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

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http://www.valuengine.com/pub/Unsubscribe? August 7, 2013 Nasdaq & Russell 2000 tested their monthly and weekly pivots.
10-Year Note (2.640) Weekly and semiannual value levels are 2.887 and 3.227 with a daily pivot at 2.643, and monthly, annual, and semiannual risky levels at 2.601, 2.476, 1.981 and 1.719. Comex Gold ($1283.0) Monthly and weekly value levels are $1229.7 and $1210.5 with a daily pivot at $1285.3, and annual, quarterly and annual risky levels at $1599.9, $1603.0 and $1852.1. Nymex Crude Oil ($105.47) Monthly and quarterly value levels are $104.48 and $91.75 with a daily pivot at $105.30 and weekly, semiannual and annual risky levels at $109.18, $109.84 and $115.23. The Euro (1.3307) Weekly, semiannual and quarterly value levels are 1.3079, 1.2477 and 1.1545 with annual and monthly pivots at 1.3257 and 1.3313, and annual risky level at 1.4295. The Nasdaq returned to its monthly pivot at 3663 on Tuesday with the Russell 2000 just below its weekly pivot at 1053.08. This weeks value levels are 15,374 Dow Industrials, 1676.8 S&P 500, 3607 Nasdaq and 6475 Dow Transports with a weekly pivot at 1053.08 Russell 2000 and a monthly pivot at 3663 Nasdaq. Monthly and semiannual risky levels at 16,188 and 16,490 Dow Industrials, 1742.5 and 1743.5 S&P 500, 3759 Nasdaq, 7087 and 7104 Dow Transports and 1092.24 and1089.42 Russell 2000. My quarterly value levels are 14,288 Dow Industrials, 1525.6 S&P 500, 3284 Nasdaq, 5348 Dow Transports and 863.05 Russell 2000. My annual value levels are 12.696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports and 809.54 Russell 2000.
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Daily Dow: (15,519) Weekly, quarterly and annual value levels are 15,374, 14,288 and 12,696 with a daily pivot at 15,564, the August 2 all time high at 15,658.43, and monthly and semiannual risky levels at 16,188 / 16,490. S&P 500 (1697.4) Weekly, quarterly and annual value levels are 1676.8, 1525.6 and 1348.3 with a daily pivot at 1702.4, the August 2 all time high at 1709.67, and monthly and semiannual risky levels at 1742.5 and 1743.5. NASDAQ (3666) Weekly, quarterly and annual value levels are 3607, 3284 and 2806 with a monthly pivot at 3663, the August 5 multi-year high at 3694.18, and daily and semiannual risky levels at 3694 and 3759. NASDAQ 100 (NDX) (3122) Monthly, weekly, quarterly and annual value levels are 3080, 3050, 2983 and 2463 with the August 5 multi-year high at 3145.25, and daily and semiannual risky levels at 3156 and 3304. Dow Transports (6516) Weekly, annual / quarterly value levels are 6475, 6346, 5925, 5469 / 5348 with a daily pivot at 6609, August 1 all time high at 6686.86, and monthly / semiannual risky levels at 7087 and 7104. Russell 2000 (1052.14) Quarterly / annual value levels are 863.05, 860.25 / 809.54 with daily / weekly pivots at 1049.15 / 1053.08, August 5 all time high 1063.52, monthly / semiannual risky levels at 1092.24 / 1089.42. The SOX (478.68) Quarterly and annual value levels are 404.59 and 338.03 with daily and weekly pivots at 479.48 and 481.22, and monthly and semiannual risky levels at 513.89 and 533.56. Dow Utilities: (502.17) My weekly value level is 501.01 with daily, quarterly, semiannual, monthly and annual risky levels at 509.19, 510.38, 523.33, 530.15 and 540.37.

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