10-Year Note - (2.159) Weekly and annual value levels are 2.248 and 2.502 with daily, semiannual and quarterly risky levels at 2.104, 1.903 and 1.687.
Courtesy of Thomson / Reuters
Comex Gold - ($1660.3) My annual value level is $1575.8 with daily, weekly and semiannual pivots at $1661.4, $1675.7, $1659.5 and $1635.8, and quarterly and monthly risky levels at $1740.9 and $1888.4.
Courtesy of Thomson / Reuters
Nymex Crude Oil - ($103.22) Quarterly, monthly and semiannual value levels are $99.87, $97.96 and $79.83 with annual, semiannual and daily pivots at $103.58, $104.84 and $103.32, and weekly and annual risky levels at $110.42 and $117.00.
Courtesy of Thomson / Reuters
The Euro - (1.3296) Weekly, semiannual, monthly, and quarterly value levels are 1.3201, 1.2980, 1.2622, and 1.2499 with daily, annual and semiannual risky levels at 1.3314, 1.4239 and 1.4405.
Courtesy of Thomson / Reuters
Daily Dow: (13,146) Daily, quarterly, annual, monthly and semiannual value levels are 13,045, 12,478, 12,312, 11,903, 8,425 and 8,336 with weekly and annual risky levels at 13,315 and 14,032.
Courtesy of Thomson / Reuters
S&P 500 - (1403.3) Annual, quarterly, monthly and semiannual value levels are 1363.2, 1305.4, 1222.5, 841.7 and 829.9 with a daily pivot at 1399.0, and weekly and annual risky levels at 1428.9 and 1562.9.
NASDAQ - (3095) Quarterly, annual, monthly and semiannual value levels are 2777, 2698, 2651, 2012 and 1952 with daily, weekly and annual risky levels at 3104, 3157 and 3232.
NASDAQ 100 (NDX) - (2762) Annual, monthly, quarterly, annual and semiannual value levels are 2603, 2428, 2422, 2300, 1851 and 1743 with daily and weekly risky levels at 2776 and 2810.
Dow Transports - (5256) Daily, weekly, monthly and semiannual value levels are 5172, 5124, 4470, 4407 and 3778 with quarterly, and annual risky levels at 5448, 5861 and 6111. The all time high was set at 5627.85 on July 11, 2011. A weekly close below its five-week modified moving average at 5212 shifts the weekly chart to negative.
Russell 2000 - (832.24) Monthly and semiannual value levels are 684.13, 572.90 and 510.81 with daily, quarterly and annual pivots at 827.92, 829.03 and 836.15, and weekly risky level at 847.77. The all time high was set at 868.57 on May 2, 2011.
The SOX- (436.83) Quarterly, monthly, annual and semiannual value levels are 390.17, 323.52, 269.80, 277.90 and 194.47 with daily and weekly pivots at 436.00 and 443.09, and annual risky level at 520.61. The 2011 high is 474.33 set on February 18, 2011.
ValuEngine Valuation Model:
- 52.1% of all stocks are undervalued / 47.9% of all stocks are overvalued. Back on October 4th - 93.5% of all stocks were undervalued.
- Thirteen of sixteen sectors are overvalued; four by double-digit percentages. Finance is 15.0% OV. Computers & Technology is 19.2% OV. Retail-Wholesale is 16.5% OV. Medical is 15.3%. Back in March 2009 all sectors were undervalued by 33% to 45%.
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ValuEngine FDIC Evaluation Report - In this report I slice and dice the FDIC Quarterly Banking Profile. We publish a ValuEngine List of Problem Banks in this publication: http://www.valuengine.com/nl/mainnl?nl=C My special report dissecting the Q4 2011 FDIC Quarterly Banking Profile was posted on March 7th. I track the continuing slow improvement to the housing market and banking system, but recognize that we are not out of the woods.
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Definition of MOJO - This is my term for technical momentum. I use what's called "12x3x3 slow stochastic readings" from daily, weekly and monthly charts. The scale is zero to 10.0 where above 8.0 is overbought and below 2.0 is oversold.
Buy and Trade Strategies for Long Positions
- Value Level - The price at which you establish an additional long position on share price weakness. This is done on a GTC Limit Order to buy weakness to the Value Level.
- Risky Level - The price at which you remove a single long position or reduce a multiple long position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level.
Buy and Trade Strategies for Short Positions
- Value Level - The price at which you remove a single short position or reduce a multiple short position on share price weakness. This is done on a GTC Limit Order to buy weakness to the Value Level.
- Risky Level - The price at which you establish an addition short position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level.
Richard Suttmeier
Chief Market Strategist
ValuEngine.com
(800) 381-5576
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As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website ValuEngine.com. I have daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go to http://www.valuengine.com/nl/mainnl to review sample issues and find out more about my research.
"I Hold No Positions in the Stocks I Cover."