10-Year Note - (2.216) Weekly and annual value levels are 2.276 and 2.502 with daily, semiannual, quarterly and monthly risky levels at 2.092, 1.903, 1.407 and 1.306.
Courtesy of Thomson / Reuters
Comex Gold - ($1667.5) Semiannual and annual value levels are $1635.8 and $1575.8 with daily, weekly and semiannual pivots at $1681.2, $1673.4 and $1659.5, and monthly and quarterly risky levels at $1763.7 and $1871.9.
Courtesy of Thomson / Reuters
Nymex Crude Oil - ($103.09) Quarterly, monthly and semiannual value levels are $101.55, $97.55 and $79.83 with annual and semiannual pivots at $103.58 and $104.84, daily, weekly and annual risky levels at $105.12, $112.64 and $117.00.
Courtesy of Thomson / Reuters
The Euro - (1.3341) Semiannual and monthly value levels are 1.2980 and 1.2529 with daily, weekly and quarterly pivots at 1.3368, 1.3345 and 1.3366, and annual and semiannual risky levels at 1.4239 and 1.4405.
Courtesy of Thomson / Reuters
Daily Dow: (13,212) Daily, quarterly, monthly, and annual value levels are 13,138, 12,794, 12,469 and 12,312 with a weekly pivot at 13,220 and annual risky level at 14,032.
Courtesy of Thomson / Reuters
S&P 500 - (1408.5) Annual, quarterly and monthly value levels are 1363.2, 1337.7, 1286.2 with daily and weekly pivots at 1405.1 and 1416.9 and annual risky level at 1562.9.
NASDAQ - (3092) Quarterly, monthly and annual value levels are 2911, 2770 and 2698 with daily, weekly and annual risky levels at 3111, 3114 and 3232.
NASDAQ 100 (NDX) - (2755) Quarterly, annual, monthly and annual value levels are 2608, 2603, 2507 and 2300 with daily and weekly risky levels at 2774 and 2799.
Dow Transports - (5253) Daily, weekly, monthly and semiannual value levels are 5235, 5082, 4748 and 4407 with quarterly, and annual risky levels at 5420 and 5861. The all time high was set at 5627.85 on July 11, 2011. A weekly close below its five-week modified moving average at 5219 shifts the weekly chart to negative.
Russell 2000 - (830.30) Weekly and monthly value levels are 815.36 and 726.19 with quarterly, daily and annual pivots at 836.22, 829.34 and 836.15. The all time high was set at 868.57 on May 2, 2011.
The SOX- (438.64) Weekly, quarterly and monthly value levels are 431.47, 416.01 and 397.34 with a daily pivot at 440.24 and annual risky level at 520.61. The 2011 high is 474.33 set on February 18, 2011.
ValuEngine Valuation Model:
- 50.3% of all stocks are undervalued / 49.1% of all stocks are overvalued. Back on October 4th - 93.5% of all stocks were undervalued.
- Fifteen of sixteen sectors are overvalued; four by double-digit percentages. Finance is 15.7% OV. Computers & Technology is 18.9% OV. Retail-Wholesale is 16.8% OV. Medical by 13.4%. 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."