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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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  • No New Highs As The Major Averages Have Overbought Daily Charts. 0 comments
    Jul 24, 2013 5:20 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (2.586) Weekly and semiannual value levels are 2.817 and 3.227 with my annual pivot at 2.476, and daily, monthly, annual and semiannual risky levels at 2.466, 2.284, 1.981 and 1.719.

    Comex Gold - ($1320.7) Monthly and weekly value levels are $1289.4 and $1233.1 with a daily pivot at $1326.2, and annual, quarterly and annual risky levels at $1599.9, $1603.0 and $1852.1.

    Nymex Crude Oil - ($105.25) Monthly and quarterly value levels are $101.69 and $91.75 with a weekly pivot at $106.56 and daily, semiannual and annual risky levels at $107.24, $109.84 and $115.23.

    The Euro - (1.3196) Semiannual and quarterly value levels are 1.2477 and 1.1545 with daily, weekly, monthly and annual risky levels at 1.3247, 1.3265, 1.3231 and 1.3257.

    This week's value levels are 15,104 Dow Industrials, 1638.4 S&P 500, 3511 Nasdaq, 6299 Dow Transports and 1023.98 Russell 2000 with monthly pivots at 15,437 Dow Industrials, 1669.0 S&P 500, 3510 Nasdaq and 1030.75 Russell 2000 and monthly risky level at 6758 on Dow Transports. My quarterly value levels are 14,288 Dow Industrials, 1525.6 S&P 500, 3284 Nasdaq, 5348 Dow Transports and 863.05 Russell 2000. My annual value levels are 12.696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports and 809.54 Russell 2000. My semiannual risky levels are 16,490 Dow Industrials, 1743.5 S&P 500, 3759 Nasdaq, 7104 Dow Transports and 1089.42 Russell 2000.

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    Daily Dow:(15,542) Monthly, weekly, quarterly and annual value levels are 15,437, 15,104, 14,288 and 12,696 with a daily pivot at 15,579, the July 23 all time high at 15,604.22, and my semiannual risky level at 16,490.

    S&P 500 - (1685.9) Monthly, weekly, quarterly and annual value levels are 1669.0, 1638.4, 1525.6 and 1348.3 with the July 23 all time high at 1698.78, a daily risky level at 1693.4, and my semiannual risky level at 1743.5.

    NASDAQ - (3580) Weekly, monthly, quarterly and annual value levels are 3511, 3510, 3284 and 2806 with the July 18 multi-year high at 3624.54, a daily risky level at 3590, and semiannual risky level at 3759.

    NASDAQ 100 (NDX) - (3041) Quarterly, monthly, weekly and annual value levels are 2983, 2978, 2973 and 2463 with the July 18 multi-year high at 3091.21, a daily pivot at 3040, and semiannual risky level at 3304.

    Dow Transports - (6442) Weekly, annual / quarterly value levels are 6299, 5925, 5469 / 5348 with the July 19 all time high at 6608.87, daily risky level at 6565, monthly risky level at 6758, semiannual risky level at 7104.

    Russell 2000 - (1043.83) Monthly, weekly, quarterly / annual value levels are 1030.75, 1023.98, 863.05, 860.25 and 809.54 with the July 23 all time high at 1056.86, and daily / semiannual risky levels at 1056.43 / 1089.42.

    The SOX- (474.69) Quarterly and annual value levels are 404.59 and 338.03 with daily, weekly and monthly risky levels at 480.04, 488.05 and 496.16, and semiannual risky level at 533.56.

    Dow Utilities:(499.70) Monthly and weekly value levels are 489.78 and 478.45 with daily, quarterly, semiannual and annual risky levels at 510.35, 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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