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Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in Newtown, PA.

ValuEngine covers over 7,000 stocks every day. A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks, and commentary can be found http://www.valuengine.com/nl/mainnl To unsubscribe from this free email newsletter list, please click

http://www.valuengine.com/pub/Unsubscribe? July 6, 2012 A close today > or < 1363.2 on S&P 500 keys near term volatility
10-Year Note (1.597) Semiannual, quarterly and annual value level at 1.853, 1.869 and 2.502 with daily and monthly pivots at 1.550 and 1.568, and weekly and semiannual risky levels at 1.438 and 1.389. Mondays low yield was a test of the monthly risky level, now a pivot at 1.568. Comex Gold ($1603.7) Monthly, annual, weekly and annual value levels are $1578.3, $1575.8, $1546.8 and $1388.4 with a daily pivot at $1608.04, and semiannual and quarterly risky levels at $1643.3, $1702.5 and $1805.8. The 50-day / 200-day SMAs: $1601.1 / $1663.1. Nymex Crude Oil ($86.88) Semiannual and weekly value levels are $76.71 and $74.55 with the October 4th low at $74.95, a daily pivot at $85.89, and monthly, annual and quarterly risky levels at $100.47, $103.58 and $107.63. Another annual risky level is $117.00. The Euro (1.2389) Weekly, monthly and semiannual value levels are 1.2170, 1.2168 and 1.1078 with a daily pivot at 1.2444, and semiannual, annual and quarterly risky levels at 1.2917, 1.4239 and 1.4583. The most important level for the major equity averages remains my annual pivot at 1363.2 on the S&P 500. A weekly close above 1363.2 targets new monthly risky levels at: 13,471 Dow Industrials, 1418.6 SPX, 3059 NASDAQ, 5422 Dow Transports, and 834.07 Russell 2000. My annual value level is 12,312 Dow Industrials with the annual pivot at 1363.3 SPX, an annual value level at 2698 NASDAQ and annual risky level at 836.15 Russell 2000. A weekly close below 1363.2 on S&P 500 indicates risk to my semiannual value levels at: 10,738 Dow Industrials, 1059.7 SPX, 2527 NASDAQ, 4449, 4129 Dow Transports and 686.25 Russell 2000. Daily Dow: (12,897) Daily, annual, weekly and semiannual value levels are 12,860, 12,312, 12,181 and 10,738 with monthly, annual and quarterly risky levels at 13,473, 14,032 and 14,493. S&P 500 (1367.6) Daily, weekly and semiannual value levels are 1360.9, 1291.4 and 1059.7 with my annual pivot at 1363.2, and weekly, quarterly and annual risky levels at 1418.6, 1539.8 and 1562.9. NASDAQ (2976) Daily, weekly, annual and semiannual value levels are 2936, 2775, 2698 and 2527 with monthly, annual and quarterly risky levels at 3058, 3232 and 3348. Dow Transports (5249) Daily, weekly and semiannual value levels are 5191, 4919, 4449 and 4129 with monthly, annual and quarterly risky levels at 5422, 5861, 6111 and 6044. The all time high is 5627.85 set on July 11, 2011. Russell 2000 (817.43) Daily, weekly and semiannual value levels are 811.24, 753.44 and 686.25 with monthly, annual and quarterly risky levels at 834.07, 836.15 and 933.42. The all time high is 868.57 set on May 2, 2011. 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

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