806 and 14,719. Set new all time intra-day high and closing highs at 14,887.51 and 14,865.14 on April 11, 2013.

    S&P 500 - (1593.4) Quarterly and annual value levels are 1448.7 / 1348.3 with daily, monthly, semiannual and weekly pivots at 1580.8, 1565.8, 1566.9 and 1570.5, and the new all time high at 1597.35 set on April 11, 2013.

    NASDAQ - (3300) Daily, quarterly and annual value levels are 3263, 3106 and 2806 with weekly and monthly pivots at 3237 and 3289, and semiannual risky level at 3583.

    NASDAQ 100 (NDX) - (2859) Daily, weekly and annual value levels are 2834 and 2784 and 2463 with quarterly and monthly pivots at 2819 and 2839.

    Dow Transports - (6165) Annual and quarterly value levels are 5469 and 5324 with annual, monthly, semiannual and daily pivots at 5925, 5960, 5955 and 6019, and weekly risky level at 6267.

    Russell 2000 - (947.05) Daily, annual and quarterly value levels are 928.55, 860.25, 809.54 and 807.82 with weekly, monthly and annual risky levels at 951.53, 958.79 and 965.51.

    The SOX- (435.63) Daily, monthly, quarterly and annual value levels are 425.76, 419.96, 357.61 and 338.03 with a weekly pivot 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

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