Richard Suttmeier's  Instablog

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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Global Market Consultants
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valuengine.com/ve/ma...
  • The Key Russell 2000 Set A New All Time High On Friday.  0 comments
    May 11, 2013 4:45 AM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.893) Monthly, annual and semiannual value levels are 1.945, 1.981, 2.476 and 3.063 with a daily pivot at 1.863, and weekly and semiannual risky levels at 1.581 and 1.413.

    Comex Gold - ($1444.1) My weekly value level is $1405.9 with the 200-week SMA at $1443.2, and monthly, annual, semiannual, quarterly and annual risky levels at $1566.7, $1599.9, $1719.2, $1808.3 and $1852.1.

    Nymex Crude Oil - ($95.89) Weekly, monthly and quarterly value levels are $93.82, $88.34 and $79.66 with daily and annual risky levels at $97.16 and $115.23.

    The Euro - (1.2981) Semiannual and quarterly value levels are 1.2797 and 1.2169 with daily and weekly pivots at 1.2978 and 1.2962, and annual and monthly risky levels at 1.3257 and 1.3597.

    Over the past several weeks I indicated that weekly closes above my semiannual pivot at 1566.9 on the S&P 500 would indicate upside potential to my semiannual pivot at 965.51 on the Russell 2000, The Russell 2000 set a new all time high at 975.15 on Friday. My last semiannual risky level is 3583 on the NASDAQ. My semiannual pivots are 1566.9 S&P 500 and 5955 Dow Transports. My semiannual value level is 14,323 on Dow Industrials. My prediction remains that the major equity averages will test my annual value levels at some point in 2013 at; 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ, 5469 Dow Transports and 809.54 Russell 2000.

    Daily Dow:(15,118) Monthly, semiannual, quarterly and annual value levels are 14,651, 14,323, 13,755 and 12,696 with a weekly pivot at 15,040, the May 9 all time high at 15,144.83 and daily risky level at 15,151.

    S&P 500 - (1633.7) Weekly, monthly, semiannual, quarterly and annual value levels are 1614.3, 1587.3, 1566.9, 1448.7 and 1348.3 with the May 9 all time high at 1635.01 and daily risky level at 1639.1.

    NASDAQ - (3437) Weekly, monthly, quarterly and annual value levels are 3362, 3233, 3106 and 2806 with the May 10 multi-year high at 3436.60, and daily and semiannual risky levels at 3450 and 3583.

    NASDAQ 100 (NDX) - (2981) Weekly, quarterly, monthly and annual value levels are 2928, 2819, 2750 and 2463 with the May 10 multi-year high at 2981.02 and daily risky level at 3008.

    Dow Transports - (6376) Monthly, weekly, annual, semiannual and quarterly value levels are 6284, 6113, 5955, 5925, 5469 and 5324 with a daily risky level at 6387, and the May 9 all time high at 6417.38 .

    Russell 2000 - (997.16) Weekly, annual and quarterly value levels are 941.06, 860.25, 809.54 and 807.82 with monthly, annual and daily pivots at 962.82, 965.51 and 971.00, and the May 10 all time high at 975.15.

    The SOX- (465.94) Weekly, monthly, quarterly, and annual value levels are 444.57, 419.92, 357.61 and 338.03 with a daily pivot at 466.51. My semiannual risky level is 520.17 with the July 2007 high at 549.39.

    Dow Utilities:(513.71) Monthly, daily and semiannual value levels are 509.53, 507.41 and 474.63 with my quarterly pivot at 524.16, and weekly and annual risky levels at 540.51 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
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