Seeking Alpha

Richard Suttmeier's  Instablog

Richard Suttmeier
1,192 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 S&P 500 Held My Weekly Value Level At 1306.8 On Tuesday. 0 comments
    Jun 12, 2012 5:46 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The Key Levels for the US Capital Markets

    10-Year Note - (1.598) Semiannual and monthly value levels are 1.903 and 1.909 with daily, weekly, quarterly and semiannual risky levels at 1.630, 1.515, 1.407 and 1.385.

    Comex Gold - ($1614.50) My annual value level is $1388.4 with weekly and annual pivots at $1566.7 and $1575.8, and daily, semiannual and monthly risky levels at $1656.9, $1635.8, $1659.4 and $1695.4. My quarterly risky level is $1871.9. The 50-day / 200-day SMAs: $1616.3 / $1681.2.

    Nymex Crude Oil - ($83.42) Daily and semiannual value levels are $81.05 and $79.83 with a weekly pivot at $82.90, and quarterly, annual and semiannual risky levels at $101.55, $103.58 and $104.84.

    The Euro - (1.2508) A monthly value level is 1.2064 with weekly and daily pivots at 1.2514 and 1.2637, and monthly, semiannual and quarterly risky levels at 1.2815, 1.2980 and 1.3366. The June 2010 low is 1.1880.

    Beneath the effect of the bailout in Spain remains the hope that the Federal Reserve will orchestrate QE3 a week from today following their FOMC meeting. Tuesday the S&P 500 held my weekly value level at 1306.8 and my weekly pivot at 12,521 on the Dow Industrials provided a magnet. The Russell 2000 ended the daily around its 200-day simple moving average at 750.00. Strength remained below key quarterly and annual levels at 12,794 Industrials, 1337.7 and 1363.2 SPX, and 2911 NASDAQ.

    Daily Dow:(12,574) Daily and annual value levels are 12,348 and 12,312 with a weekly pivot at 12,521, my quarterly risky level at 12,794, and annual and monthly risky levels are 14,032 and 14,201.

    S&P 500 - (1324.2) Weekly and daily value levels are 1306.8 and 1301.8 with quarterly, annual, monthly and annual risky levels at 1337.7, 1363.2, 1504.8 and 1562.9.

    NASDAQ - (2843) Daily, weekly and annual value levels are 2798, 2775 and 2698 with quarterly, annual and monthly risky levels at 2911, 3232 and 3248.

    Dow Transports - (5035) Weekly and daily value levels are 4994 and 4876 with a quarterly risky level at 5420, and the all time high set at 5627.85 on July 11, 2011.

    Russell 2000 - (761.53) Weekly and daily value levels are 759.45 and 746.96 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: Beneath the effect of the bailout in Spain remains the hope that the Federal Reserve will orchestrate QE3 a week from today following their FOMC meeting. Tuesday the S P 500 held my weekly value level at 1306.8 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.