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 31, 2013 The Leaders Up Can Become the Leaders Down. 10-Year Note (1.997) Annual and semiannual value levels are 2.476 and 3.063 with weekly, daily and annual pivots at 2.015, 1.968 and 1.981, and semiannual risky level at 1.413. Comex Gold ($1675.8) Daily, weekly and annual value levels are $1658.8, $1627.4 and $1599.9 with semiannual, quarterly and annual and semiannual risky levels at $1719.2, $1802.9 and $1852.1. Nymex Crude Oil ($98.02) My weekly value level is $94.82 with quarterly and daily pivots at $95.84 and $97.87, and annual and semiannual risky levels at $115.23, $115.42 and $130.42. The Euro (1.3564) Quarterly, annual, semiannual and monthly value levels are 1.3334, 1.3257, 1.2797 and 1.2343 with weekly and daily pivots at 1.3466 and 1.3446 and annual risky level at 1.4295. The Dow Transports and Russell 2000 have stopped seeing new all time highs, and my annual pivots are 5469 and 860.25 respectively. This weeks value levels are 13,815 Dow Industrials, 1493.7 S&P 500 and 3121 NASDAQ with a weekly pivot at 5863 Dow Transports and weekly risky level at 909.02 Russell 2000. Quarterly and annual risky levels are; 14,118 / 14,323 Dow Industrials, 1510.8 / 1566.9 S&P 500, 3274 / 3583 NASDAQ and 913.92 / 965.51 Russell 2000. Annual and semiannual risky levels are 5925 / 5955 Dow Transports. Daily Dow: (13,910) Weekly, quarterly and annual value levels are 13,815, 13,668, 2,696 and 12,509 with daily, quarterly and semiannual risky levels at 14,075, 14,118 and 14,323. S&P 500 (1502.0) Weekly, quarterly and annual value levels are 1493.7, 1431.1 and 1348.3 with daily, quarterly and semiannual risky levels at 1515.3, 1510.0 and 1566.9. NASDAQ (3142) Weekly, quarterly and annual value levels are 3121, 3071, 2806 and 2790 with daily, quarterly and semiannual risky levels at 3154, 3274 and 3583. NASDAQ 100 (NDX) (2739) Weekly and annual value levels are 2706, 2463 and 2385 with a daily pivot at 2736 and quarterly risky levels at 2798 and 2920. Dow Transports (5784) Annual and quarterly value levels are 5469 and 5094 with a weekly pivot at 5863, and daily, annual and semiannual risky levels at 5931, 5925 and 5955. Russell 2000 (896.91) Annual, quarterly and annual value levels are 860.25, 821.01 and 809.54 with daily, weekly, quarterly and semiannual risky levels at 910.09, 909.02, 913.92 and 965.51. The SOX (414.10) Quarterly and annual value levels are 371.62 and 338.03 with a daily pivot at 413.57, and weekly, quarterly and semiannual risky levels at 421.11, 440.36 and 520.17.
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