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...
  • New All Time Or Multi-Year Highs Except For The Russell 2000. 0 comments
    May 21, 2013 6:12 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.935) Annual, daily and semiannual value levels are 1.981, 2.054, 2.476 and 3.063 with a monthly pivot at 1.945, and weekly and semiannual risky levels at 1.677 and 1.413.

    Comex Gold - ($1372.4) Daily and weekly value levels are $1339.3 and $1318.1 with monthly, annual, semiannual, quarterly and annual risky levels at $1566.7, $1599.9, $1719.2, $1808.3 and $1852.1.

    Nymex Crude Oil - ($96.16) Daily, weekly, monthly and quarterly value levels are $95.09, $93.99, $88.34 and $79.66 with my annual risky level at $115.23.

    The Euro - (1.2906) Semiannual, daily and quarterly value levels are 1.2797, 1.2781 and 1.2169 with weekly, annual and monthly risky levels at 1.2951, 1.3257 and 1.3597.

    New all time highs were set on Tuesday for Dow Industrials, S&P 500 and Dow Transports, but not on the Russell 2000. The Nasdaq set a new multi-year high at 3512.15 versus my semiannual risky level at 3583. Technical momentum continues to trump the ValuEngine Valuation Warning which continues to intensify.

    Daily Dow:(15,388) Weekly, monthly, semiannual, quarterly and annual value levels are 15,281, 14,651, 14,323, 13,755 and 12,696 with the May 21 all time high at 15,434.50 and daily risky level at 15,451.

    S&P 500 - (1669.2) Weekly, monthly, semiannual, quarterly and annual value levels are 1650.2, 1587.3, 1566.9, 1448.7 and 1348.3 with the May 21 all time high at 1674.93 and daily risky level at 1684.3.

    NASDAQ - (3502) Weekly, monthly, quarterly and annual value levels are 3436, 3233, 3106 and 2806 with the May 21 multi-year high at 3512.15, and daily and semiannual risky levels at 3541 and 3583.

    NASDAQ 100 (NDX) - (3026) Weekly, quarterly, monthly and annual value levels are 2988, 2819, 2750 and 2463 with the May 21 multi-year high at 3036.71 and daily risky level at 3053.

    Dow Transports - (6519) Weekly, monthly, weekly, annual, semiannual and quarterly value levels are 6327, 6284, 6113, 5955, 5925, 5469 and 5324 with the May 21 all time high at 6560.41 and daily risky level at 6610.

    Russell 2000 - (998.76) Semiannual, monthly, weekly, annual and quarterly value levels are 965.51, 962.82, 962.08, 860.25, 809.54 and 807.82 with the May 20 all time high at 1001.50 and daily risky level at 1011.64.

    The SOX- (469.03) Weekly, monthly, quarterly, and annual value levels are 458.72, 419.92, 357.61 and 338.03 with a daily risky level at 471.59. My semiannual risky level is 520.17 with the July 2007 high at 549.39.

    Dow Utilities:(515.49) Monthly and semiannual value levels are 509.53 and 474.63 with daily and quarterly pivots at 515.64 and 524.16, and annual and weekly risky levels at 540.37 and 543.29.

    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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