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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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  • The Major Equity Averages Still Straddle My Semiannual Pivots. 0 comments
    Jun 25, 2013 6:08 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (2.582) Daily and semiannual value levels are 2.624 and 3.063 with annual and weekly pivots at 2.476 and 2.569 and monthly, annual and semiannual risky levels at 2.092, 1.981 and 1.413.

    Comex Gold - ($1275.7) My daily value level is $1260.7 wit a weekly pivot at $1299.4, and monthly, annual, semiannual, quarterly and annual risky levels at $1379.5, $1599.9, $1719.2, $1808.3 and $1852.1.

    Nymex Crude Oil - ($95.22) Monthly and quarterly value levels are $92.32 and $79.66 with a daily pivot at $95.85, and weekly and annual risky levels at $97.22 and $115.23.

    The Euro - (1.3091) Semiannual and quarterly value levels are 1.2797 and 1.2169 with weekly, daily and annual pivots at 1.3119, 1.3088 and 1.3257, and monthly risky level at 1.3322.

    The major equity averages straddle my semiannual levels and the half year comes to an end; My semiannual value level is 14,323 Dow Industrials with semiannual pivots at 1566.9 S&P 500, 5955 Dow Transports and 965.51 Russell 2000 and semiannual risky level at 3583 Nasdaq. Next week we will have new quarterly value levels and new monthly and semiannual risky levels.

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    Daily Dow:(14,760) Semiannual, quarterly and annual value levels are 14,323, 13,755 and 12,696 with daily and monthly pivots at 14,695, 14,739, a weekly risky level at 15,461, and the May 22 all time high at 15,542.40.

    S&P 500 - (1588.0) Quarterly / annual value levels are 1448.7 and 1348.3 with daily, semiannual and monthly pivots at 1580.6, 1566.9 and 1602.8, a weekly risky level at 1673.5, and the May 22 all time high at 1687.18.

    NASDAQ - (3348) Monthly, quarterly and annual value levels are 3288, 3106 and 2806 with a daily pivot at 3441, the May 22 multi-year high at 3532.04, and weekly and semiannual risky levels at 3573 and 3583.

    NASDAQ 100 (NDX) - (2867) Quarterly, monthly and annual value levels are 2819, 2784 and 2463 with a pivot at 2864, the May 22 multi-year high at 3053.51 and weekly risky level at 3075.

    Dow Transports - (6102) Annual and quarterly value levels are 5469 and 5324 with daily, annual and semiannual pivots at 6035, 5925 and 5955, and weekly risky level at 6485, the May 20 all time high at 6562.85, and monthly risky level at 6734.

    Russell 2000 - (961.25) Annual / quarterly value levels are 860.25, 809.54 / 807.82 with daily / semiannual pivots at 955.52 / 65.51, monthly risky level at 978.21, May 22 high at 1008.23, weekly risky level at 1018.23.

    The SOX- (462.51) Quarterly / annual value levels are 357.61 / 338.03 with daily and monthly pivots at 463.64 and 458.41, a weekly risky level at 492.78, a semiannual risky level is 520.17 and the July 2007 high at 549.39.

    Dow Utilities:(476.26) My weekly value level is 458.38 with semiannual and daily pivots at 474.63 and 471.48, a monthly pivot at 491.15, a quarterly risky level at 524.16 and a annual risky level at 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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