Richard Suttmeier's  Instablog

Richard Suttmeier
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I am the Founder & CEO at Global Market Consultants, Ltd. I consider myself as a Financial Engineer with an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. In 1972 I began my career in the financial services industry trading U.S. Treasury securities in the... More
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Global Market Consultants
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valuengine.com/ve/ma...
  • All Major Equity Averages Will Likely Have Positive Weekly Charts 0 comments
    Aug 16, 2012 6:17 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.838) Quarterly and daily value levels are 1.869 and 1.886 with a semiannual pivot at 1.853, and monthly and semiannual risky levels at 1.468 and 1.389. A weekly close with the yield above the five-week MMA at 1.600 favors higher yields. Thursday's high yield at 1.862 was a test of 1.853.

    Comex Gold - ($1614.0) Annual, weekly and monthly value levels are $1575.8, $1573.6 and $1525.3 with a daily pivot at $1611.9, and semiannual risky levels at $1643.3 and $1702.5. The weekly chart stays positive on a weekly close above the five-week modified moving average at $1605.7.

    Nymex Crude Oil - ($95.25) My monthly and semiannual value levels are $90.40 and $76.71 with daily and weekly pivots at $95.64, and annual and quarterly risky levels at $103.58 and $107.63. The weekly chart stays positive on a weekly close above the five-week modified moving average at $89.87.

    The Euro - (1.2356) My weekly value level is 1.2047 with monthly and daily pivots at 1.2237 and 1.2269. My semiannual risky level is 1.2917. The weekly chart shifts to positive on a weekly close above the five-week modified moving average at 1.2395.

    With positive weekly closes likely the upside becomes my monthly risky levels at 13,625 for Dow Industrials, 1458.2 S&P 500, 3194 NASDAQ, 5373 Dow Transports, and 846.16 Russell 2000. My Annual and semiannual value levels are 12,312 and 10,738 Dow Transports, 1363.2 and 1059.7 S&P 500, 2698 and 2527 NASDAQ, 4449 and 4129 Dow Transports and 686.25 on Russell 2000.

    Daily Dow:(13,250) Annual and semiannual value levels are 12,312 and 10,738 with daily, monthly and annual risky levels at 13,266, 13,625 and 14,032. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 12,938.

    S&P 500 - (1415.5) My annual value level is 1363.2 with daily and monthly risky levels at 1418.4 and 1458.2. The weekly chart profile stays positive on a weekly close above the five-week MMA at 1372.4.

    NASDAQ - (3062) Annual and semiannual value levels are 2698 and 2527 with daily, monthly and annual risky levels at 3068, 3194 and 3232. The weekly chart profile stays positive on a weekly close above the five-week modified moving average at 2948.

    Dow Transports - (5168) My semiannual value levels are 4449 and 4129 with a daily pivot at 5118, and monthly risky level at 5373. The weekly chart profile needs a weekly close above the five-week MMA at 5108 to turn positive. The all time high is 5627.85 set on July 7, 2011.

    Russell 2000 - (813.08) My semiannual value level is 686.25 with a daily pivot at 812.92, and annual and monthly risky levels at 819.98, 836.15 and 846.16. The weekly chart profile stays positive with a weekly close above the five-week MMA at 792.42. 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

    Stocks: TLT, GLD, XLE, DIA, QQQ, SPY
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