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The Nasdaq And Russell 2000 Set New Multiyear And All-Time Highs.

Jan. 16, 2014 5:51 PM ETTLT, GLD, XLE, DIA, QQQ, SPY
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Banks, Homebuilders, chartest

Seeking Alpha Analyst Since 2006

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 primary dealer community. I became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gave me the insights to be an expert on monetary policy, which I feature in my newsletters, and market commentary. I formed Global Market Consultants Ltd at the end of 1988 and expanded on my analysis to include proprietary analytics. While operating Global Market Consultants I was the U.S. Treasury Strategist at Smith Barney 1991 through 1995, was Chief Financial Strategist at William R. Hough in St. Petersburg, Florida 1997 through 1999, and was Chief Market Strategist at Joseph Stevens 1999 into 2008. I began covering U.S. equities in 1997 and began to use ValuEngine as my stock screening tool in 2002 before joining them as Chief Market Strategist between September 2008 and November 2014. I was the Chief Market Strategist at Niagara International Capital Limited between December 2009 and December 2014. In 2005 through 2007 I wrote columns on RealMoney.com and authored TheStreet.com Technology Report. My unique coverage called for the housing bubble to pop in 2005 and for regional banks to collapse in 2006 and early-2007. This is when my proprietary analytics became known as value levels at which to buy on weakness and risky levels at which to sell on strength. I became an Expert Contributor for TheStreet.com in April 2012 and currently write one or two stories a day covering subjects such as: The housing market, community and regional banks, momentum stocks, earnings profiles both before companies report quarterly results and provide scorecards after reporting results. Many of my stories we include moving averages, momentum readings, analysts’ earnings estimates, and value levels and risky levels. Over the years I made frequent appearances on financial TV beginning in 1993 on CNBC covering the U.S. Treasury auctions and as a substitute for John Murphy on his segment called ‘Tech Talk’. I also occasionally appeared on CNN and Bloomberg. On almost every holiday I appeared for an hour covering stocks on a call-in / email-the-expert ‘Talking Stocks’ show on CNNfn. In 2002 I had my own show on Yahoo Finance TV called, ‘Traders’ Club with Richard Suttmeier’. When Fox Business began in late-2007 I was a frequent guest on ‘Money for Breakfast’. I also made appearances on Reuters TV, Yahoo Finance Breakout and BNN in Toronto. In recent years I shifted my focus to making presentations to various investor groups such as: MBA students at the University of Florida and South Florida, The American Association of Individual Investors, Wells Fargo Advisors, The Executive Form at the National Arts Club in NYC, Investors Roundtable of Wilmington NC, The Market Technicians Association, The Information Management Network when they cover Florida Banks in Ft Lauderdale, and the University of Tampa Investment Club. I was president of the Society for the Investigation of Recurring Events in NYC from 2000 into 2009. My background began on Long Island, New York. I graduated from Bay Shore High School in 1962, and was a member of the Honor Society, Golf Team, Math Team and Band. I graduated from Georgia Tech in Atlanta with a Bachelor of Industrial Engineering Degree in 1966, and was a member of Chi Phi Fraternity, the freshmen Golf Team, and was the captain of the Bowling team. I won the South East Regional Bowling Tournament in 1964 and won the National Intercollegiate Bowling Championship in the Doubles Event that same year. I graduated from Brooklyn Poly in 1970 with a Master of Science in Operations Research, Systems Analysis. My first job out of Georgia Tech was with Grumman Aerospace on Long Island 1966 through 1970 with project assignments on the Lunar Module and F-14 Tomcat Fighter Jet contract proposal. I was with Bank of New York in 1971, as the Senior Systems Analyst for computer applications for the Bank’s International Division. When I shifted my to Wall Street In 1972 I became a U.S. Government securities trader at Briggs Schaedle, a primary dealer where my father was Vice Chairman and my brother was Sales Manager. In 1977 I joined Loab Rhodes as a U.S. Treasury trader. Then my career advanced as noted above. I have been married to Linda since June 1969 and we are the parents of Stephen and Jason Suttmeier. Stephen has been married to Jennifer since 2004 and we have a granddaughter Emily and a grandson Robert. We have been living in Land O’ Lakes, Florida with Jason and his partner James since June 2009.

The Nasdaq sets a new multi-year intraday high at 4219.28 on Thursday vs. my monthly and quarterly risky levels at 4267 and 4274. The Russell 2000 set a new all-time high at 1173.13 vs. quarterly and monthly risky levels at 1180.35 and 1200.55. The S&P 500 ended the day back below its monthly pivot at 1847.0.

