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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 Are Stuck Between Weekly Pivots / Risky Levels. 0 comments
    Aug 8, 2012 5:50 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.651) Semiannual and quarterly value levels are 1.853 and 1.869 with daily, weekly, monthly and semiannual risky levels at 1.569, 1.507, 1.468 and 1.389.

    Comex Gold - ($1613.4) Daily, annual and monthly value levels are $1593.1, $1575.8 and $1525.3 with a weekly pivot at $1602.3, and semiannual risky levels at $1643.3 and $1702.5. The weekly chart stays positive on a weekly close above the five-week MMA at $1602.0.

    Nymex Crude Oil - ($93.36) Daily, weekly and monthly pivots at $91.41, $90.04 and $90.40, and annual and quarterly risky levels at $103.58 and $107.63. The 50-day simple moving average is $85.97 with the 200-day at $96.64.

    The Euro - (1.2359) Daily, weekly and monthly pivots are 1.2334, 1.2303 and 1.2237. The weekly chart for the euro remains oversold with the five-week modified moving average at 1.2422.

    The NASDAQ closed Wednesday above its weekly pivot at 3001 with Dow Industrials and S&P 500 below their weekly pivots at 13,208 and 1403.7 respectively. Dow Transports and Russell 2000 are below their weekly risky levels at 5192 and 812.50 respectively.

    Daily Dow:(13,176) Daily and annual value levels are 13,073 and 12,312 with a weekly pivot at 13,208, and monthly risky level at 13,625. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 12,871.

    S&P 500 - (1402.2) Daily and annual value levels are 1390.9 and 1363.2 with a weekly pivot at 1403.7, and monthly risky level at 1458.2. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 1364.1.

    NASDAQ - (3011) Daily and annual value levels are 2978 and 2698 with a weekly pivot at 3001, and monthly and annual risky levels at 3194 and 3232. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 2930.

    Dow Transports - (5076) My daily value level is 5003 with weekly and monthly risky levels at 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 - (800.16) My daily value level is 782.39 with weekly and annual risky levels at 812.50, and 836.15. 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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