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 17, 2012 The Dow and S&P 500 straddle weekly and monthly pivots. 10-Year Note (1.724) Daily, semiannual, quarterly and annual value levels are 1.773, 1.853, 2.109 and 2.502 with a monthly pivot at 1.681, and weekly and semiannual risky levels at 1.566 and 1.389. Comex Gold ($1749.1) Daily, semiannual, monthly and annual value levels are $1730.3, $1702.5, $1643.3, $1606.0 and $1575.8 with weekly and quarterly risky levels at $1878.5 and $1881.4. Nymex Crude Oil ($92.08) My semiannual value level is $76.71 with daily, monthly and weekly pivots at $91.34, $91.34 and $91.93, and annual and quarterly risky levels at $103.58 and $107.63. The Euro (1.3051) Daily, semiannual and monthly value levels are 1.2920, 1.2917 and 1.2589 with my quarterly pivot at 1.3048, and weekly and annual risky levels at 1.3408 and 1.4239. The Dow Industrial Average is above its weekly and monthly pivots at 13,488 and 13,506. The S&P 500 is below its weekly and monthly risky levels at 1457.5 and 1468.0. The NASDAQ is also below its weekly and monthly risky levels at 3141 and 3210. Dow Transports is above its weekly and monthly value levels at 4884 and 4859. The Russell 2000 straddles its weekly and monthly levels at 849.10 and 827.70 with the annual pivot at 836.15. This mix represents our overall neutral zone. On the 10Year yield my monthly pivot is a magnet at 1.681. For crude oil my monthly pivot at $91.34 remains a magnet. For the euro versus the dollar my quarterly pivot is 1.3048. Daily Dow: (13,552) Daily and annual value levels are 13,357 and 12,312 with weekly and monthly pivots are 13,488 and 13,506, and annual and quarterly risky levels at 14,032 and 14,192. S&P 500 (1454.9) Daily, annual and semiannual value levels are 1428.0, 1363.2 and 1059.7 with weekly, monthly, quarterly and annual risky levels at 1457.5, 1468.0, 1513.3 and 1562.9. NASDAQ (3101) Daily, annual and semiannual value levels are 3012, 2698 and 2527 with weekly, monthly, annual and quarterly risky levels at 3141, 3210, 3232 and 3295. Dow Transports (5119) Daily, weekly, monthly and semiannual value levels are 5089, 4884, 4859, 4449 and 4129 with quarterly and annual risky levels at 5541 and 5861. Russell 2000 (835.42) Daily and semiannual value levels are 819.35 and 686.25 with a monthly pivot at 827.70, and annual and weekly risky levels at 836.15 and 849.10. The SOX (380.26) Daily and semiannual value levels are 365.59 and 326.30 with weekly and monthly pivots at 371.98 and 385.39, and quarterly risky level at 439.97.
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