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? May 23, 2013 New highs, then potential key reversals!
10-Year Note (2.030) Annual and semiannual value levels are 2.476 and 3.063 with daily, annual and monthly pivots at 2.023, 1.981 and 1.945, and weekly and semiannual risky levels at 1.677 and 1.413. Comex Gold ($1363.7) Daily and weekly value levels are $1331.2 and $1318.1 with monthly, annual, semiannual, quarterly and annual risky levels at $1566.7, $1599.9, $1719.2, $1808.3 and $1852.1. Nymex Crude Oil ($94.17) Weekly, monthly and quarterly value levels are $93.99, $88.34 and $79.66 with a daily pivot at $94.28 and my annual risky level at $115.23. The Euro (1.2856) Semiannual, daily and quarterly value levels are 1.2797, 1.2796 and 1.2169 with weekly, annual and monthly risky levels at 1.2951, 1.3257 and 1.3597.

Dow Industrials, S&P 500 and the Russell 2000 set new all time highs on Wednesday with the Nasdaq setting a new multi-year high. The closes were below Tuesdays lows setting up potential key reversals given lower closes today and Friday. Dow Transports set its new all time high on Monday and ended Wednesday down 2.3% from that high.
Daily Dow: (15,307) Weekly, monthly, semiannual, quarterly and annual value levels are 15,281, 14,651, 14,323, 13,755 and 12,696 with a daily risky level at 15,439 and the May 22 all time high at 15,542.40. S&P 500 (1655.4) Weekly, monthly, semiannual, quarterly and annual value levels are 1650.2, 1587.3, 1566.9, 1448.7 and 1348.3 with a daily risky level at 1679.0 and the May 22 all time high at 1687.18. NASDAQ (3463) Weekly, monthly, quarterly and annual value levels are 3436, 3233, 3106 and 2806 with a daily risky level at 3511 and the May 22 multi-year high at 3532.04, and a semiannual risky at 3583. NASDAQ 100 (NDX) (2999) Weekly, quarterly, monthly and annual value levels are 2988, 2819, 2750 and 2463 with a daily risky level at 3031 and the May 22 multi-year high at 3053.51. Dow Transports (6416) Weekly, monthly, weekly, annual, semiannual and quarterly value levels are 6327, 6284, 6113, 5955, 5925, 5469 and 5324 with a daily risky level at 6560 and the May 22 all time high at 6562.85. Russell 2000 (982.26) Semiannual, monthly, weekly, annual and quarterly value levels are 965.51, 962.82, 962.08, 860.25, 809.54 and 807.82 with a risky level at 1000.66 and the May 22 high at 1008.23. The SOX (461.62) Weekly, monthly, quarterly, and annual value levels are 458.72, 419.92, 357.61 and 338.03 with a daily risky level at 464.90. My semiannual risky level is 520.17 with the July 2007 high at 549.39. Dow Utilities: (507.46) My semiannual value level is 474.63 with monthly and daily pivots at 509.53 and 511.45, and quarterly pivot at 524.16, and annual and weekly risky levels at 540.37 and 543.29. VE Morning Briefing If you want expanded analysis of the US Capital Markets go to this link and sign up: http://www.valuengine.com/nl/mainnl?nl=D