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On the Road Again with GM, but Ford rates a SELL

|Includes: DIA, DUG, F, GLD, iShares 20+ Year Treasury Bond ETF (TLT)
The 30-Year Fixed Rate Mortgage rose to 4.39 from 4.17 last week. I thought QE2 was supposed to bring down rates to help Main Street USA create jobs? The yield on the 10-Year note appears stuck between my annual value level at 2.999 and my annual pivot at 2.813. Gold trades between its 50-day simple moving average at $1333.6 and my monthly pivot at $1373.0. Crude oil is back above its 50-day at $81.04 with my semiannual pivot at $83.94. The euro remains oversold and tested its 50-day at 1.3695 overnight. The Dow is between its 50-day at 10,995 and my annual pivot at 11,235. In the ValuEngine Morning Briefing my “Stock of the Day” is Ford, which is fitting following Thursday’s successful IPO for General Motors.
 
10-Year Note – (2.906) Annual and daily levels are 2.999 and 3.032 with my annual pivot at 2.813, and weekly, monthly, quarterly and semiannual risky levels at 2.441, 2.380, 2.265 and 2.249.
 
Courtesy of Thomson / Reuters
 
Comex Gold – ($1353.5) Daily, quarterly, semiannual and annual value levels are $1325.5, $1306.4, $1260.8, $1218.7 and $1115.2 with monthly and weekly risky levels at $1373.0 and $1424.1.
 
Courtesy of Thomson / Reuters
 
Nymex Crude Oil ($82.26) Monthly and annual value levels are $78.51 and $77.05 with daily and semiannual pivots at $81.48 and $83.94, and weekly, semiannual and annual risky levels at $91.33, $96.53 and $97.29.  
 
 
Courtesy of Thomson / Reuters
 
The Euro – (1.3642) Daily, quarterly and monthly value levels are 1.3365, 1.3318 and 1.2709 with weekly and semiannual risky levels at 1.4618 and 1.4733.
 
Courtesy of Thomson / Reuters
 
Daily Dow: (11,181) Daily, monthly, semiannual, annual and quarterly value levels are 10,988, 10,848, 10,558, 10,379 and 8,523 with annual, semiannual, and weekly risky levels at 11,235, 11,296, and 11,579.
 
Courtesy of Thomson / Reuters
 
ValuEngine Stock of the Day
Ford Motor (NYSE:F)
 
Ford Motor (F) – is rated a SELL according to ValuEngine with fair value at $12.32, which makes the stock 30.8% overvalued. Ford Motor Company produces cars and trucks. The company and its subsidiaries also engage in other businesses, including manufacturing automotive components and systems and financing and renting vehicles and equipment. The company is divided up into the following four operating segments: Automotive, Visteon Automotive Systems, Ford Motor Credit Company, and The Hertz Corporation. Ford declined on Thursday probably as institutional investors swapped into the new shares for General Motors. If Ford was a proxy for owning General Motors and Ford is rated a SELL then the upside for the new GM should be limited.
 
Analysis – The daily chart for Ford shows overbought MOJO with the stock above its 21-day, 50-day, and 200-day simple moving average at $15.39, $13.91 and $12.59. My monthly value level is $13.14 with a weekly pivot at $16.21 and no risky levels.
 
Courtesy of Thomson / Reuters
 
Ticker
Company Name
Mkt Price
Fair Value
Forecast 1-Mon Retn(%)
Forecast 1-Yr Retn(%)
Last 12-Mon Retn (%)
5-Yr Avg Retn (%)
P/E Ratio
F
FORD MOTOR
16.12
12.32
-0.72
-9.22
85.75
14.37
8.25
 
That’s today’s Four in Four. Have a great day.
 
Richard Suttmeier
Chief Market Strategist
ValuEngine.com
(800) 381-5576
 
Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our products and services visit www.ValuEngine.com
 
As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. I have daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go HERE to review sample issues and find out more about my research.
 
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Disclosure: No Positions