Richard Suttmeier's  Instablog

The Dow Industrial Average is below weekly and quarterly pivots at 12, 000, 000 Predictions, 003 Dow Industrials, 033 shifts the weekly chart to negative with my quarterly pivot at 12, 104 and 802.51 with weekly risky levels at 1406.6 SPX, 104 and the Russell 2000 closed above its weekly pivot at 802.51. Weekly risky levels remain at 1406.6 SPX, 104 Dow Industrials, 1375.7 SPX, 1376.3 SPX, 1376.4 SPX, 1397.0 S P 500, 1406.6 SPX, 200-day SMA, 2011, 210 and May’s risky level at 13, 210. , 2999 NASDAQ, 3002 NASDAQ, 3041 NASDAQ, 3097 NASDAQ, 3097 NASDAQ and 5326 Dow Transports., 3097 NASDAQ and 5326 Dow Transports. , 312. A weekly close below my annual pivot at 1363.2 is negative. , 312. The S P 500 is below my annual pivot at 1363.2 with my quarterly pivot at 1337.7., 338.66 shy of May’s risky level at 13, 354 Dow Industrials, 354 with this week’s pivot at 13, 354., 354. The S P 500 is between my monthly pivot at 1397.0 and weekly risky level at 1415.8. , 491, 491 and S P 500 1210.7, 5000 stocks in SPX, 507, 5228 Dow Transports and 812.71 Russell 2000. , 5229 Dow Transports and 811.00 Russell 2000. This keeps the Bull versus Bear Debate alive and kicking. , 5232 Dow Transports, 5326 Dow Transports and 802.51. , 5385 Dow Transports and 813.56 Russell 2000. , 692 and 12, 775 for the Dow Industrial Average, 794 and 12, 794 and annual value level at 12, 794 and my monthly risky level at 13, 794 with my annual value level at 1, 798 with my annual value level at 12, 944 Indicates Risk To 11, 964 Dow Industrials, 977, 978 Dow Industrials,

987 Dow Industrials, 998 and 5229 respectively. , A Dow Close Below 11, A Market Top will occure this week, A weekly close below my annual pivot at 1363.2 on SPX shifts the US stock market to negative. , A weekly close below my annual pivot at 1363.2 on the S P 500 negates the strength we had after the March 9th weekly close above that level. This would confirm my market call that the subsequent strength would be short-lived., A weekly close on Dow Industrials below 13, above 1377.5 SPX, above 3006 NASDAQ, above 5228 Dow Transports and below 820.05 Russell 2000. , All major averages ended last week with negative weekly chart profiles. The S P 500 ended the week below my annual pivot at 1363.2. , and 816.31 Russell 2000., and “May Day” was an example of this call. Dow Industrials set a new 2012 high at 13, Apple had a Key Reversal on Wednesday., Apple Shares Should Get Sliced, Bank Failure Friday, Banking, Banks, Beige Book, Bernanke News Conference May Generate a ValuEngine Valuation Warning, Beware that Transports and Small Caps lag versus 2011 all time highs., Bloomberg Presentation, Both fundamentals and technicals are positive, Bull vs Bear Debate, but 50-day SMAs are barriers, but Buyers Beware, but ended the week below 836.15. , but failed to have a weekly close above 836.15., but keep in mind that on October 4th 93.5 were undervalued. A factor is the low 30-Year bond yield at 2.90 . , but not as cheap as on October 4th, but the technicals are weak, but weekly charts are negative, but with negative technicals, Buy and Trade using Fundamentals, Capital Market Themes, Capital Markets - Suttmeier AAII Presentation, Capital Markets React to Libya, Case-Shiller, Charts for SPX, Cheap Fundamentals and Positive Technicals Equals Underlying Market Strength, Cheap Fundamentals Keep Low End of Trading Ranges in tact, Cheap Fundamentals Stabilize Stocks After New Lows, Cheap Fundamentals Trump Weak Technicals, Cheap Stocks - Key Supports Loom, Cheap Valuations Trump Weak Technicals at Market Lows, Cisco Earnings, Closes today below the five-week modified moving averages would be negative; 12, Commodities, Commodity Bubbles Burst, Community Banks Sink Under TARP,

