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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 Dow Stays Above Its Monthly Pivot At 15,437, But No New High 0 comments
    Jul 17, 2013 5:17 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (2.493) Weekly and semiannual value levels are 2.800 and 3.227 with annual, daily, monthly, annual and semiannual risky levels at 2.476, 2.439, 2.284, 1.981 and 1.719.

    Comex Gold - ($1275.0) My weekly value level is $1268.6 with a monthly pivot at $1289.4, and daily, annual, quarterly and annual risky levels at $1318.9, $1599.9, $1603.0 and $1852.1.

    Nymex Crude Oil - ($106.54) Monthly, weekly and quarterly value levels are $101.69, $100.76 and $91.75 with daily, semiannual and annual risky levels at $107.50, $109.84 and $115.23.

    The Euro - (1.3123) Semiannual and quarterly value levels are 1.2477 and 1.1545 with daily, weekly, monthly and annual risky levels at 1.3209, 1.3293, 1.3231 and 1.3257.

    With Dow Industrials above its monthly pivot at 15,437 the upside is ts May 22 all time high at 15,542.40. The S&P 500 came close to its May 22 all time high at 1687.18 once again with the Dow Transports well shy of its May 20 all time high at 6562.85. Monthly pivots are 1669.0 S&P 500, 3510 Nasdaq and 1030.75 Russell 2000 with a monthly risky level at 6758 on Dow Transports. This week's value levels are 14,981 Industrials, 1608.4 S&P, 3445 Nasdaq, 6070 Transports and 994.17 Russell 2000. Quarterly value levels are 14,288 Industrials, 1525.6 S&P, 3284 Nasdaq, 5348 Transports and 863.05 Russell 2000. Annual value levels are 12.696 Industrials, 1348.3 S&P, 2806 Nasdaq, 5469 Transports and 809.54 Russell 2000. Semiannual risky levels are 16,490 Industrials, 1743.5 S&P, 3759 Nasdaq, 7104 Transports and 1089.42 Russell 2000.

    /

    Daily Dow:(15,471) Weekly, quarterly / annual value levels are 14,981, 14,288 / 12,696 with my monthly pivot at 15,437, May 22 all time high at 15,542.40, daily risky level at 15,668, my semiannual risky level at 16,490.

    S&P 500 - (1680.9) Weekly, quarterly / annual value levels are 1608.4, 1525.6 / 1348.3 with a monthly pivot at 1669.0, May 22 all time high at 1687.18, a daily risky level at 1706.2, and my semiannual risky level at 1743.5.

    NASDAQ - (3610) Weekly, quarterly and annual value levels are 3445, 3284 and 2806 with a monthly pivot at 3510, a daily risky level at 3657, and semiannual risky level at 3759.

    NASDAQ 100 (NDX) - (3085) Quarterly, monthly, weekly and annual value levels are 2983, 2978, 2930 and 2463 with a daily risky level at 3130, and semiannual risky level at 3304.

    Dow Transports - (6473) Weekly, annual / quarterly value levels are 6070, 5925, 5469 and 5348 with daily and monthly risky levels at 6572 and 6758, the May 20 all time high at 6562.85 and semiannual risky level at 7104.

    Russell 2000 - (1042.53) Weekly, quarterly and annual value levels are 994.17, 863.05, 860.25 and 809.54 with a monthly pivot at 1030.75, and daily / semiannual risky levels at 1057.84 / 1089.42.

    The SOX- (491.58) Weekly, quarterly and annual value levels are 474.20, 404.59 and 338.03 with a daily pivot at 491.51, a monthly risky level at 496.16, and semiannual risky level at 533.56.

    Dow Utilities:(502.38) Monthly and weekly value levels are 489.78 and 457.58 with daily, quarterly, semiannual and annual risky levels at 515.37, 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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