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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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  • Weekly Closes Below My Pivots Are A Sign Of A Market Top! 0 comments
    Apr 17, 2013 5:50 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.700) Daily, annual, monthly and semiannual value levels are 1.772, 1.981, 2.035, 2.476 and 3.063 with a weekly pivot at 1.716, and semiannual risky level at 1.413.

    Comex Gold - ($1372.8) A daily value level is $1361.4 with weekly, annual, semiannual, monthly, quarterly and annual risky levels at $1520.0, $1599.9, $1719.2, $1723.4, $1808.3 and $1852.1.

    Nymex Crude Oil - ($86.74) My quarterly value level is $79.66 with daily, weekly, monthly and annual risky levels at $88.54, $89.78, $98.93 and $115.23.

    The Euro - (1.3029) Semiannual, weekly and quarterly value levels are 1.2797, 1.2702, 1.2489 and 1.2169 with daily, annual and monthly risky levels at 1.3133, 1.3257 and 1.3668.

    Weekly closes below these pivots at 1566.9 S on the S&P 500 and 5925 A / 5955 S on Dow Transports indicate risk to my semiannual value level at 14,323 Dow Industrials. Closes on Friday below the five-week modified moving averages at 14,413 Dow Industrials, 1548.6 SPX, 3225 NASDAQ, 6064 Dow Transports and 930.67 Russell 2000 is another major warning.

    Daily Dow:(14,619) Semiannual, monthly, quarterly and annual value levels are 14,323, 14,286, 13,755 and 12,696 with daily and weekly risky levels at 14,860 and 14,993. Set its all time intra-day high and closing highs at 14,887.51 and 14,865.14 on April 11, 2013.

    S&P 500 - (1552.0) Quarterly and annual value levels are 1448.7 and 1348.3 with monthly and semiannual pivots at 1565.8 and 1566.9, and daily and weekly risky levels at 1587.3 and 1591.9, and the new all time high at 1597.35 set on April 11, 2013.

    NASDAQ - (3205) Quarterly and annual value levels are 3106 and 2806 with daily, weekly and monthly risky levels at 3295, 3282 and 3289, and semiannual risky level at 3583.

    NASDAQ 100 (NDX) - (2782) My annual value level is 2463 with weekly, monthly and quarterly pivots at 2834, 2839 and 2819, my daily risky level at 2865 and the September 21, 2012 high at 2878.38.

    Dow Transports - (5949) Annual and quarterly value levels are 5469 and 5324 with annual, monthly and semiannual pivots at 5925, 5960 and 5955, and daily and weekly risky levels at 6075 and 6299. 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 - (906.80) Annual and quarterly value levels are 860.25, 809.54 and 807.82 with daily, weekly, monthly and annual risky levels at 930.26, 950.77, 958.79 and 965.51. Set a new all time intra-day high at 954.00 on March 15, 2013.

    The SOX- (417.65) Quarterly and annual value levels are 357.61 and 338.03 with a monthly pivot at 419.96, and weekly and daily risky levels at 432.04 and 436.34.

    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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