Confidence and Home Prices, Confirm a top for US equities, Congressional Oversight Panel, Consumer Confidence, crude oil and the Dow, Crude Oil and the Euro, Currencies Equities, Daily Chart is Overbought, Daily Charts, Daily Charts are no longer overbought, Daily Charts have Overbought 12x3x3 Slow Stochastic Readings, Declining Home Prices, Defining Recessions, Deposit Insurance Fund, Deteriorating Technicals for Stocks, Dollar, Dow 10, Dow Industrials and Transports provided stabilizing forces for stocks on Monday ending the day straddling 50-day simple moving averages at 12, Dow is overvalued and overbought, Dow is trying to lead S P NASDAQ, Dow Risky Level Looms at 12, Dow Theory, Dow Theory Buy Signal, Dow Theory Buy Signal. QE2, Dow Transports and Russell 2000 continue to be a drag on equities, Dow Transports are a drag ending last week below its 50-day simple moving average., Dow Transports provide a negative divergence for stocks, Dow Transports shows declining momentum on its weekly chart, Earnings Bar is Low for Q3 Earnings Season, Earnings Season Begins with Cheap Valuations and Positive Daily Technicals, Equity Averages Approach Risky Levels, Equity Fundamentals Remain Overvalued, Equity Indices closed below all 50-day and 200-day simple moving averages on Monday., Euro vs Dollar is a drag, Existing Home Sales, Fannie and Freddie, FDIC, FDIC Quarterly Banking Profile, Fed is worried about lower housing wealth, Fed Minutes, FHFA Serious Delinquencies, Fibonacci versus Dow Theory, Financial Regulations Mortgage Applications, Five-Week Modified Moving Averages Hold, Florida "Dirt Bonds", Following the Technicals for the US Capital Markets, Ford as a Proxy for GM, Foreclosure Mess Hurts Banks, Foreclosures, Forget those Dow 15,

Freddie Mac costs rise. Financia Reform too small for "too big to fail", Friday's Key Reversals - Gold, Friday’s closes straddled five-week modified moving averages, Friday’s closes were between five-week modified moving averages at 12, Fundamentals and Technicals ae Stretched, Fundamentals and Technicals for the US Capital Markets, Fundamentals are neutral / Daily Technicals are negative, Going into Apple’s blow-out earnings report, Gold, Gold and Crude Oil, Gold declined from $1655.2 the Troy ounce to $1638.1 staying below the “death cross” defined by the 50-day simple moving average at $1689.0 being below the 200-day simple moving average at $1694.8. , Gold has a monthly value level at $1525.8 the Troy ounce with annual pivot at $1575.8 and weekly risky level at $1612.6. The “Death Cross” that signaled this down side began on April 17th., Gold is back below its 200-day simple moving average, Gold rebounded above my annual pivot at $1575.8 this morning. In my Wednesday TheStreet.com story, Handicaping Earnings, Home Forclosures Surged in July, Home Foreclosures Set To Rise Again, Home Prices, Home Prices on the Decline, Home Repossessions, Homebuilders against Healthcare, Housing, Housing and Banking, Housing and Banking Problems Continue, Housing and Community Banks Key Recovery, Housing and Community Banks will drag the economy, Housing and FDIC Quarterly Banking Profile, Housing Data, Housing Market, Housing Market and Community Banks, Housing Remains An Economic Drag, I called for choppy trading in May, I recommended buying gold for a short-term trade., I will have new Weekly, If gold falls below $1672 beware of a "death cross"., If Industrials, Just because there’s a death cross in gold does not mean that you can’t profit from buying gold at my semiannual pivot at $1635.8 – This strategy has worked at least ten times year to date. , Keep in mind that a weekly close on the S P 500 below my annual pivot at 1363.2 is bearish., Key Levels, Key Reversal for Gold, Key to continued stock rally shifts to Transports and Small Caps, Last week was the third week in a row where the Russell 2000 traded above my annual pivot at 836.15 on a Monday, Look at my new monthly Value and Risky Levels, Look at the Gold Chart versus its 200-day simple moving average, Look at the major equity averages to analyze breakout or fakeout, Lower weekly closes for the Dow and SPX confirm weekly key reversals, Market reactions to Debt Ceiling Deal, Market Strength but No Breakout, Market Volatility in the face of US Credit Downgrade, Markets and The FOMC,

