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? January 25, 2013 Gold falls back below my monthly pivot at $1673.8. 10-Year Note (1.845) Annual and semiannual value levels are 1.981, 2.476 and 3.063 with a weekly pivot at 1.840 and daily and semiannual risky levels at 1.819 and 1.413. Comex Gold ($1667.7) Weekly and annual value levels are $1609.2 and $1599.9 with my monthly pivot at $1673.8, and semiannual, quarterly and annual risky levels at $1719.2, $1802.9 and $1852.1. Nymex Crude Oil ($96.01) Weekly and monthly value levels are $93.75 and $74.23 with quarterly and daily pivots at $95.84 and $96.66, and annual risky levels at $115.23 and $115.42. The Euro (1.3373) Semiannual and monthly value levels are 1.2797 and 1.2343 with annual, quarterly, daily and weekly pivots at 1.3257, 1.3334, 1.3339 and 1.3360. After failing at its 50-day SMA at $1695.0 on Wednesday, gold ended Thursday below my monthly pivot at $1673.8. Dow Industrials moved further above its quarterly pivot at 13,668. Dow Transports set another new all time closing high at 5854.94. Dow Industrials need to set a new closing high above 14,164.15 set on Oct 9, 2007 to confirm a Dow Theory Buy Signal. Quarterly and semiannual risky levels are 14,118 / 14,323 Dow Industrials, 1510.0 / 1566.9 S&P 500, 3274 and 3583 DASDAQ and 913.92 and 965.51 Russell 2000. Annual and semiannual risky levels are 5725 / 5955 Dow Transports. Daily Dow: (13,825) Monthly / annual value levels are 12,818, 12,696 and 12,509 with quarterly and daily pivots at 13,668 and 13,832, and quarterly and semiannual risky levels at 14,118 and 14,323. S&P 500 (1494.8) Quarterly, monthly and annual value levels are 1431.1, 1397.6 and 1348.3 with a daily pivot at 1496.7, and quarterly and semiannual risky levels at 1510.0 and 1566.9. NASDAQ (3130) Quarterly, monthly and annual value levels are 3071, 2934, 2806 and 2790 with a daily pivot at 3135, and quarterly and semiannual risky levels at 3274 and 3583. NASDAQ 100 (NDX) (2724) Monthly and annual value levels are 2610, 2463 and 2385 with weekly and daily pivots at 2733 and 2727, and quarterly risky levels at 2798 and 2920. Dow Transports (5855) Annual, quarterly and monthly value levels are 5469, 5094 and 5012 with a weekly pivot at 5725, and daily, annual and semiannual risky levels at 5869, 5925 and 5955. Russell 2000 (900.19) Annual, quarterly, monthly and annual value levels are 860.25, 821.01, 813.37 and 809.54 with quarterly and semiannual risky levels at 913.92 and 965.51. The SOX (410.24) Quarterly, monthly and annual value levels are 371.62, 347.83 and 338.03 with a weekly pivot at 412.87, and daily, quarterly and semiannual risky levels at 413.44, 440.36 and 520.17.
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