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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  • Dow Transports Ended Monday Below Its Weekly Pivot At 6420. 0 comments
    Jul 29, 2013 5:15 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (2.587) Daily, weekly and semiannual value levels are 2.603, 2.788 and 3.227 with annual, monthly, annual and semiannual risky levels at 2.476, 2.284, 1.981 and 1.719.

    Comex Gold - ($1328.6) Monthly and weekly value levels are $1289.4 and $1227.7 with daily, annual, quarterly and annual risky levels at $1369.2, $1599.9, $1603.0 and $1852.1.

    Nymex Crude Oil - ($104.42) Monthly and quarterly value levels are $101.69 and $91.75 with daily, weekly, semiannual and annual risky levels at $105.64, $110.87, $109.84 and $115.23.

    The Euro - (1.3262) Semiannual and quarterly value levels are 1.2477 and 1.1545 with daily, weekly, monthly and annual pivots at 1.3307, 1.3240, 1.3259, 1.3231 and 1.3257, and annual risky level at $1.4295.

    The major averages straddle this week's levels at 15,393 Dow Industrials, 1670.7 S&P 500, 3554 Nasdaq, 6420 Dow Transports and 1037.98 Russell 2000 with semiannual risky levels are 16,490 Dow Industrials, 1743.5 S&P 500, 3759 Nasdaq, 7104 Dow Transports and 1089.42 Russell 2000. 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. For the Dow the upside is 6.0% and the downside risk is 18.4%.

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    Daily Dow:(15,522) Monthly, weekly, quarterly / annual value levels are 15,437, 15,393, 14,288 / 12,696 with the July 23 all time high at 15,604.22, a daily risky level at 15,620, and my semiannual risky level at 16,490.

    S&P 500 - (1685.3) Monthly, weekly, quarterly and annual value levels are 1669.0, 1670.7, 1525.6 and 1348.3 with the July 23 all time high at 1698.78, a daily risky level at 1698.6, and my semiannual risky level at 1743.5.

    NASDAQ - (3599) Daily, weekly, monthly, quarterly and annual value levels are 3584, 3554, 3510, 3284 and 2806 with the July 18 multi-year high at 3624.54, and semiannual risky level at 3759.

    NASDAQ 100 (NDX) - (3069) Daily, weekly, quarterly, monthly and annual value levels are 3032, 3010, 2983, 2978 and 2463 with the July 18 multi-year high at 3091.21, and semiannual risky level at 3304.

    Dow Transports - (6402) Annual and quarterly value levels are 5925, 5469 / 5348 with weekly pivot at 6420, daily risky level at 6509, July 19 all time high at 6608.87, and monthly / semiannual risky levels at 6758 / 7104.

    Russell 2000 - (1040.66) Weekly, monthly, quarterly / annual value levels are 1037.98, 1030.75, 863.05, 860.25 / 809.54 with the July 23 all time high at 1056.86, daily / semiannual risky levels at 1053.88 / 1089.42.

    The SOX- (469.97) Daily, quarterly and annual value levels are 465.58, 404.59 and 338.03 with weekly and monthly risky levels at 479.02 and 496.16, and semiannual risky level at 533.56.

    Dow Utilities:(505.78) Weekly, monthly and weekly value levels are 500.04, 489.78 and 478.45 with daily, quarterly, semiannual and annual risky levels at 507.41, 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

    Stocks: TLT, GLD, XLE, DIA, QQQ, SPY
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