Markets in trading ranges, Mixing Technicals with Fundamentals, Monthly and Quarterly Levels on Monday, More reasons for stocks to begin a new Bear Market, Mortgage Applications, Mortgage forclosures, My "Pop then Drop" Prediction Remains in Place, My annual pivot at 1363.20 on S P is the major focus today., My prediction remains that Dow Transports and Russell 2000 will continue to lag 2011 all time highs at 5627.85 set on July 7th and 868.57 set on May 2nd. , NAHB Housing Market Index, NASDAQ 5000, NASDAQ and Russell 2000 outweigh 30 Dow components, Negative Daily Charts / Neutral Fundamentals, Negative Technicals, Negative Technicals Trump Cheap Fundamentals, New Home Sales, New Monthly and Quarterly Levels Today, New monthly risky levels / pivots are 13, New ValuEngine Sectors, no longer undervalued, Not So Cheap Valuations, Only 63 of stocks are undervalued down from 93.5 on October 4, OREO, Overbought with Risky Levels, Oversold Stock Market, Payrolls key Breakout or False Breakout, Positive Fundamental, Positive Fundamentals, Positive stocks Crude Oil, Positive Technicals, Possible Technical Breakout for Dow SPX, Problems ahead in Twenty-Ten, QE2, QE2 equals Commodity Inflation, QE2 is Failing and Treasury yields rise, Quarterly Risky Levels Loom For Stocks, Range Bound Trading for November December, Range-bound trading continues, Reating to Bernanke Speach, Risk Aversion Is Still Alive, Risk Off / Risk On Describes Day To Day Volatility, Risky Levels Loom for the Major Equity Averages, Santa Claus Rally Potential Continues, Semiconductors, Sideways to Up Until Payrolls, Small Caps, Small caps fail to stay above the key 836.15 annual pivot, Small Caps key stock market rally., small caps Semiconductors, Stability Needed to keep Weekly Charts Positive,

Stock Market, Stocks Approach Upper Limits, Stocks are as cheap as they were in March 2009, Stocks are Cheap, Stocks are cheap, Stocks are Cheap According to ValuEngine, Stocks are Cheap according to ValuEngine, Stocks are cheap and oversold, Stocks are cheap. Daily charts are overbought, Stocks are Extremely Undervalued, Stocks are fairly valued, Stocks are fundamentally cheap and oversold, Stocks are fundamentally overvalued and technically overbought, Stocks are in a topping out pattern, Stocks are less attractive fundamentally, Stocks are nearing the high end of trading ranges, Stocks are no longer cheap fundamentally, Stocks are no longer oversold, Stocks are not as cheap as they were on October 4th, Stocks are not cheap, Stocks are not cheap according to ValuEngine., Stocks are not cheap and last week's highs could be 2012 highs., Stocks are not cheap given global uncertainties, Stocks are oversold undervalued, Stocks are overvalued and ovebought, Stocks are Overvalued and Overbought, Stocks are overvalued fundamentally and overbought technically., Stocks are Overvalued Overbought, Stocks are Poised for a Technical Breakout, Stocks are Rolling Over, Stocks below their 200-day simple moving averages, Stocks follow crude oil higher, Stocks get cheaper as the 30-Year bond yield slides, Stocks have rising value levels and declining risky levels., Stocks rebounded on Tuesday and the major averages are back straddling their 50-day simple moving averages at; above 13, Stocks remain cheap, Stocks Remain Cheap, Stocks remain cheap fundamentally with 72.0 of all stocks undervalued, Stocks remain in trading ranges, Stocks Remain in Trading Ranges, Stocks remain overvalued and overbought, Stocks remain overvalued fundamentally and overbought technically, Stocks remain undervalued but overbought, Stocks Remains overvalued and overbought, Stop Bernanke's QE2, Strong Open for Markets Will Provide Early Test of Key Levels for 2012, TARP, Techncals for the US Capital Markets, Technical Analysis, Technical Analysis of the US Captial Markets,

