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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? November 20, 2012 The S&P 500 closed above key pivot and 200-day SMA.
10-Year Note (1.610) Semiannual, quarterly and annual value levels are 1.853, 2.109 and 2.502 with a weekly pivot at 1.586, and daily, monthly and semiannual risky levels at 1.463, 1.452 and 1.389. Comex Gold ($1731.7) Semiannual, weekly, monthly and annual value levels are $1702.5, $1687.7, $1643.3, $1639.8 and $1575.8 with daily, and quarterly risky levels at $1733.3, $1844.9 and $1881.4. Nymex Crude Oil ($89.18) Weekly, monthly and semiannual value levels are $83.34, $76.96 and $76.71 with a daily pivot at $88.42, and annual and quarterly risky levels at $103.58 and $107.63. The Euro (1.2807) Weekly, daily and monthly value levels are 1.2753, 1.2733 and 1.2289 with semiannual, quarterly, and annual risky levels at 1.2917, 1.3048, and 1.4239. The S&P 500 ended Monday above its annual pivot at 1363.2 and its 200-day simple moving average at 1382.5. The other major averages are below their 200-day SMAs at; 12,992 Dow Industrials, 2985 NASDAQ, 5122 Dow Transports and 806.71 on Russell 2000. The Russell 2000 traded higher continuing its key reversal process, which requires a higher close today. All major averages ended last week below their five-week modified moving averages at; 13,058 Dow Industrials, 1405.4 S&P 500, 2982 NASDAQ, 5022 Dow Transports and 809.68 Russell 2000 so the weekly charts stay negative. This weeks pivots / value levels are; 12,623 Dow Industrials, 1359.6 S&P 500, 2794 NASDAQ, 5096 Dow Transports and 766.63 Russell 2000. Monthly risky levels are; 13,143 Dow Industrials, 1418.7 S&P 500, 3028 NASDAQ, 5053 Dow Transports, and 807.15 Russell 2000. Annual value levels are 12,312 Dow Industrials and 2698 NASDAQ with my annual pivot at 1363.2 S&P 500, and my annual risky level at 836.15 Russell 2000. Daily Dow: (12,796) Weekly, daily, annual and semiannual value levels are 12,623, 12,510, 12,312 and 10,738 with monthly and annual and quarterly risky levels at 13,143, 14,032 and 14,192. S&P 500 (1386.9) Annual, weekly, daily and semiannual value levels are 1363.2, 1359.6, 1350.9 and 1059.7 with monthly, quarterly and annual risky levels at 1418.7, 1513.3 and 1562.9. NASDAQ (2916) Daily, weekly, annual and semiannual value levels are 2831, 2794, 2698 and 2527 with annual and semiannual value levels are 3028, 3232 and 3295. Dow Transports (4984) Daily and semiannual value levels are 4870, 4449 and 4129 with monthly, weekly, quarterly and annual risky levels at 5053, 5096, 5541 and 5861. Russell 2000 (793.06) Daily, weekly and semiannual value levels are 768.06, 766.63 and 686.25 with monthly and annual risky levels at 807.70 and 836.15. The SOX (363.14) Daily, monthly, weekly, and semiannual value levels are 354.36, 354.06, 342.27 and 326.30 with quarterly risky level at 439.97. 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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