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? June 20, 2013 Yields rise, stocks slump on continuing failed FOMC policy.
10-Year Note (2.347) Annual and semiannual value levels are 2.476 and 3.063 with daily and weekly pivots at 2.278 and 2.259 and monthly, annual and semiannual risky levels at 2.092, 1.981 and 1.413. Comex Gold ($1349.5) Daily and monthly pivots are $1369.6 and $1379.5 with weekly, annual, semiannual, quarterly and annual risky levels at $1412.2, $1599.9, $1719.2, $1808.3 and $1852.1. Nymex Crude Oil ($97.88) Monthly and quarterly value levels are $92.32 and $79.66 with a daily pivot at $97.88, and weekly and annual risky levels at $102.71 and $115.23. The Euro (1.3278) Weekly, semiannual and quarterly value levels are 1.3124, 1.2797 and 1.2169 with annual and monthly pivots at 1.3257 and 1.3322, and daily risky level at 1.3429.

We are back on weekly close watch versus five-week modified moving averages at; 15,036 Dow Industrials, 1621.3 S&P 500, 3405 Nasdaq, 6295 Dow Transports and 971.94 Russell 2000. The May 20 / May 22 highs are; 15,542.40 Dow Industrials, 1687.18 S&P 500, 3532.04 Nasdaq, 6568.41 Dow Transports and 1008.23 Russell 2000. My annual value levels are; 12.696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports and 809.54 Russell 2000.
Daily Dow: (15,112) Daily, monthly, semiannual, quarterly and annual value levels are 15,046, 14,739, 14,323, 13,755 and 12,696 with the May 22 all time high at 15,542.40, and weekly risky level at 15,667. S&P 500 (1628.9) Daily, monthly, semiannual, quarterly and annual value levels are 1621.8, 1602.8, 1566.9, 1448.7 and 1348.3 with the May 22 all time high at 1687.18, and weekly risky level at 1705.9. NASDAQ (3443) Daily, monthly, quarterly and annual value levels are 3420, 3288, 3106 and 2806 with the May 22 multi-year high at 3532.04, and semiannual and week risky levels at 3583 and 3644. NASDAQ 100 (NDX) (2960) Daily, quarterly, monthly and annual value levels are 2936, 2819, 2784 and 2463 with the May 22 multi-year high at 3053.51 and weekly risky level at 3141. Dow Transports (6283) Daily, semiannual, annual and quarterly value levels are 6255, 5955, 5925, 5469 and 5324 with the May 20 all time high at 6562.85, and weekly and monthly risky levels at 6612 and 6734. Russell 2000 (986.50) Monthly, semiannual, annual and quarterly value levels are 978.21, 965.51, 860.25, 809.54 and 807.82 with a daily pivot at 985.34, the May 22 high at 1008.23, and weekly risky level at 1038.6. The SOX (474.51) Daily, monthly, quarterly and annual value levels are 468.54, 458.41, 357.61 and 338.03 with a weekly risky level at 506.46, a semiannual risky level is 520.17 and the July 2007 high at 549.39. Dow Utilities: (479.38) Weekly and semiannual value levels are 478.78 and 474.32 with daily and monthly pivots at 480.50 and 491.15, a quarterly risky level at 524.16 and annual risky level at 540.37.
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