Richard Suttmeier's  Instablog

Richard Suttmeier
Send Message
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
My company:
Global Market Consultants
My blog:
valuengine.com/ve/ma...
  • New Highs For The 5 Major Averages, And A Potential Key Reversal!  0 comments
    May 9, 2013 5:29 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.810) Monthly, annual and semiannual value levels are 1.945, 1.981, 2.476 and 3.063 with a daily pivot at 1.801, and weekly and semiannual risky levels at 1.519 and 1.413.

    Comex Gold - ($1455.8) The 200-week SMA is $1443.2 with a weekly pivot at $1457.7, and monthly, annual, semiannual, quarterly and annual risky levels at $1566.7, $1599.9, $1719.2, $1808.3 and $1852.1.

    Nymex Crude Oil - ($95.91) Weekly, monthly and quarterly value levels are $94.78, $88.34 and $79.66 with a daily pivot at $96.18, and annual risky level at $115.23.

    The Euro - (1.3035) Semiannual and quarterly value levels are 1.2797 and 1.2169 with a weekly pivot at 1.3059, and daily, annual and monthly risky levels at 1.3106, 1.3257 and 1.3597.

    Dow Industrials, S&P 500, NASDAQ, Dow Transports and Russell 2000 set new all time or multi-year highs on Thursday, and Transports closed below Wednesday's low setting up a potential key reversal given lower closes Friday and Monday. A close on Friday below 965.51 on Russell 2000 warns.

    Daily Dow:(15,083) Monthly, semiannual, quarterly and annual value levels are 14,651, 14,323, 13,755 and 12,696 with weekly and daily pivots at 14,990 and 15,102, and the May 9 all time high at 15,144.83.

    S&P 500 - (1626.7) Weekly, monthly, semiannual, quarterly and annual value levels are 1603.3, 1587.3, 1566.9, 1448.7 and 1348.3 with a daily risky level at 1633.5, and the May 9 all time high at 1635.01.

    NASDAQ - (3409) Weekly, monthly, quarterly and annual value levels are 3312, 3233, 3106 and 2806 with the May 9 multi-year high at 3428.54, and daily and semiannual risky levels at 3442 and 3583.

    NASDAQ 100 (NDX) - (2961) Weekly, quarterly, monthly and annual value levels are 2875, 2819, 2750 and 2463 with the May 9 multi-year high at 2980.36 and daily risky level at 3003.

    Dow Transports - (6339) Monthly, weekly, annual, semiannual and quarterly value levels are 6284, 6185, 5955, 5925, 5469 and 5324 with a daily pivot at 6363, and the May 9 all time high at 6417.38 .

    Russell 2000 - (966.26) 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 967.90, and the May 8 all time high at 970.46.

    The SOX- (461.85) Weekly, monthly, quarterly, and annual value levels are 433.09, 419.92, 357.61 and 338.03 with a daily risky level at 464.36. My semiannual risky level is 520.17 with the July 2007 high at 549.39.

    Dow Utilities:(512.69) Monthly and semiannual value levels are 509.53 and 474.63 with daily and quarterly pivots at 513.50, and 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

    Stocks: TLT, GLD, XLE, DIA, QQQ, SPY
Back To Richard Suttmeier's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.