Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in Newtown, PA.

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http://www.valuengine.com/pub/Unsubscribe? October 9, 2012 Markets marched in cadence on Columbus Day.

10-Year Note (1.727) Weekly, semiannual, quarterly and annual value levels are 1.779, 1.853, 2.109 and 2.502 with a monthly pivot at 1.681, and daily and semiannual risky levels at 1.625 and 1.389. Comex Gold ($1776.9) Semiannual and monthly value levels are $1702.5, $1643.3 and $1606.0 with daily, weekly and quarterly risky levels at $1806.5, $1848.5, $1844.9 and $1881.4. Nymex Crude Oil ($89.67) My semiannual value level is $76.71 with daily and monthly pivots at $91.59 and $91.34, and weekly, annual and quarterly risky levels are $95.29, $103.58 and $107.63. The Euro (1.2970) Semiannual and monthly value levels are 1.2911 and 1.2589 with daily, quarterly, weekly and annual risky levels at 1.3012, 1.3048, 1.3316 and 1.4239.

The major equity averages straddle monthly and weekly value levels, pivots and risky levels at; 13,506 / 13,606 Dow Industrials, 1468.0 / 1474.6 S&P 500, 3210 / 3224 NASDAQ, 4859 / 5049 Dow Transports and 827.70 / 871.10 Russell 2000. Industrials, S&P 500, NASDAQ & Russell 2000 have overbought weekly chart profiles. The SOX has a negative weekly chart profile. Annual value levels are 12,312 Dow Industrials, 1363.2 S&P 500, and 2698 NASDAQ with an annual pivot at 836.15 Russell 2000 and quarterly risky level at 5541 Dow Transports.
Daily Dow: (13,584) Annual and semiannual value levels are 12,312 and 10,738 with monthly and weekly pivots at 13,506 and 13,606, and daily, annual and quarterly risky levels at 13,646, 14,032 and 14,192. The QE3 high is 13,661.87 on October 5. S&P 500 (1455.9) Annual and semiannual value levels are 1363.2 and 1059.7 with daily, monthly, weekly, quarterly and annual risky levels at 1469.6, 1468.0, 1474.5, 1513.3 and 1562.9. The QE3 high is 1474.51 on September 14. NASDAQ (3112) Annual and semiannual value levels are 2698 and 2527 with daily, monthly, weekly, annual and quarterly risky levels at 3158, 3210, 3224, 3232 and 3295. The QE3 high is 3196.93 on September 21. Dow Transports (5057) Monthly and semiannual value levels are 4859, 4449 and 4129 with daily and weekly pivots at 5038 and 5049, and quarterly and annual risky levels at 5541 and 5861. The QE3 high is 5231.15 on September 14. Russell 2000 (838.41) Monthly and semiannual value levels are 827.70 and 686.25 with my annual pivot at 836.15 and daily, weekly, quarterly and annual risky levels at 847.19, 871.10, 911.28 and 969.09. The QE3 high is 868.50 on September 14. The SOX (379.13) Semiannual value level is 326.30 with weekly and monthly pivots at 383.39 and 385.39, and daily and quarterly risky levels at 387.06 and 439.97. The QE3 high is 410.82 on September 14.
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