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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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  • Stocks May Confirm Significant Highs This Week.  1 comment
    Feb 1, 2014 9:09 AM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    US Treasury Yields - The yield on the US Treasury 10-Year note (2.666%) set a 2014 low at 2.646% on Friday, below its 21-day and 50-day SMAs at 2.842% and 2.847% with a quarterly risky level at 2.628% and the 200-day SMA at 2.541%. The weekly chart still favors lower yields with its five-week MMA at 2.798% and the 200-week at 2.448%. The yield on the US Treasury 30-Year bond (3.621%) set a 2014 low at 3.594% on Friday, below its 21-day and 50-day SMAs at 3.770% and 3.830% testing its 200-day at 3.600%. The weekly chart still favors lower with its five-week MMA at 3.759% and 200-week at 3.566%.

    Comex Gold - ($1239.8) has a neutral daily chart with its 21-day, 50-day and 200-day SMAs at $1244.1 and $1236.4 and $1317.4. The weekly chart is neutral with its 5-week MMA at $1248.2.

    Nymex Crude Oil - ($97.49) has a positive but overbought daily chart with its 21-day, 50-day and 200-day SMAs at $94.86 and $95.97 and $99.17. The weekly chart is positive with its five-week MMA and 200-week SMA at $96.33 and $92.68.

    The Euro - (1.3554) has a negative daily chart with the 21-day, 50-day and 200-day SMAs at 1.3612, 1.3652 and 1.3376. The weekly chart is negative with five-week at 1.3599 and 200-week at 1.3312.

    Daily Dow:(15,699) has a negative but oversold daily chart with its 21-day, 50-day and 200-day SMAs at 16,244, 16,148 and 15,466. The weekly chart is negative with the five-week MMA at 16,060 and the 200-week at 12,886. My annual value levels are 14,835 and 13,467 with monthly, semiannual and monthly pivots at 15,986 and 16,245, the Dec. 31 all-time intraday high at 16,588.25 and quarterly and semiannual risky levels at 16,761 and 16,860.

    S&P 500 - (1782.6) has a negative daily chart with the 21-day, 50-day and 200-day SMAs at 1822.3, 1812.4 and 1706.4. The weekly chart is negative with the five-week MMA at 1805.0 and the 200-week at 1385.0. Semiannual and annual value levels are 1764.4, 1539.1 and 1442.1 with a semiannual pivot at 1797.3, my monthly risky level at 1832.9, the Jan. 15 all-time intraday high at 1850.84, and quarterly risky level at 1896.0.

    NASDAQ - (4104) has a negative daily chart with the 21-day, 50-day and 200-day SMAs at 4154, 4095 and 3734. The weekly chart shifts to negative with a close this week below its five-week MMA at 4103. My semiannual and annual value levels are 3930, 3920, 3471 and 3063 with the Jan. 22 multiyear intraday high at 4246.55 and monthly and quarterly risky levels at 4267 and 4274.

    NASDAQ 100 (NDX) - (3532) has a negative daily chart with the 21-day, 50-day and 200-day SMAs at 3557, 3518 and 3204. The weekly chart shifts to negative with a close this week below its five-week MMA at 3522. My semiannual and annual value levels are 3458, 3456, 3078 and 2669 with a monthly risky level at 3639, the Jan. 22 multiyear intraday high at 3634.65 and quarterly risky level at 3714.

    Dow Transports - (7289) has a negative daily chart with 21-day, 50-day and 200-day SMAs at 7362, 7275 and 6690. The weekly chart shifts to negative with a close this week below the five-week MMA at 7289. My quarterly and annual value levels are 7086, 6249 and 5935 with a semiannual pivot at 7245, semiannual and monthly risky levels at 7376 and 7412 and the Jan.23 all-time high at 7591.43.

    Russell 2000 - (1130.88) has a negative daily chart with the 21-day, 50-day and 200-day SMAs at 1154.69, 1140.77 and 1057.49. The weekly chart shifts to negative with a close this week below the five-week MMA at 1142.02. My annual value levels are 966.72 and 879.39 with semiannual pivots at 1133.29, 1130.79, quarterly and monthly risky level at 1180.35 and 1189.18 and the Jan. 22 all-time intraday high at 1182.04.

    The SOX- (529.18) has a negative daily chart with the 21-day, 50-day and 200-day SMAs at 533.13, 522.22 and 487.89. The weekly chart shifts to negative with a close this week below its five-week MMA at 525.08. My semiannual and annual value levels are 490.52, 371.58 and 337.74 with monthly, quarterly and semiannual risky levels at 548.36.

    Dow Utilities(506.26) has a positive daily chart with the 21-day, 50-day and 200-day SMAs at 491.86, 489.40 and 494.02. The weekly chart is positive with the five-week MMA at 493.59. My annual and quarterly value levels are 497.53 and 496.84 with monthly and semiannual pivots at 504.53 and 504.74 with semiannual and annual risky levels at 524.37 and 548.70.

    To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact me at RSuttmeier@gmail.com.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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    So what are you trying to say?
    1 Feb, 09:46 AM Reply Like
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