Seeking Alpha

Richard Suttmeier's  Instablog

Richard Suttmeier
1,191 Followers
2 Following
Send Message
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
My company:
ValuEngine
My blog:
valuengine.com/ve/ma...
  • The Yield On The 10-Year US Treasury Sets A Record Low At 1.610 Percent.  0 comments
    May 30, 2012 9:55 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The Key Levels for the US Capital Markets

    10-Year Note - (1.619) Daily and semiannual value levels are 1.736 and 1.903 with weekly, quarterly and semiannual risky levels at 1.556, 1.407 and 1.385. This yield hit an all time low at 1.610 on Wednesday.

    Comex Gold - ($1563.5) My daily, weekly and annual pivots are $1566.0, $1565.0 and $1575.8 with semiannual risky levels at $1635.8 and $1659.4. The 50-day and 200-day simple moving averages are $1627.2 and $1690.6. Gold held the $1535 to $1525 area for the third time since May 16th.

    Nymex Crude Oil - ($87.44) My semiannual value level is $79.83 with daily and weekly pivots at $88.30 and $92.64 and quarterly, annual and semiannual risky levels at $101.55, $103.58 and $104.84 and $108.53. Crude oil is below its 200-day SMA at $96.47.

    The Euro - (1.2363) Daily and weekly pivots are 1.2454 and 1.2526 with semiannual and quarterly risky levels at 1.2980 and 1.3366.

    The daily charts for the major equity averages moved to neutral from positive on Wednesday within the framework of negative weekly charts. My annual value level for the Dow Industrials is 12,312 with my quarterly pivots at 12,794 Dow Industrials, 1337.7 S&P 500 and 2911 NASDAQ. To negate the longer term sell signals the S&P 500 would have to have a weekly close above my annual pivot at 1363.2. A weekly close below 12,312 on the Dow Industrials indicates risk to my NASDAQ annual value level at 2698.

    Daily Dow:(12,581) My annual value level at 12,312 was tested and held on May 23rd. My weekly pivot was a magnet at 12,411 yesterday. Daily and quarterly risky levels are 12,508 and 12,794. The 200-day simple moving average is 12,246.

    S&P 500 - (1313.3) My weekly value level is 1303.4 with daily, quarterly and annual risky levels at 1327.2, 1337.7 and 1363.2. Weekly closes below 1363.2 provided the signal for the downside to 12,312 on the Dow.

    Dow Transports - (5030) My semiannual value level is 4407 with my weekly pivot at 5055, and daily and quarterly risky levels at 5137 and 5420. The all time high was set at 5627.85 on July 11, 2011.

    Dow Transports - (5139) Weekly, daily and semiannual value levels are 5055, 4978 and 4407 with monthly and quarterly risky levels at 5385 and 5420. The all time high; 5627.85 set on July 11, 2011.

    Russell 2000 - (762.00) My weekly value level is 748.79 with daily, quarterly and annual risky levels at 772.51, 829.34 and 836.88. The all time high was set at 868.57 on May 2, 2011.

    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

    Themes: My annual value level for the Dow Industrials is 12, 312 with my quarterly pivots at 12, 794 Dow Industrials, 1337.7 S P 500 and 2911 NASDAQ. Stocks: TLT, GLD, XLE, DIA, QQQ, SPY
Back To Richard Suttmeier's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

Latest Comments


Most Commented
Posts by Themes
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,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.