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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.

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http://www.valuengine.com/pub/Unsubscribe? May 3, 2013 The S&P 500 ekes out yet another new all time high.
10-Year Note (1.624) Weekly, monthly, annual and semiannual value levels are 1.758, 1.945, 1.981, 2.476 and 3.063 with a daily pivot at 1.640, and semiannual risky level at 1.413. Comex Gold ($1466.2) The 200-week SMA is $1440.6 with daily, weekly, monthly, annual, semiannual, quarterly and annual risky levels at $1486.2, $1481.0, $1566.7, $1599.9, $1719.2, $1808.3 and $1852.1. Nymex Crude Oil ($93.99) Monthly and quarterly value levels are $88.34 and $79.66 with a weekly, pivot at $94.40, and daily, monthly and annual risky levels at $95.92, $98.93 and $115.23. The Euro (1.3063) Weekly, semiannual and quarterly value levels are 1.3001, 1.2797 and 1.2169 with a daily pivot at $1.3080, and annual and monthly risky levels at 1.3257 and 1.3597. A new all time high for the S&P 500 is just fractionally higher at 1598.60. My semiannual value level is 14,323 Dow Industrials with semiannual pivots at 1566.9 S&P 500 and 5955 on Dow Transports, and my semiannual risky level at 965.51 on Russell 2000. For May I show monthly value levels at 14,651 Dow Industrials and 3233 NASDAQ with a monthly pivot at 1587.3 S&P 500, and monthly risky levels at 6284 Dow Transports and 962.82 on Russell 2000. My annual value levels at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 NASDAQ, 5469 Dow Transports and 809.54 Russell 2000 will be tested in 2013. Daily Dow: (14,832) Monthly, semiannual, quarterly and annual value levels are 14,651, 14,323, 13,755 and 12,696 with daily and weekly risky levels at 14,951 and 15,111. S&P 500 (1597.6) Semiannual, quarterly and annual value levels are 1566.9, 1448.7 and 1348.3 with a monthly pivot at 1587.3, and daily and weekly risky levels at 1614.0 and 1615.1. NASDAQ (3341) Monthly, quarterly and annual value levels are 3233, 3106 and 2806 with a weekly pivot at 3335, and daily and semiannual risky levels at 3372 and 3583. NASDAQ 100 (NDX) (2911) Quarterly, monthly and annual value levels are 2819, 2750 and 2463 with a weekly pivot at 2877 and daily risky level at 2925. Dow Transports (6094) Annual, monthly, semiannual and quarterly value levels are 5925, 5960, 5955, 5469 and 5324 with daily, weekly and monthly risky levels at 6160, 6303 and 6284. Russell 2000 (939.85) Annual and quarterly value levels are 860.25, 809.54 and 807.82 with daily, weekly, monthly and annual risky levels at 959.16, 961.25, 962.82 and 965.51. The SOX (446.89) Monthly, quarterly, and annual value levels are 419.92, 357.61 and 338.03 with a weekly pivot at 436.31 and daily risky level at 458.82. Dow Utilities: (530.95) Quarterly, monthly and semiannual value levels are 524.16, 509.53 and 474.63 with daily, weekly and annual risky levels at 537.29, 545.18 and 540.37.
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