US Treasury yields rose as my quarterly pivot at 3.801% on the 30-Year bond continues as a magnet. Comex gold moved slightly higher as Nymex crude oil stays above my quarterly pivot at $93.35. The dollar rebounded as the euro is between my quarterly and monthly pivots at 1.3482 and 1.3658.

US Treasury Yields - The yield on the US Treasury 10-Year note (2.843%) is between its 50-day SMA at 2.824% and its 21-day SMA at 2.931%. The weekly chart will favor lower yields given a close this week below its five-week MMA at 2.858% with the 200-week SMA at 2.460% with my quarterly risky level at 2.628%. The yield on the US Treasury 30-Year bond (3.773%) remains below its 21-day and 50-day SMAs at 3.873% and 3.851% as my quarterly pivot at 3.801% remains a magnet. The weekly chart will favor lower yields given a close this week below its five-week MMA at 3.832% with the 200-week SMA at 3.578%.

Comex Gold - ($1242.2) Weekly and monthly value levels are $1177.9 and $1112.1 with a daily pivot at $1240.6 and quarterly and annual risky levels at $1385.0, $1710.6, $1747.4, $1818.8 and $1857.1.

Nymex Crude Oil - ($94.12) My daily value level is $92.57 with a quarterly pivot at $93.35 and weekly, monthly, semiannual and annual risky levels at $97.64, $104.80, $104.97 and $107.52.

The Euro - (1.3618) Quarterly, annual and semiannual value levels are 1.3482, 1.3382, 1.2642 and 1.2216 with monthly and daily pivots at 1.3658 and 1.3622 and weekly and annual risky levels at 1.3816 and 1.5512.

The Dollar versus Japanese Yen - (104.31) Annual and semiannual value levels are 93.38, 85.57, 79.46 and 75.49 with monthly and daily pivots at 103.76 and 104.37 and weekly and quarterly risky levels at 106.87 and 107.46.

The British Pound - (1.6354) Annual and monthly value levels are 1.6262 and 1.6201 with daily and quarterly pivots at 1.6423 and 6415, and weekly risky level at 1.6632.

Daily Dow: (16,417) Monthly, semiannual and annual value levels are 16,327, 16,245, 14,835 and 13,467 with daily and weekly pivots at 16,425 and 16,476, the Dec. 31 all-time intraday high at 16,588.25 and quarterly and semiannual risky levels at 16,761 and 16,860.

S&P 500 - (1845.9) Weekly, semiannual and annual value levels are 1838.8, 1797.3, 1764.4, 1539.1 and 1442.1 with my monthly pivot at 1847.0, the Jan. 15 all-time intraday high at 1850.84, and daily and quarterly risky levels at 1851.9 and 1896.0.

NASDAQ - (4219) Semiannual and annual value levels are 4199, 3930, 3920, 3471 and 3063 with a weekly pivot at 4205, the Jan. 16 multiyear intraday high at 4219.28 and daily, monthly and quarterly risky levels at 4241, 4267 and 4274.

NASDAQ 100 (NDX) - (3611) Semiannual and annual value levels are 3458, 3456, 3078 and 2669 with a weekly pivot at 3610, the Jan. 15 multiyear intraday high at 3615.70 and daily, monthly and quarterly risky levels at 3622, 3629 and 3714.

Dow Transports - (7457) Semiannual, weekly, monthly, quarterly and annual value levels are 7376, 7245, 7370, 7327, 7086, 6249 and 5935 with the Jan.15 all-time intraday high at 7508.74 and a daily risky level at 7583.

Russell 2000 - (1173.12) Semiannual and annual value levels are 1163.75, 1133.29, 1130.79, 966.72 and 879.39 with the Jan. 16 all-time intraday high at 1173.13, and daily, quarterly and monthly risky levels at 1178.85, 1180.35 and 1200.55.

The SOX - (541.05) Quarterly, weekly, weekly, semiannual and annual value levels are 536.98, 531.54, 490.52, 371.58 and 337.74 with a monthly pivot at 544.70, the Jan. 15 multiyear intraday high at 545.75, and daily and semiannual risky levels at 547.78 and 548.36.

Dow Utilities: (492.70) Weekly and monthly value levels are 469.97 and 440.53 with daily, quarterly, annual, semiannual and annual risky levels at 496.83, 496.84, 497.53, 504.74, 524.37 and 548.70.

To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact me at RSuttmeier@gmail.com.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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