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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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  • Equity Averages Straddle Weekly Pivots / Risky Level. 0 comments
    Aug 7, 2012 5:36 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.628) Daily, semiannual and quarterly value levels are 1.667, 1.853 and 1.869 with weekly, monthly and semiannual risky levels at 1.507, 1.468 and 1.389.

    Comex Gold - ($1612.6) Annual and monthly value levels are $1575.8 and $1525.3 with weekly and daily pivots at $1602.3 and $1605.4, and semiannual and quarterly risky levels at $1643.3, $1702.5 and $1805.8.

    Nymex Crude Oil - ($93.46) Daily, weekly and monthly pivots are $91.38, $90.04 and $90.40 with annual and quarterly risky levels at $103.58 and $107.63.

    The Euro - (1.2401) Daily, weekly and monthly pivots are 1.2351, 1.2303 and 1.2237. My semiannual value level is 1.1078 with a semiannual risky level at 1.2917.

    Tuesday's closes straddled weekly pivots / risky levels at 13,208 Dow Industrials, 1403.7 S&P 500, 3001 NASDAQ, 5192 Dow Transports, and 812.50 Russell 2000. The key value level is 1363.2 on the S&P 500. The other annual value levels are 12,312 Dow Industrials and 2698 NASDAQ.

    Daily Dow:(13,169) Annual and semiannual value levels are 12,312 and 10,738 with a weekly pivot at 13,208, and daily, monthly, annual and quarterly risky levels at 13,237, 13,625, 14,032 and 14,493. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 12,871.

    S&P 500 - (1401.4) My annual pivot at 1363.2 with a weekly pivot at 1403.7, and daily and monthly risky levels at 1413.1 and 1458.2. My semiannual value level is 1059.7. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 1364.1.

    NASDAQ - (3016) Annual and semiannual value levels are 2698 and 2527 with a weekly pivot at 3001, and daily, monthly and annual risky levels at 3032, 3194 and 3232. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 2930.

    Dow Transports - (5092) 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. The all time high is 5627.85 set on July 7, 2011.

    Russell 2000 - (801.34) My daily pivot is 800.62 with weekly, annual and monthly risky levels at 812.50, 836.15 and 846.16. The weekly chart profile needs a weekly close above the five-week modified moving average at 790.27 to turn positive. 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

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