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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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  • Weekly Closes Vs Five-week MMAs Key Market Direction. 0 comments
    Jun 7, 2012 6:13 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The Key Levels for the US Capital Markets

    10-Year Note - (1.644) Semiannual and monthly value levels are 1.903 and 1.909 with daily, quarterly, semiannual and weekly risky levels at 1.469, 1.407, 1.385 and 1.370.

    Comex Gold - ($1592.1) My annual value level is $1388.4 with my annual pivot at $1575.8, a weekly pivot at $1612.1, and daily, semiannual and monthly risky levels at $1620.8, $1635.8, $1659.4 and $1695.4. My quarterly risky level is $1871.9. The 50-day / 200-day SMAs: $1620.4 / $1683.8.

    Nymex Crude Oil - ($84.12) Daily and semiannual value levels are $80.29 and $79.83 with a weekly pivot at $86.55 (tested on Thursday) and quarterly, annual and semiannual risky levels at $101.55, $103.58 and $104.84.

    The Euro - (1.2566) My daily value level is 1.2440 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.

    The weekly chart profiles stay negative given closes today below the five-week modified moving averages at 12,656 Dow Industrials, 1336.5 SPX, 2892 NASDAQ, 5093 Dow Transports and 778.87 Russell 2000. My annual levels remain in play as the overall neutral zone: The annual value level is 2698 NASDAQ with the annual pivot at 12,312 Dow Industrials, and annual risky levels at 1363.2 SPX and 836.15 Russell 2000.

    Daily Dow:(12,461) My daily value level is 12,229 with weekly and annual pivots at 12,279 and 12,312, quarterly risky level at 12,794, and annual and monthly risky levels are 14,032 and 14,201.

    S&P 500 - (1315.0) Daily and weekly value levels are 1291.7 and 1278.3 with quarterly, annual, monthly and annual risky levels at 1337.7, 1363.2, 1504.8 and 1562.9.

    NASDAQ - (2831) Daily, weekly and annual value levels are 2791, 2716 and 2698 with quarterly, annual and monthly risky levels at 2911, 3232 and 3248.

    Dow Transports - (5009) Weekly and daily value levels are 4903 and 4899 with a quarterly risky level at 5420, and the all time high set at 5627.85 on July 11, 2011.

    Russell 2000 - (760.34) Daily and weekly value levels at 746.39 and 736.52 with 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: The weekly chart profiles stay negative given closes today below the five-week modified moving averages at 12, 656 Dow Industrials, 1336.5 SPX, 2892 NASDAQ, 5093 Dow Transports and 778.87 Russell 2000. 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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