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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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  • The Dow Holds My Annual Pivot At 12,312 As May Comes To A Close. 0 comments
    May 31, 2012 7:55 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The Key Levels for the US Capital Markets

    10-Year Note - (1.571) Daily, semiannual and monthly value levels are 1.681, 1.903 and 1.909 with quarterly and semiannual risky levels at 1.407 and 1.385.

    Comex Gold - ($1565.4) My annual value level is $1388.4 with daily, weekly and annual pivots at $1542.3, $1565.0 and $1575.8, and semiannual risky levels at $1635.8 and $1659.4. The 50-day and 200-day simple moving averages are $1625.4 and $1689.5. Gold held the $1535 to $1525 area for the third time since May 16th.

    Nymex Crude Oil - ($86.51) My semiannual value level is $79.83 with daily and weekly pivots at $88.47 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 $96.46.

    The Euro - (1.2363) My daily value level is 1.2280 with a weekly pivot at 1.2526, and monthly, semiannual and quarterly risky levels at 1.2815, 1.2980 and 1.3366.

    We ended May with the five monthly charts neutral for the major equity averages - the monthly closes were below all five-week modified moving averages, but momentum is not declining yet. My annual value level for the Dow Industrials remains 12,312 with my quarterly risky levels at 12,794 Dow Industrials, 1337.7 S&P 500 and 2911 NASDAQ. To have additional upside we need a weekly close for the S&P 500 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:(12,393) The 200-day simple moving average is 12,251 with my annual value pivot at 12,312, and my daily and quarterly risky levels at 12,581 and 12,794.

    S&P 500 - (1310.3) The 200-day simple moving average is 1284.1 quarterly, daily, annual, monthly and annual risky levels at 1337.7, 1339.5, 1363.2, 1504.8 and 1562.9.

    NASDAQ - (2827) My annual value level is 2698 with the 200-day simple moving average at 2756, and daily, quarterly, annual and monthly risky levels at 2905, 2911, 3232 and 3248.

    Dow Transports - (5075) The 200-day simple moving average is 4950 with daily and quarterly risky levels at 5256 and 5420, and the all time high set at 5627.85 on July 11, 2011.

    Russell 2000 - (761.82) The 200-day simple moving average is 755.99 with daily, quarterly and annual risky levels at 782.84, 829.34 and 836.15, and the all time high 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: We ended May with the five monthly charts neutral for the major equity averages – the monthly closes were below all five-week modified moving averages, but momentum is not declining yet. Stocks: TLT, GLD, XLE, DIA, QQQ, SPY
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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,
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