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  • Stocks Are Closing in On Major Risky Levels.

    Transféré par

    Richard Suttmeier
    17 vues2 pages
    Stocks are overvalued fundamentally and overbought technically and I project that strength will fail at or shy of numerous risky levels from several time horizons within my proprietary analytics. Weekly, monthly and semiannual risky levels are; 14,108, 14,132 and 14,323 Dow Industrials, 1544.0, 1542.9 and 1566.9 S&P 500, 3264, 3250 and 3583 NASDAQ, 5925, 5955 and 6127 Dow Transports, 948.81 and 965.51 Russell 2000. The Dow Transports ended last week at another new all time closing high at 5911.33. The Russell 2000 closed above a monthly pivot at 911.32. The downside during the first quarter is to my quarterly pivots at 13,668 Dow Industrials, 1431.1 S&P 500 and 3071 NASDAQ. Other downside targets are my annual pivot at 5469 on Dow Transports, and my annual pivot at 860.25 on the Russell 2000. Sometime during the year the downside is to my annual value levels at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ and 809.54 Russell 2000.

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    Stocks are closing in on major risky levels.

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    Stocks are overvalued fundamentally and overbought technically and I project that strength will fail at or shy of numerous risky levels from several time horizons within my proprietary analytics. Weekly, monthly and semiannual risky levels are; 14,108, 14,132 and 14,323 Dow Industrials, 1544.0, 1542.9 and 1566.9 S&P 500, 3264, 3250 and 3583 NASDAQ, 5925, 5955 and 6127 Dow Transports, 948.81 and 965.51 Russell 2000. The Dow Transports ended last week at another new all time closing high at 5911.33. The Russell 2000 closed above a monthly pivot at 911.32. The downside during the first quarter is to my quarterly pivots at 13,668 Dow Industrials, 1431.1 S&P 500 and 3071 NASDAQ. Other downside targets are my annual pivot at 5469 on Dow Transports, and my annual pivot at 860.25 on the Russell 2000. Sometime during the year the downside is to my annual value levels at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ and 809.54 Russell 2000.

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    17 vues2 pages

    Stocks Are Closing in On Major Risky Levels.

    Transféré par

    Richard Suttmeier
    Stocks are overvalued fundamentally and overbought technically and I project that strength will fail at or shy of numerous risky levels from several time horizons within my proprietary analytics. Weekly, monthly and semiannual risky levels are; 14,108, 14,132 and 14,323 Dow Industrials, 1544.0, 1542.9 and 1566.9 S&P 500, 3264, 3250 and 3583 NASDAQ, 5925, 5955 and 6127 Dow Transports, 948.81 and 965.51 Russell 2000. The Dow Transports ended last week at another new all time closing high at 5911.33. The Russell 2000 closed above a monthly pivot at 911.32. The downside during the first quarter is to my quarterly pivots at 13,668 Dow Industrials, 1431.1 S&P 500 and 3071 NASDAQ. Other downside targets are my annual pivot at 5469 on Dow Transports, and my annual pivot at 860.25 on the Russell 2000. Sometime during the year the downside is to my annual value levels at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ and 809.54 Russell 2000.

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

    ValuEngine covers over 7,000 stocks every day. A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks, and commentary can be found http://www.valuengine.com/nl/mainnl To unsubscribe from this free email newsletter list, please click

    http://www.valuengine.com/pub/Unsubscribe? February 11, 2013 Stocks are closing in on major risky levels.
    10-Year Note (1.952) Weekly, annual and semiannual value levels are 2.062, 2.476 and 3.063 with an annual pivot at 1.981, and monthly and semiannual risky levels at 1.843 and 1.413. Comex Gold ($1668.9) Weekly and annual value levels are $1632.9 and $1599.9 with semiannual, monthly, quarterly and annual and semiannual risky levels at $1719.2, $1793.7, $1802.9 and $1852.1. Nymex Crude Oil ($95.80) Monthly and quarterly pivots are $96.21 and $95.84 with weekly, annual and semiannual risky levels at $101.44, $115.23, $115.42 and $130.42. The Euro (1.3363) Quarterly, annual and semiannual value levels are 1.3334, 1.3257 and 1.2797 with monthly, daily, weekly and annual risky levels at 1.3570, 1.3513, 1.3498 and 1.4295. Stocks are overvalued fundamentally and overbought technically and I project that strength will fail at or shy of numerous risky levels from several time horizons within my proprietary analytics. Weekly, monthly and semiannual risky levels are; 14,108, 14,132 and 14,323 Dow Industrials, 1544.0, 1542.9 and 1566.9 S&P 500, 3264, 3250 and 3583 NASDAQ, 5925, 5955 and 6127 Dow Transports, 948.81 and 965.51 Russell 2000. The Dow Transports ended last week at another new all time closing high at 5911.33. The Russell 2000 closed above a monthly pivot at 911.32. The downside during the first quarter is to my quarterly pivots at 13,668 Dow Industrials, 1431.1 S&P 500 and 3071 NASDAQ. Other downside targets are my annual pivot at 5469 on Dow Transports, and my annual pivot at 860.25 on the Russell 2000. Sometime during the year the downside is to my annual value levels at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ and 809.54 Russell 2000. Daily Dow: (13,993) Quarterly and annual value levels are 13,668, 12,696 and 12,509 with a daily pivot at 13,947, and weekly, monthly and semiannual risky levels at 14,108, 14,132 and 14,323. S&P 500 (1517.9) Quarterly and annual value levels are 1431.1 and 1348.3 with a daily pivot at 1509.4, and weekly, monthly and semiannual risky levels at 1544.0, 1542.9 and 1566.9. NASDAQ (3194) Daily, quarterly and annual value levels are 3177, 3071, 2806 and 2790 with weekly, monthly and semiannual risky levels at 3264, 3250 and 3583. NASDAQ 100 (NDX) (2776) Daily and annual value levels are 2756, 2463 and 2385 with weekly, quarterly and monthly risky levels at 2825, 2798 and 2871. My semiannual risky level is 3196. Dow Transports (5911) Daily, annual, monthly and quarterly value levels are 5844, 5469, 5440 and 5094 with annual, semiannual and weekly risky levels at 5925, 5955 and 6127. Russell 2000 (913.67) Daily, annual, quarterly and annual value levels are 907.00, 860.25, 821.01 / 809.54 with a monthly pivot at 911.32, and weekly and semiannual risky levels at 948.81 and 965.51. The SOX (424.81) Monthly, quarterly and annual value levels are 409.08, 371.62 and 338.03 with a daily pivot at 425.10, and weekly, quarterly and semiannual risky levels at 432.14, 440.36 and 520.17.

    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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