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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 S&P 500 Tested 1337.7 At The Friday Afternoon High 0 comments
    Jun 23, 2012 6:28 AM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    The Key Levels for the US Capital Markets

    10-Year Note - (1.672) Semiannual and monthly value levels are 1.903 and 1.909 with daily, weekly, quarterly and semiannual risky levels at 1.581, 1.440, 1.407 and 1.385.

    Comex Gold - ($1572.8) Weekly and annual value levels are $1530.9 and $1388.4 with my annual pivot at $1575.8, and daily, semiannual and monthly risky levels at $1594.0, $1635.8, $1659.4 and $1695.4. My quarterly risky level is $1871.9. The 50-day / 200-day SMAs: $1609.9 / $1672.0.

    Nymex Crude Oil - ($80.20) My weekly value level is $70.52 with semiannual and daily pivots at $79.83 and $80.72 with quarterly, annual and semiannual risky levels at $101.55, $103.58 and $104.84. Friday's close is below the 200-week simple moving average at $80.69.

    The Euro - (1.2562) My weekly value level is 1.2098 with daily, monthly, semiannual and quarterly risky levels at 1.2710, 1.2815, 1.2980 and 1.3366. The June 2010 low is 1.1880.

    The Power of the Pivot - The S&P 500 tested and failed at my annual pivot at 1363.2 at Tuesday's high. Then on Thursday all my quarterly pivots failed to hold as the market cascaded below quarterly pivots at 12,794 Dow Industrials, 1337.7 S&P 500 and 2911 NASDAQ. Strength on Friday was a return to the quarterly pivot at 1337.7 on the S&P 500. The neutral zone for the last week of June is between my annual value level at 12,312 Dow Industrials and the quarterly pivots. Above is the annual pivot at 1363.2 SPX. Below is my annual value level at 2698 NASDAQ.

    Daily Dow:(12,641) Annual and value levels are 12,312 and 11,973 with quarterly, daily, annual and monthly risky levels at 12,794, 12,798, 14,032 and 14,201.

    S&P 500 - (1335.0) My weekly value level is 1252.7 with my quarterly pivot at 1337.7, and daily, annual, monthly and annual risky levels at 1351.6, 1363.2, 1504.8 and 1562.9.

    NASDAQ - (2892) Annual and weekly value levels are 2698 and 2657 with daily, annual and monthly risky levels at 2919, 2911, 3232 and 3248.

    Dow Transports - (5083) My weekly value level at 4856 with daily and quarterly risky levels at 5214 and 5420, and the all time high set at 5627.85 on July 11, 2011.

    Russell 2000 - (775.16) My weekly value level is 713.15 with daily, quarterly and annual risky levels at 781.63, 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 neutral zone for the last week of June is between my annual value level at 12, 312 Dow Industrials and the quarterly pivots. Above is the annual pivot at 1363.2 SPX. Below is my annual value level at 2698 NASDAQ. 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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