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 Ends The Week Just Below My Annual Pivot At 1363.2. 0 comments
    Jul 21, 2012 9:56 AM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.457) My monthly value level is 1.568 with semiannual and weekly risky levels at 1.389 and 1.356. The continued "flight to quality" has this yield near its all time low set on June 1st at 1.439.

    Comex Gold - ($1584.0) My annual value level is $1388.4 with annual and monthly pivots at $1575.8 and $1578.3, and daily, weekly, semiannual and quarterly risky levels at $1595.5, $1621.3, $1643.3, $1702.5 and $1805.8. The 50-day / 200-day SMAs: $1587.6 / $1659.0. My annual pivot at $1575.8 remains a magnet.

    Nymex Crude Oil - ($91.44) Weekly and semiannual value levels are $80.41 and $76.71 with daily, monthly, annual and quarterly risky levels at $94.10, $100.47, $103.58 and $107.63.

    The Euro - (1.2158) My semiannual value level is 1.1078 with monthly and daily pivots at 1.2168 and 1.2218, and weekly, semiannual, annual and quarterly risky levels at 1.2295, 1.2917, 1.4239 and 1.4583.

    We now have three consecutive weekly closes below my annual pivot at 1363.2 on the S&P 500, yet four of five of the major averages closed above their five-week modified moving averages at 12,750 Dow Industrials, 1350.2 SPX, 2910 NASDAQ, and 789.42 Russell 2000. Dow Transports ended the week below its five-week MMA at 5127. All five averages closed below new weekly pivots at 12,913 Dow Industrials, 1366.7 SPX, 2941 NASDAQ, 5118 Dow Transports and 798.66 Russell 2000. The neutral zone remains between my annual and semiannual value levels at 2698 / 2527 NASDAQ and my annual risky level at 836.15 Russell 2000. In-between is my annual value level is 12,312 Dow Industrials and my annual pivot at 1363.2 SPX. My semiannual value levels are; 10,738 Dow Industrials, 1059.7 SPX, 4449 Dow Transports and 686.25 Russell 2000. Monthly risky levels are 13,473 Dow Industrials, 1418.6 SPX, 3058 NASDAQ, 5422 Dow Transports and 834.07 Russell 2000.

    Daily Dow:(12,823) Annual and semiannual value levels are 12,312 and 10,738 with daily and weekly pivots at 12,899 and 12,913, and monthly, annual and quarterly risky levels at 13,473, 14,032 and 14,493.

    S&P 500 - (1362.7) My semiannual value level is 1059.7 with annual and weekly pivots at 1363.2 and 1366.7 and daily, monthly, quarterly and annual risky levels at 1375.2, 1418.6, 1539.8 and 1562.9.

    NASDAQ - (2925) Annual and semiannual value levels are 2698 and 2527 with daily and weekly pivots at 2926 and 2941, and monthly, annual and quarterly risky levels at 3058, 3232 and 3348.

    Dow Transports - (5072) Semiannual value levels are 4449 and 4129 with weekly and daily pivots at 5118 and 5131, and monthly risky level at 5422. The all time high is 5627.85 set on July 11, 2011.

    Russell 2000 - (791.55) My semiannual value level is 686.25 with daily and weekly pivots at 798.01 / 798.66, and monthly and annual risky levels at 834.07 and 836.15. 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: We now have three consecutive weekly closes below my annual pivot at 1363.2 on the S P 500, yet four of five of the major averages closed above their five-week modified moving averages at 12, 750 Dow Industrials, 1350.2 SPX, 2910 NASDAQ, and 789.42 Russell 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.