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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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  • Friday's Closes Straddled The Five-Week Modified Moving Averages. 0 comments
    Jun 29, 2013 10:49 AM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (2.497) Weekly, daily and semiannual value levels are 2.660, 2.799 and 3.227 with my annual pivot at 2.476 and monthly, annual and semiannual risky levels at 2.284, 1.981 and 1.719.

    Comex Gold - ($1231.0) My daily value level is $1159.0 with a weekly pivot at $1220.5, and monthly, annual, quarterly and annual risky levels at $1289.4, $1599.9, $1603.0 and $1852.1.

    Nymex Crude Oil - ($96.52) Daily and quarterly value levels are $93.17 and $91.75 with a weekly pivot at $95.27, and monthly, semiannual and annual risky levels at $101.69, $109.84 and $115.23.

    The Euro - (1.3011) Daily, semiannual and quarterly value levels are 1.2806, 1.2477 and 1.1545, a weekly pivot at 1.2986, and monthly and annual risky levels at 1.3231 and 1.3257.

    Friday's closes did not confirm the May 20/May 22 highs as cycle highs because the five major averages straddle their five-week MMAs at; 14,973 Dow Industrials, 1613.8 S&P 500, 3397 Nasdaq, 6242 Dow Transports and 971.81 Russell 2000. New quarterly value levels are 14,288 Industrials, 1525.6 S&P 500, 3284 Nasdaq, 5469 / 5348 Transports and 863.05 Russell 2000. My annual value levels remain at 12.696 Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Transports and 809.54 Russell 2000 with new weekly and monthly risky levels at 15,210 and 15,437 Dow Industrials, 1642.6 and 1669.0 S&P 500, 3490 and 3510 Nasdaq, 6386 and 6758 Dow Transports, and 1007.25 and 1030.75 Russell 2000. The May 20 / May 22 highs are 15,542.40 Dow Industrials, 1687.18 S&P 500, 3532.04 Nasdaq, 6568.41 Dow Transports and 1008.23 Russell 2000.

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    Daily Dow:(14,910) Daily, quarterly and annual value levels are 14,425, 14,288 and 12,696 with weekly and monthly risky levels at 15,210 and 15,437, and the May 22 all time high at 15,542.40.

    S&P 500 - (1606.3) Daily, quarterly and annual value levels are 1548.1, 1525.6 and 1348.3 with weekly and monthly risky levels at 1642.6, 1669.0, and the May 22 all time high at 1687.18.

    NASDAQ - (3403) Daily, quarterly and annual value levels are 3277, 3284 and 2806 with weekly and monthly risky levels at 3490 and 3510, and the May 22 multi-year high at 3532.04.

    NASDAQ 100 (NDX) - (2910) Daily and annual value levels are 2796 and 2463 with weekly, monthly and quarterly risky levels at 2970, 2978 and 2983, and the May 22 multi-year high at 3053.51.

    Dow Transports - (6174) Daily, annual and quarterly value levels are 5936, 5925, 5469 and 5348 with weekly and monthly risky levels at 6386 and 6758 and the May 20 all time high at 6562.85.

    Russell 2000 - (977.48) Daily, quarterly and annual value levels are 938.17, 863.05, 860.25 and 809.54 with weekly and monthly risky levels at 1007.25 and 1030.75 and the May 22 high at 1008.23.

    The SOX- (468.43) Daily, quarterly and annual value levels are 448.31, 404.59 and 338.03 with weekly and monthly risky levels at 482.73 and 496.16.

    Dow Utilities:(485.90) Daily and weekly value levels are 465.05 and 454.60 with a monthly pivot at 489.78, and quarterly, semiannual and annual risky levels at 510.38, 523.33 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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