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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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  • Reversal-oriented Trading Influenced By My Weekly Pivots Should Continue. 0 comments
    Jun 5, 2012 5:25 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The Key Levels for the US Capital Markets

    10-Year Note - (1.568) tested a new all time low yield at 1.439 last Friday. Semiannual and monthly value levels are 1.903 and 1.909 with daily, quarterly, semiannual and weekly risky levels at 1.498, 1.407, 1.385 and 1.370.

    Comex Gold - ($1620.0) My annual value level is $1388.4 with my annual pivot at $1575.8, daily and weekly pivots at $1617.7 and $1612.1, and semiannual and monthly risky levels at $1635.8, $1659.4 and $1695.4. My quarterly risky level is $1871.9. Gold held the base of the popped bubble at $1535 to $1525. The 50-day and 200-day moving average "Death Cross" is at $1622.7 and $1686.5.

    Nymex Crude Oil - ($84.20) My semiannual value level is $79.83 with daily and weekly pivots at $83.41 and $86.55 and quarterly, annual and semiannual risky levels at $101.55, $103.58 and $104.84. Crude oil set a new YTD low Monday at $81.21versus the 200-week SMA at $81.11.

    The Euro - (1.2447) My daily value level is 1.2312 with weekly, monthly, semiannual and quarterly risky levels at 1.2646, 1.2815, 1.2980 and 1.3366. The June 2010 low is 1.1880.

    Holding my weekly pivots at 1278.3 S&P 500 and 736.52 Russell 2000 targets my weekly pivot at 4903 Dow Transports, then my weekly risky level at 12,279 Dow Industrials then my annual pivot at 12,312 Dow. Under 1278.3 SPX and 736.52 small caps is risk to my weekly and annual value levels at 2716 and 2698 on the NASDAQ. My call for this week remains the same - Reversal-oriented trading around the weekly pivots.

    Daily Dow:(12,128) No nearby value levels with a daily pivot at 12,138, a weekly risky level at 12,279, the 200-day simple moving average at 12,263, my annual pivot at 12,312, and quarterly risky level at 12,794. Annual and monthly risky levels are 14,032 and 14,201.

    S&P 500 - (1285.5) My weekly and daily pivots are 1278.3 and 1286.0, the 200-day simple moving average at 1285.7, and quarterly, annual, monthly and annual risky levels at 1337.7, 1363.2, 1504.8 and 1562.9.

    NASDAQ - (2778) Weekly and annual value levels are 2716 and 2698 with a daily pivot at 2767, the 200-day simple moving average at 2761, and quarterly, annual and monthly risky levels at 2911, 3232 and 3248.

    Dow Transports - (4869) No nearby value levels with daily and weekly pivots is 4917 and 4903, the 200-day simple moving average at 4956, and quarterly risky level at 5420, and the all time high set at 5627.85 on July 11, 2011.

    Russell 2000 - (746.09) Weekly and daily pivots are 736.52 and 746.12, the 200-day simple moving average at 756.73, and quarterly and annual risky levels at 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: Holding my weekly pivots at 1278.3 S P 500 and 736.52 Russell 2000 targets my weekly pivot at 4903 Dow Transports, then my weekly risky level at 12, 279 Dow Industrials then my annual pivot at 12, 312 Dow. 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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