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 3, 2012 The Equity Averages Straddle Weekly and Monthly Levels. 10-Year Note (1.615) Weekly, semiannual, quarterly and annual value levels are 1.823, 1.853, 2.109 and 2.502 with a monthly pivot at 1.681, and daily and semiannual risky levels at 1.539 and 1.389. Comex Gold ($1777.9) Semiannual, monthly and annual value levels are $1702.5, $1643.3, $1606.0 and $1575.8 with weekly and quarterly risky levels at $1826.3, $1844.9 and $1881.4. Nymex Crude Oil ($91.71) My semiannual value level is $76.71 with daily and monthly pivots at $91.71 and $91.34, and weekly, annual and quarterly risky levels at $98.53, $103.58 and $107.63. The Euro (1.2920) Daily and monthly value levels 1.2850 and 1.2589 with a semiannual pivot at 1.2917, and weekly, quarterly and annual risky levels at 1.3024, 1.3048 and 1.4239. So far this week my weekly and monthly levels have kept the equities markets reversal-oriented. Dow Industrials have tested both weekly and monthly levels at 13,506 and 13,590. Dow Transports has stayed between its monthly and weekly levels at 4859 and 4996. The Russell 2000 has been between its monthly level at 827.70 and its weekly level at 873.77 influenced by its annual pivot at 836.15. The S&P 500 and NASDAQ have stayed below monthly and weekly levels at 1468.0 / 1472.8 S&P 500 and 3210 / 3232 A / 3247 NASDAQ. The SOX tested its monthly level at 385.39 staying below its weekly level at 404.06. This pattern should continue this week and next. Daily Dow: (13,482) Daily, annual and semiannual value levels are 13,384, 12,312 and 10,738 with a monthly pivot at 13,506, and weekly, annual and quarterly risky levels at 13,590, 14,032 and 14,192. S&P 500 (1445.8) Daily, annual and semiannual value levels are 1432.1, 1363.2 and 1059.7 with monthly, weekly, quarterly and annual risky levels at 1468.0, 1472.8, 1513.3 and 1562.9. NASDAQ (3120) Daily, annual and semiannual value levels are 3082, 2698 and 2527 with monthly, annual, weekly, and quarterly risky levels at 3210, 3232, 3247 and 3295. Dow Transports (4908) Daily, monthly and semiannual value levels are 4872, 4859, 4449 and 4129 with weekly, quarterly and annual risky levels at 4996, 5541 and 5861. Russell 2000 (840.51) Daily, monthly and semiannual value levels are 833.53, 827.70 and 686.25, my annual pivot at 836.15, and weekly, quarterly and annual risky levels at 873.77, 911.28 and 969.09. The SOX (382.96) Daily and semiannual value levels are 373.21 and 326.30 with a monthly pivot at 385.39 and weekly and quarterly risky levels at 404.06 and 439.97.
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