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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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  • As Equity Bubbles Inflate The Longer Term Risk Remains The Same.  0 comments
    May 8, 2013 6:16 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.764) Monthly, annual and semiannual value levels are 1.945, 1.981, 2.476 and 3.063 with a daily pivot at 1.759, and weekly and semiannual risky levels at 1.519 and 1.413.

    Comex Gold - ($1472.5) The 200-week SMA is $1443.2 with daily / weekly pivots at $1477.1 / $1457.7, and monthly, annual, semiannual, quarterly / annual risky levels at $1566.7, $1599.9, $1719.2, $1808.3 / $1852.1.

    Nymex Crude Oil - ($96.52) Weekly, monthly and quarterly value levels are $94.78, $88.34 and $79.66 with a daily pivot at $96.56, and annual risky level at $115.23.

    The Euro - (1.3152) Weekly, semiannual and quarterly value levels are 1.3059, 1.2797 and 1.2169 with daily, annual and monthly risky levels at 1.3212, 1.3257 and 1.3597.

    Dow Industrials, S&P 500, NASDAQ, Dow Transports and Russell 2000 set new all time or multi-year highs again on Wednesday, as the Dow Utility bubble pops. The key this week is the Russell 2000 with a close above or below my semiannual pivot at 965.51. Regardless of this near term outcome the risk before year end is to my annual value levels at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ, and 5469 Dow Transports and 809.54 Russell 2000.

    Daily Dow:(15,105) Monthly, semiannual, quarterly and annual value levels are 14,651, 14,323, 13,755 and 12,696 with a weekly pivot at 14,990, the May 8 all time high at 15,106.81 and daily risky level at 15,154.

    S&P 500 - (1632.7) Weekly, monthly, semiannual, quarterly and annual value levels are 1603.3, 1587.3, 1566.9, 1448.7 and 1348.3 with the May 8 all time high at 1632.78 and daily risky level at 1638.8.

    NASDAQ - (3413) Weekly, monthly, quarterly and annual value levels are 3312, 3233, 3106 and 2806 with the May 8 multi-year high at 3413.27, and daily and semiannual risky levels at 3447 and 3583.

    NASDAQ 100 (NDX) - (2968) Weekly, quarterly, monthly and annual value levels are 2875, 2819, 2750 and 2463 with the May 8 multi-year high at 2969.66 and daily risky level at 3010.

    Dow Transports - (6411) Daily, monthly, weekly, annual, semiannual and quarterly value levels are 6372, 6284, 6185, 5955, 5925, 5469 and 5324 with the May 8 all time high at 6416.15.

    Russell 2000 - (970.41) Weekly, annual and quarterly value levels are 940.39, 860.25, 809.54 and 807.82 with monthly, annual and daily pivots at 962.82, 965.51 and 970.71, and the May 8 all time high at 970.41.

    The SOX- (459.47) Weekly, monthly, quarterly, and annual value levels are 433.09, 419.92, 357.61 and 338.03 with a daily risky level at 464.67. My semiannual risky level is 520.17 with the July 2007 high at 549.39.

    Dow Utilities:(520.26) Monthly and semiannual value levels are 509.53 and 474.63 with my quarterly pivot at 524.16, and daily, weekly and annual risky levels at 524.64, 546.55 and 540.37.

    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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