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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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  • The S&P 500 Sets A New 2012 High Then Closed Lower On Tuesday. 0 comments
    Aug 21, 2012 6:00 PM | about stocks: TLT, GLD, XLE, DIA, QQQ, SPY

    10-Year Note - (1.804) Tested and held its 200-day simple moving average at 1.861% on Tuesday. My quarterly value level is 1.869 with semiannual and daily pivots at 1.853 and 1.844, and weekly, monthly and semiannual risky levels at 1.561, 1.468 and 1.389.

    Comex Gold - ($1639.2) My semiannual risky level at $1643.3 on Tuesday. Daily, annual and monthly value levels are $1618.7, $1575.8 and $1525.3 with a weekly pivot at $1635.0, and semiannual and quarterly risky levels at $1643.3, $1702.5 and $1805.8.

    Nymex Crude Oil - ($96.40) My monthly value level is $90.40 with a daily pivot at $96.07, and weekly, annual and quarterly risky levels at $100.79, $103.58 and $107.63.

    The Euro - (1.2462) Monthly and weekly value levels are 1.2237 and 1.2095 with a daily pivot at 1.2412. 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 1.2380.

    The weekly charts for the major average remain positive with weekly closes above the five-week MMAs at 13,005 Dow Industrials, 1381.5 S&P 500, 2973 NASDAQ, 5125 Dow Transports and 797.80 Russell 2000. This week's risky levels / pivots are 13,400 Industrials, 1432.9 SPX, 3065 NASDAQ, 5214 Transports and 830.16 Russell 2000. My monthly risky levels are 13,625 Industrials, 1458.2 SPX, 3194 NASDAQ, 5373 Transports, and 846.16 Russell 2000. Annual and semiannual value levels are 12,312 and 10,738 Industrials, 1363.2 and 1059.7 S&P 500, 2698 and 2527 NASDAQ, 4449 and 4129 Transports and 686.25 on Russell 2000.

    Daily Dow:(13,204) Annual and semiannual value levels are 12,312 and 10,738 with daily, weekly, monthly and annual risky levels at 13,261, 13,400, 13,625 and 14,032 and 14,493.

    S&P 500 - (1413.2) Tested a new 2012 high at 1426.68 on Tuesday. My annual value level is 1363.2 with daily, weekly and monthly risky levels at 1418.9, 1432.9 and 1458.2.

    NASDAQ - (3067) Annual and semiannual value levels are 2698 and 2527 with weekly and daily pivots at 3065 and 3079, and monthly and annual risky levels at 3194 and 3232.

    Dow Transports - (5194) Semiannual value levels are 4449 and 4129 with weekly, daily, and monthly risky levels at 5214, 5238 and 5373. The all time high is 5627.85 set on July 7, 2011.

    Russell 2000 - (815.36) My semiannual value level is 686.25 with a daily pivot at 815.40 and weekly, annual and monthly risky levels at 830.16, 836.15 and 846.16. 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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