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 24, 2012 The NASDAQ & Russell 2000 is approaching their 200-day SMA. 10-Year Note (1.762) Daily, semiannual, quarterly and annual value levels are 1.834, 1.853, 2.109 and 2.502 my weekly pivot at 1.743, and monthly and semiannual risky levels at 1.681 and 1.389.. Comex Gold ($1707.7) Daily, semiannual, monthly and annual value levels are $1698.8, $1702.5, $1643.3, $1606.0 and $1575.8 with weekly and quarterly risky levels at $1826.5 and $1881.4. Nymex Crude Oil ($86.49) My semiannual value level is $76.71 with daily, weekly and monthly pivots at $87.86, $90.46 and $91.34, and annual and quarterly risky levels at $103.58 and $107.63. The Euro (1.2980) Semiannual and monthly value levels are 1.2917 and 1.2589 with a quarterly pivot at 1.3048, and daily, weekly and annual risky levels at 1.3117, 1.3352 and 1.4239. Tuesdays low on the NASDAQ was 2974 versus the 200-day simple moving average at 2972. The Russell 2000 traded as low as 807.24 versus the 200-day SMA at 805.26. The major equity averages straddle their 50-day SMAs at 13,355 Dow Industrials, 1434.3 S&P 500, 3096 NASDAQ, 5058 Dow Transports and 831.29 Russell 2000. Dow Transports is the only index above weekly and monthly value levels at 4960 and 4859. The other major averages are below weekly and monthly pivots / risky levels at; 13,649 / 13,506 Dow Industrials, 1470.4 / 1468.0 S&P 500, 3125 / 3210 NASDAQ, 861.94 / 827.70 Russell 2000 and 370.21 / 385.39 SOX. 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. Daily Dow: (13,103) Annual and semiannual value levels are 12,312 and 10,738 with daily, monthly, weekly and annual and quarterly risky levels at 13,408, 13,506, 13,649, 14,032 and 14,192. S&P 500 (1413.1) Annual and semiannual value levels are 1363.2 and 1059.7 with daily, monthly, weekly, quarterly and annual risky levels at 1441.6, 1468.0, 1470.4, 1513.3 and 1562.9. NASDAQ (2990) Annual and semiannual value levels are 2698 and 2527 with daily, weekly, monthly, annual and quarterly risky levels at 3037, 3125, 3210, 3232 and 3295. Dow Transports (5107) Weekly, monthly and semiannual value levels are 4960, 4859, 4449 and 4129 with daily, quarterly and annual risky levels at 5199, 5541 and 5861. Russell 2000 (816.20) My semiannual value level is 686.25 with daily, monthly, annual and weekly risky levels at 823.65, 827.70, 836.15 and 861.94. The SOX (366.05) My semiannual value level is 326.30 with daily, weekly, monthly and quarterly risky levels at 372.96, 370.21, 385.39 and 439.97.
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