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? Oct 29, 2012 The Dow Industrials & S&P 500 now have negative weekly charts. 10-Year Note (1.756) Daily, semiannual, weekly, quarterly and annual value levels are 1.853, 1.853, 1.907, 2.109 and 2.502 with monthly and semiannual risky levels at 1.681 and 1.389. Comex Gold ($1712.1) Daily, semiannual, monthly and annual value levels are $1693.5, $1643.3, $1606.0 and $1575.8 with a semiannual pivot at $1702.5, and weekly and quarterly risky levels at $1806.1 and $1881.4. Nymex Crude Oil ($86.09) Daily and semiannual value levels are $84.21 and $76.71 with a weekly pivot at $86.83, and monthly, annual and quarterly risky levels at $91.34, $103.58 and $107.63. The Euro (1.2932) Semiannual and monthly value levels are 1.2917 and 1.2589 with a daily pivot at 1.2952, and quarterly, weekly and annual risky levels at 1.3048, 1.3338 and 1.4239. Dow Transports is the only major equity average that did not end last week with a negative weekly chart profile. This weeks key levels are; monthly / weekly risky levels at 13,506 / 13,668 Dow Industrials, monthly / weekly risky levels at 1468.0 / 1471.5 S&P 500, weekly risky level at 3106 NASDAQ, monthly value level and weekly pivot at 4859 / 5075 Dow Transports, and monthly and annual risky levels at 827.70 and 836.15. Annual value levels are 12,312 Dow Industrials, 1363.2 S&P 500, and 2698 NASDAQ. Daily Dow: (13,107) Daily, annual and semiannual value levels are 12,958, 12,312 and 10,738 with monthly, weekly and annual and quarterly risky levels at 13,506, 13,668, 14,032 and 14,192. S&P 500 (1411.9) Daily, annual and semiannual value levels are 1399.3, 1363.2 and 1059.7 with monthly, weekly, quarterly and annual risky levels at 1468.0, 1471.5, 1513.3 and 1562.9. NASDAQ (2988) Daily, annual and semiannual value levels are 2929, 2698 and 2527 with weekly, monthly, annual and quarterly risky levels at 3106, 3210, 3232 and 3295.. Dow Transports (5052) Monthly and semiannual value levels are 4859, 4449 and 4129 with daily and weekly pivots at 5038 and 5075, and quarterly and annual risky levels at 5541 and 5861. Russell 2000 (813.26) Daily and semiannual value levels are 807.77 and 686.25 with monthly, annual and weekly risky levels at 827.70, 836.15 and 857.58. The SOX (367.28) Daily and semiannual value levels are 355.90 and 326.30 with a weekly pivot at 367.08, and monthly and quarterly risky levels at 385.39 and 439.97.
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