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? March 8, 2013 The next major semiannual risky level is 1566.9 on the S&P 500.
10-Year Note (1.991) Semiannual value levels are 2.476 and 3.063 with my annual pivot at 1.981, and daily, weekly, monthly and semiannual risky levels at 1.949, 1.932, 1.796 and 1.413. Comex Gold ($1577.7) The December 2011 low is $1523.9 with annual pivot at $1599.9, and weekly, semiannual, monthly, quarterly and annual risky levels at $1604.8, $1719.2, $1737.6, $1802.9 and $1852.1. Nymex Crude Oil ($91.56) The 200-week SMA is $86.64 with the 200-day SMA at $90.35, and weekly, quarterly, monthly and annual risky levels at $95.72, $95.84, $98.23, $115.23 and $115.42. The Euro (1.3103) Daily and semiannual value levels are 1.3054 and 1.2797 with monthly, annual, quarterly, weekly and annual risky levels at 1.3249, 1.3257, 1.3334, 1.3430 and 1.4295.

The Dow Industrials closed Thursday just above my semiannual risky level, now a pivot at 14,323. If Fridays close is above this level the next upside is to my semiannual risky level at 1566.9 on the S&P 500. My semiannual and annual pivots are 5955 and 5925 on Dow Transports. Longer term quarterly and annual value levels are; 13,668 and 12,696 Dow Industrials, 1431.1 and 1348.3 S&P 500, 3071 and 2806 NASDAQ, 5469 Dow Transports and 860.25 Russell 2000.
Daily Dow: (14,329) Monthly, quarterly and annual value levels are 13,949, 13,920, 13,668, 12,696 and 12,509 with a semiannual pivot at 14,323, and weekly and daily risky levels at 14,387 and 14,540. Set a new all time high at 14,354.69 on February 7, 2013 with a new all time closing high at 14,329.4. S&P 500 (1544.3) Monthly, quarterly and annual value levels are 1528.6, 1431.1 and 1348.3 with weekly, daily and semiannual risky levels at 1547.7, 1565.7 and 1566.9. The October 2007 high is 1576.09. NASDAQ (3232) Monthly, quarterly and annual value levels are 3197, 3071, 2806 and 2790 with a weekly pivot at 3226 and daily and semiannual risky levels at 3265 and 3583. NASDAQ 100 (NDX) (2799) Annual value levels are 2463 and 2385 with weekly and semiannual pivots at 2779 and 2798, and monthly and daily risky levels at 2809 and 2830. The September 21, 2012 high is 2878.38. Dow Transports (6081) Semiannual, annual, monthly, annual and quarterly value levels are 5955, 5925, 5522, 5469 and 5094 with weekly and daily risky levels at 6192 and 6238. Russell 2000 (934.57) Monthly, annual, quarterly and annual value levels are 913.99, 901.68, 860.25, 821.01 and 809.54 with weekly, daily and semiannual risky levels at 936.95, 943.94 and 965.51. The Russell 2000 set another new all time high at 934.57 on March 7. The SOX (434.68) Monthly, quarterly and annual value levels are 404.22, 371.62 and 338.03 with daily, quarterly, weekly and semiannual risky levels at 440.40, 440.36, 441.87 and 520.17. 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