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? February 6, 2013 Dow > 14K with Bond Yield > 3.20% = Overvalued Stocks!
10-Year Note (2.009) Daily, weekly, annual and semiannual value levels are 2.131, 2.102, 2.476 and 3.063 with my annual pivot at 1.981, and monthly and semiannual risky levels at 1.843 and 1.413. Comex Gold ($1673.1) Weekly and annual value levels are $1630.1 and $1599.9 with a daily pivot at $1666.5, semiannual, monthly, quarterly and annual and semiannual risky levels at $1719.2, $1793.7, $1802.9 and $1852.1. Nymex Crude Oil ($96.74) Monthly and quarterly pivots are $96.21 and $95.84 with daily, weekly, annual and semiannual risky levels at $97.94, $100.60, $115.23, $115.42 and $130.42. The Euro (1.3574) Quarterly, annual and semiannual value levels are 1.3334, 1.3257 and 1.2797 with a monthly pivot at 1.3570, and daily, weekly and annual risky levels at 1.3703, 1.3747 and 1.4295.

Overvalued valuations = sell strength to risky levels. Overbought weekly charts = sell strength to my risky levels. This weeks pivots / risky levels are; 13,901 Dow Industrials, 1515.2 S&P 500, 3205 NASDAQ, 6013 Dow Transports and 929.75 Russell 2000. My monthly / semiannual risky levels are 14,132 / 14,323 Dow Industrials, 1542.9 / 1566.9 S&P 500, and 3250 / 3583 NASDAQ. Annual and semiannual risky levels are 5925 / 5955 Dow Transports. My semiannual risky level is 965.51 on the Russell 2000. My quarterly pivots are; 13,668 Dow Industrials, 1431.1 S&P 500 and 3071 NASDAQ. My annual pivots are; 5469 on Dow Transports and 860.25 on the Russell 2000. Annual value levels are; 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ and 809.54 Russell 2000.
Daily Dow: (13,979) Quarterly and annual value levels are 13,668, 12,696 and 12,509 with a weekly pivot at 13,901, and daily, monthly and semiannual risky levels at 14,031, 14,132 and 14,323. S&P 500 (1511.3) Quarterly and annual value levels are 1431.1 and 1348.3 with daily and weekly pivots at 1514.6 and 1515.3 with monthly and semiannual risky levels at 1542.9 and 1566.9. NASDAQ (3172) Quarterly and annual value levels are 3071, 2806 and 2790 with daily, weekly, monthly and semiannual risky levels at 3180, 3205, 3250 and 3583. NASDAQ 100 (NDX) (2755) Annual value levels are 2463 and 2385 with daily, weekly, quarterly and monthly risky levels at 2761, 2777, 2798 and 2871. My semiannual risky level is 3196. Dow Transports (5884) Annual, monthly and quarterly value levels are 5469, 5440 and 5094 with a daily pivot at 5846, and annual, semiannual and weekly risky levels at 5925, 5955 and 6013. Russell 2000 (908.21) Annual, quarterly / annual value levels are 860.25, 821.01 / 809.54 with daily and monthly pivots at 909.84 / 911.32, and weekly / semiannual risky levels at 929.75 / 965.51. The SOX (420.69) Monthly, quarterly and annual value levels are 409.08, 371.62 and 338.03 with daily and weekly pivots at 422.61 and 423.03, and quarterly and semiannual risky levels at 440.36 and 520.17. .

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