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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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  • Big Rally, But Transports & Small Caps Still Lag 0 comments
    Aug 3, 2012 7:18 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.570) Semiannual and quarterly value levels are 1.853 and 1.869 with a daily pivot at 1.600, and weekly, monthly and semiannual risky levels at 1.507, 1.468 and 1.389.

    Comex Gold - ($1604.4) Annual and monthly value levels are $1575.8 and $1525.3 with a weekly pivot at $1602.3, and daily and semiannual risky levels at $1637.0, $1643.3 and $1702.5.

    Nymex Crude Oil - ($91.31) My semiannual value level is $76.71 with daily, weekly and monthly pivots at $90.03, $90.04 and $90.40, and annual and quarterly risky levels at $103.58 and $107.63.

    The Euro - (1.2379) Weekly and monthly pivots are 1.2303 and 1.2237 with a daily risky level at 1.2476. My semiannual value level is 1.1078 with a semiannual risky level at 1.2917.

    The weekly chart profiles remain positive for the Dow Industrials, S&P 500 and the NASDAQ, but are neutral for the Dow Transports and Russell 2000. The S&P 500 ended the week above my annual pivot at 1363.2 for the second week in a row after trading below that milestone intra-day on Thursday. Weekly and monthly risky levels are 13,208 and 13,625 for Dow Industrials, 1403.7 and 1458.2 S&P 500, 3001 and 3194 NASDAQ, 5192 and 5373 Dow Transports, and 812.50 and 846.16 Russell 2000. The problem with this setup is that my value levels lag if SPX ends this week below 1363.2. Annual and semiannual value levels are 12,312 and 10,738 Dow Transports, 1362.2 and 1059.7 S&P 500, 2698 and 2527 NASDAQ, 4449 and 4129 Dow Transports and 686.25 on Russell 2000.

    Daily Dow:(13,096) Annual and semiannual value levels are 12,312 and 10,738 with daily, weekly, monthly, annual and quarterly risky levels at 13,331, 13,208, 13,625, 14,032 and 14,493.

    S&P 500 - (1391.0) My annual pivot at 1363.2 with daily, weekly and monthly risky levels at 1410.8, 1403.7 and 1458.2. My semiannual value level is 1059.7.

    NASDAQ - (2968) Annual and semiannual value levels are 2698 and 2527 with daily, weekly, monthly and annual risky levels at 2994, 3001, 3194 and 3232.

    Dow Transports - (5086) I show no nearby value levels with daily, weekly and monthly risky levels at 5138, 5192 and 5373. The weekly chart profile needs a weekly close above the five-week modified moving average at 5119 to turn positive.

    Russell 2000 - (788.48) I show no nearby value levels with daily, annual, weekly and monthly risky levels at 796.17, 812.50, 841.66 and 846.16. The weekly chart profile needs a weekly close above the five-week modified moving average at 790.27 to turn positive.

    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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