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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 Sets An All Time High - Nasdaq At A Multi-Year High.  0 comments
    Jul 31, 2013 5:56 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (2.586) Daily, weekly and semiannual value levels are 2.648, 2.788 and 3.227 with a monthly pivot at 2.601 and annual, monthly, annual and semiannual risky levels at 2.476, 2.284, 1.981 and 1.719.

    Comex Gold - ($1322.3) Monthly and weekly value levels are $1229.7 and $1227.7 with daily, annual, quarterly and annual risky levels at $1364.1, $1599.9, $1603.0 and $1852.1.

    Nymex Crude Oil - ($105.19) Daily, monthly and quarterly value levels are $102.19, $101.69 and $91.75 with a monthly pivot at $104.48, and weekly, semiannual and annual risky levels at $110.87, $109.84 and $115.23.

    The Euro - (1.3301) Semiannual and quarterly value levels are 1.2477 and 1.1545 with daily, weekly, monthly and annual pivots at 1.3367, 1.3259, 1.3313, and 1.3257, and annual risky level at $1.4295.

    The Dow Industrial Average set a new all time high at 15,634.32 as the Nasdaq set a new multi-year high at 3649.35. My weekly value levels are 15,393 Dow Industrials, 1670.7 S&P 500, 3554 Nasdaq, 6420 Dow Transports and 1037.98 Russell 2000 with new monthly risky levels at 16,188 Dow Industrials, 1742.5 S&P 500, 3663 Nasdaq, 7087 Dow Transports and 1092.24 Russell 2000. 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 6.4% and the downside risk is 18.1%.

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    Daily Dow:(15,500) Weekly, quarterly and annual value levels are 15,393, 14,288 and 12,696 with a daily pivot at 15,526, the July 31 all time high at 15,634.32, and monthly / semiannual risky levels at 16,188 and 16,490.

    S&P 500 - (1685.7) Weekly, quarterly and annual value levels are 1670.7, 1525.6 and 1348.3 with a daily pivot at 1685.4, the July 23 all time high at 1698.78, and monthly and semiannual risky levels at 1742.5 and 1743.5.

    NASDAQ - (3626) Weekly, quarterly and annual value levels are 3554, 3284 and 2806 with the July 31 multi-year high at 3649.35, and monthly and semiannual risky levels at 3663, 3668 and 3759.

    NASDAQ 100 (NDX) - (3090) Weekly, quarterly and annual value levels are 3010, 2983 and 2463 with monthly and daily pivots at 3080 and 3088, the July 31 multi-year high at 3110.01, and semiannual risky level at 3304.

    Dow Transports - (6462) Daily, annual and quarterly value levels are 6346, 5925, 5469 and 5348 with a weekly pivot at 6420, the July 19 all time high at 6608.87, and monthly / semiannual risky levels at 7087 / 7104.

    Russell 2000 - (1045.26) Weekly, quarterly / annual value levels are 1037.98, 863.05, 860.25 / 809.54 with a daily pivot at 1044.37, July 23 all time high at 1056.86, monthly / semiannual risky levels at 1092.24 / 1089.42.

    The SOX- (477.78) Daily, quarterly and annual value levels are 468.27, 404.59 and 338.03 with a weekly pivot at 479.02, and monthly and semiannual risky levels at 513.89 and 533.56.

    Dow Utilities:(503.97) Daily and weekly value levels are 502.75 and 500.04 with quarterly, semiannual, monthly and annual risky levels at 510.38, 523.33, 530.15 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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