Technicals are Important, Technicals for the US Capital Markets, Technicals for the US Capital Markets - Monthly Charts, Technicals for US Capital Markets, Technicals for US Stocks are Bearish, Technicals Levels, Technicals of the US Capital Markets, Technicals on the US Capital Markets, Technicals Remain Weak, Technicals shifting to more positive while fundamentals become less attractive, The 50-day Simple Moving Averages are the Current Ksy Levels, The daily charts for the major equity averages remain overbought, The Dollar, The Dollar Carry Trade, the Dow, The Dow - Breakout or Fake-out, The Dow and S P 500 set to challenge key levels to the upside, The Dow Industrial Average and Russell 2000 are above weekly pivots at 13, The Dow Industrial Average is below my quarterly and weekly pivots at 12, The Dow Industrial Average tested my weekly risky level at 13, The Dow Industrials is between my weekly pivot at 13, The Dow will not see a new high for 2011, The Earnings Bar is Raised, The Economy from the Road, the euro, The FDIC Should Be Investigated, The Great Credit Crunch, The Great Credit Crunch Continues, The key levels are 11491 Dow and 1210.7 SPX, The Major Averages are below their 50-day simple moving averages, The Mortgage Mess Will Continue in 2011, The Multi-Year Bear Market for Stocks, The overvalued / overbought stock market, The Parabolic Bubble for Gold has Popped, The Power of the Annual Pivots, The Power of the Annual Pivots - 11491 Dow / 1210.7 SPX, The Power of the Pivots, The risk / reward for stocks is shifting to negative, The S P 500 held its key quarterly pivot at 1305.4, The Technicals for the US Capital Markets, The Technicals in September, The US Capital Markets, The ValuEngine Forecasting Model Generates Additional BUY Rated Stocks, The ValuEngine Valuation Warning Intensifies, The Wall Street Greed Tax, The Weak NAHB Housing Market Index, then Weekly Risky Levels are Tested, Thirteen of Sixteen Sectors are Overvalued, This could be the third week in a row where the Russell 2000 traded above my annual pivot at 836.15 on a Monday, This week’s risky levels are; 13,

Tracking Risk Aversion, Tracking the Technicals, Tracking the Technicals for the US Capital Markets, Trade the ranges among the US Captial Markets, Trading Ranges - No New Highs in 2012 , Trading Ranges Remain In Play, Transports, Transports and Russell 2000 still lag all time highs set in 2011, Transports and Small Caps are a drag on stocks, Transports and Small Caps stay below their 50-day SMAs the risk is to the 50-day SMAs at 1371 SPX and 2985 NASDAQ., Transports lag - Up just 3.0 year to date, Transports Play Catch-up, Undervalued, US Capital Markets, US Capital Markets and Egypt, Valuations, Valuations are not cheap, Valuations have shifted to Negative, ValuEngine had a BUY rating for the stock with a $621.29 one-year price target. Weakness to $555.00 during the day Tuesday was above my quarterly value level at $548.88. This week’s risky level is $645.68., ValuEngine shows 46.3 of all stocks undervalued down from 60 two weeks ago., ValuEngine Valuation Warning, ValuEngine Valuation Warning Continues, ValuEngine Valuation Warnng, ValuEngine Valuations, ValuEngine Valuations as a Market Timing Tool, Volatility is a Sign of Risk Aversion, Warren Buffett, Watch Dow 11, Watch NASDAQ 2688, Watch the 200-day simple moving averages, Watch the 50-day SMA at 11, Watch the Dow's 200-day at 11, Watch these levels as stocks react to the Employment Data this morning. The Dow Industrials is between my quarterly value level at 12, Watching for Dow 13K, We are near the upper end of the trading ranges, We need weekly cloaes above 5-week MMAs to keep weekly charts positive, Weak Technicals, Weak Technicals Trump Cheap Fundamentals, Weekly Charts, Weekly Charts are set up for a positive weekly closes, Weekly Charts for the equity averages are on the cusp of neutral / negative closes, Weekly Charts Remain Positive, Weekly Charts remain positive on closes today above five-week modified moving averages, Weekly Charts Remains Overbought / 14 of 16 Sectors are Overvalued, Weekly Technicals will likely be positive., What happened last Thursday, which is an important negative for stocks. Below the five-week MMA are; 12, While Technicals Remain Overbought, Will Payrolls Trump Weak Euro , Wilmington Trust,

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