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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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  • This Week's Random Volatility Has Little Meaning 1 comment
    Jun 28, 2012 6:16 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.587) Daily, semiannual and monthly value levels are 1,663, 1.903 and 1.909 with weekly, quarterly and semiannual risky levels at 1.440, 1.407 and 1.385.

    Comex Gold - ($1555.6) Daily, weekly and annual value levels are $1529.9, $1530.9 and $1388.4 with my annual pivot at $1575.8, and semiannual and monthly risky levels at $1635.8, $1659.4 and $1695.4. My quarterly risky level is $1871.9. The 50-day / 200-day SMAs: $1603.7 / $1666.8.

    Nymex Crude Oil - ($78.42) Daily and weekly value levels are $76.95 and $70.52 with the October 4th low at $74.95, a semiannual pivot at $79.83, and quarterly, annual and semiannual risky levels at $101.55, $103.58 and $104.84. Friday's close is below the 200-week SMA at $80.51.

    The Euro - (1.2440) My weekly value level is 1.2098 with a daily pivot at 1.2501, and monthly, semiannual and quarterly risky levels at 1.2815, 1.2980 and 1.3366. The June 2010 low is 1.1880.

    My first neutral zone for the major equity average is between my annual value level at 12,312 Dow Industrials and my annual risky level at 1363.2 S&P 500. A lower annual value level is 2698 on NASDAQ with annual risky level at 836.15 on the Russell 2000. This week's volatility was random. What's important is today's closes versus five-week and five-month modified moving averages at; 12,659 and 12,560 Dow Industrials, 1336.2 and 1323.9 S&P 500, 2886 and 3848 NASDAQ, 5085 and 5109 Dow Transports, and 775.85 and 783.55 Russell 2000. Closes above all of these moving averages is positive, straddling them as they are today is neutral, and below all is negative.

    Daily Dow:(12,602) Annual and value levels are 12,312 and 11,973 with a daily pivot at 12,535, and quarterly, annual and monthly risky levels at 12,794, 14,032 and 14,201.

    S&P 500 - (1329.0) Daily and weekly value levels are 1321.4 and 1252.7 with quarterly, annual, monthly and annual risky levels at 1337.7, 1363.2, 1504.8 and 1562.9.

    NASDAQ - (2849) Annual and weekly value levels are 2698 and 2657 with a daily pivot at 2855, and quarterly, annual and monthly risky levels at 2911, 3232 and 3248.

    Dow Transports - (5065) Daily and weekly value levels are 4993 and 4856 with my quarterly risky level at 5420, and the all time high set at 5627.85 on July 11, 2011.

    Russell 2000 - (775.89) My weekly value level is 713.15 with a daily pivot at 775.34, 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

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  • very solid
    2 Jul 2012, 07:34 PM Reply Like
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