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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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  • A Close Today > Or < 1363.2 On S&P 500 Keys Near Term Volatility 0 comments
    Jul 5, 2012 5:44 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.597) Semiannual, quarterly and annual value level at 1.853, 1.869 and 2.502 with daily and monthly pivots at 1.550 and 1.568, and weekly and semiannual risky levels at 1.438 and 1.389. Monday's low yield was a test of the monthly risky level, now a pivot at 1.568.

    Comex Gold - ($1603.7) Monthly, annual, weekly and annual value levels are $1578.3, $1575.8, $1546.8 and $1388.4 with a daily pivot at $1608.04, and semiannual and quarterly risky levels at $1643.3, $1702.5 and $1805.8. The 50-day / 200-day SMAs: $1601.1 / $1663.1.

    Nymex Crude Oil - ($86.88) Semiannual and weekly value levels are $76.71 and $74.55 with the October 4th low at $74.95, a daily pivot at $85.89, and monthly, annual and quarterly risky levels at $100.47, $103.58 and $107.63. Another annual risky level is $117.00.

    The Euro - (1.2389) Weekly, monthly and semiannual value levels are 1.2170, 1.2168 and 1.1078 with a daily pivot at 1.2444, and semiannual, annual and quarterly risky levels at 1.2917, 1.4239 and 1.4583.

    The most important level for the major equity averages remains my annual pivot at 1363.2 on the S&P 500. A weekly close above 1363.2 targets new monthly risky levels at: 13,471 Dow Industrials, 1418.6 SPX, 3059 NASDAQ, 5422 Dow Transports, and 834.07 Russell 2000. My annual value level is 12,312 Dow Industrials with the annual pivot at 1363.3 SPX, an annual value level at 2698 NASDAQ and annual risky level at 836.15 Russell 2000. A weekly close below 1363.2 on S&P 500 indicates risk to my semiannual value levels at: 10,738 Dow Industrials, 1059.7 SPX, 2527 NASDAQ, 4449, 4129 Dow Transports and 686.25 Russell 2000.

    Daily Dow:(12,897) Daily, annual, weekly and semiannual value levels are 12,860, 12,312, 12,181 and 10,738 with monthly, annual and quarterly risky levels at 13,473, 14,032 and 14,493.

    S&P 500 - (1367.6) Daily, weekly and semiannual value levels are 1360.9, 1291.4 and 1059.7 with my annual pivot at 1363.2, and weekly, quarterly and annual risky levels at 1418.6, 1539.8 and 1562.9.

    NASDAQ - (2976) Daily, weekly, annual and semiannual value levels are 2936, 2775, 2698 and 2527 with monthly, annual and quarterly risky levels at 3058, 3232 and 3348.

    Dow Transports - (5249) Daily, weekly and semiannual value levels are 5191, 4919, 4449 and 4129 with monthly, annual and quarterly risky levels at 5422, 5861, 6111 and 6044. The all time high is 5627.85 set on July 11, 2011.

    Russell 2000 - (817.43) Daily, weekly and semiannual value levels are 811.24, 753.44 and 686.25 with monthly, annual and quarterly risky levels at 834.07, 836.15 and 933.42. The all time high is 868.57 set 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 most important level for the major equity averages remains my annual pivot at 1363.2 on the S P 500. 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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