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? June 7, 2012 The Dow is back above 12,312 but will in be there at Fridays close? The Key Levels for the US Capital Markets 10-Year Note (1.666) Semiannual and monthly value levels are 1.903 and 1.909 with daily, quarterly, semiannual and weekly risky levels at 1.473, 1.407, 1.385 and 1.370. Comex Gold ($1619.5) My annual value level is $1388.4 with my annual pivot at $1575.8, a weekly pivot at $1612.1, and daily, semiannual and monthly risky levels at $1631.4, $1635.8, $1659.4 and $1695.4. My quarterly risky level is $1871.9. The 50-day / 200-day SMAs: $1621.0 / $1684.0. Nymex Crude Oil ($85.50) Daily and semiannual value levels are $81.99 and $79.83 with a weekly pivot at $86.55 and quarterly, annual and semiannual risky levels at $101.55, $103.58 and $104.84. The Euro (1.2573) My daily value level is 1.2408 with weekly, monthly, semiannual and quarterly risky levels at 1.2646, 1.2815, 1.2980 and 1.3366. The June 2010 low is 1.1880. The rebound I projected for Wednesday went beyond my annual pivot at 12,312. We need to have a weekly close above 12,656 to turn the weekly chart to neutral from negative. My quarterly risky level is 12,794. A weekly close below 12,312 indicates risk to my annual value level at 2698 on NASDAQ. Daily Dow: (12,415) My daily value level is 12,143 with weekly and annual pivots at 12,279 and 12,312, quarterly risky level at 12,794, and annual and monthly risky levels are 14,032 and 14,201. S&P 500 (1315.1) Daily and weekly value levels are 1289.5 and 1278.3 with quarterly, annual, monthly and annual risky levels at 1337.7, 1363.2, 1504.8 and 1562.9. NASDAQ (2845) Daily, weekly and annual value levels are 2794, 2716 and 2698 with quarterly, annual and monthly risky levels at 2911, 3232 and 3248. Dow Transports (5016) Weekly and daily value levels are 4903 and 4888 with a quarterly risky level at 5420, and the all time high set at 5627.85 on July 11, 2011. Russell 2000 (765.17) Daily and weekly value levels at 748.65 and 736.52 with quarterly and annual risky levels at 829.34 and 836.15, and the all time high set at 868.57 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