close, but no new dow theory buy signal!
TRANSCRIPT
8/8/2019 Close, but no new Dow Theory Buy Signal!
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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. ValuEnginecovers over 7,000 stocks every day.
A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks
and commentary can be found at http://www.valuengine.com/nl/mainnl
December 14, 2010 – Close, but no new Dow Theor y Buy Signal !
The yield on the 10-Year note tested 3.395 on Monday with my semiannual value level at 3.479.
Comex Gold is between this week’s value level at $1377.4 and my monthly risky level at$1443.5. Nymex Crude oil should continue to trade around my weekly pivot at $88.76 this weekThe euro moved above my quarterly pivot at 1.3318 on Monday. The Dow Industrial Averageneeds to close above 11,444.08 to confirm another Dow Theory Buy Signal, and a close abovethis week’s pivot at 11,467 signals a year end MOJO run. This week’s risky levels / pivots are1242.9 SPX, 2643 NASDAQ, 5141 Transports, 770.13 Russell 2000, and 428.02 Sox.
10-Year Note – (3.288) Daily and semiannual value levels are 3.362 and 3.479 with a weekly pivot at3.176, and annual pivots at 2.999 and 2.813, and quarterly, semiannual and monthly risky levels at2.265, 2.249 and 1.949.
Courtesy of Thomson / Reuters
8/8/2019 Close, but no new Dow Theory Buy Signal!
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Comex Gold – ($1394.6) Weekly, Quarterly, semiannual and annual value levels are $1377.4,$1306.4, $1260.8, $1218.7 and $1115.2 with a daily pivot at $1404.8, and monthly risky level at
$1443.5.
Courtesy of Thomson / Reuters
Nymex Crude Oil – ($88.27) Semiannual, annual and monthly value levels are $83.94, $77.05 and$75.50 with a weekly pivot at $88.76, and daily, semiannual and annual risky levels at $90.05, $96.53
and $97.29.
Courtesy of Thomson / Reuters
8/8/2019 Close, but no new Dow Theory Buy Signal!
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The Euro – (1.3389) Weekly and monthly value levels are 1.3227 and 1.2500 with my quarterly pivotat 1.3318, and daily and semiannual risky levels at 1.3466 and 1.4733.
Courtesy of Thomson / Reuters
Daily Dow: (11,429) Semiannual, annual, monthly and quarterly value levels are 10,558, 10,379,10,325 and 8,523 with annual and semiannual pivots at 11,235 and 11,296, and weekly and daily riskylevels at 11,467 and 11,517. The Dow Industrial Average needs a close above 11,444.08 toconfirm another Dow Theory Buy Signal. If not the Dow risks a double-top below 11,500instead.
Courtesy of Thomson / Reuters
8/8/2019 Close, but no new Dow Theory Buy Signal!
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That’s today’s Four in Four. Have a great day.
Richard Suttmeier
Chief Market StrategistValuEngine.com, (800) 381-5576
Send your comments and questions to [email protected]. For more information on our products and services visitwww.ValuEngine.com
As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. I have daily, weekly, monthly, andquarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. Mynewest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go HERE to review sample issues andfind out more about my research.
“I Hold No Positions in the Stocks I Cover.”