Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in Melbourne, FL.

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http://www.valuengine.com/pub/Unsubscribe? July 22, 2013 The risk / reward in Dow terms upside 6.1%, downside 18.3%
10-Year Note (2.484) Weekly and semiannual value levels are 2.817 and 3.227 with my annual pivot at 2.476, and daily, monthly, annual and semiannual risky levels at 2.458, 2.284, 1.981 and 1.719. Comex Gold ($1294.4) My weekly value level is $1233.1 with a monthly pivot at $1289.4, and daily, annual, quarterly and annual risky levels at $1316.8, $1599.9, $1603.0 and $1852.1. Nymex Crude Oil ($108.36) Monthly and quarterly value levels are $101.69 and $91.75 with a weekly pivot at $106.56 and daily, semiannual and annual risky levels at $109.38, $109.84 and $115.23. The Euro (1.3141) Semiannual and quarterly value levels are 1.2477 and 1.1545 with daily, weekly, monthly and annual risky levels at 1.3393, 1.3265, 1.3231 and 1.3257. The downside to 12,696 on the Dow Industrial is 18.3% while the upside to 16,490 is 6.1%. This weeks value levels are 15,104 Dow Industrials, 1638.4 S&P 500, 3511 Nasdaq, 6299 Dow Transports and 1023.98 Russell 2000 with monthly pivots at 15,437 Dow Industrials, 1669.0 S&P 500, 3510 Nasdaq and 1030.75 Russell 2000 and monthly risky level at 6758 on Dow Transports. My quarterly value levels are 14,288 Dow Industrials, 1525.6 S&P 500, 3284 Nasdaq, 5348 Dow Transports and 863.05 Russell 2000. My annual value levels are 12.696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports and 809.54 Russell 2000. My semiannual risky levels are 16,490 Dow Industrials, 1743.5 S&P 500, 3759 Nasdaq, 7104 Dow Transports and 1089.42 Russell 2000.
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Daily Dow: (15,544) Weekly, quarterly / annual value levels are 15,104, 14,288 / 12,696 with my monthly pivot at 15,437, July 18 all time high at 15,589.40, daily risky level at 15,646, my semiannual risky level at 16,490. S&P 500 (1692.1) Weekly, quarterly / annual value levels are 1638.4, 1525.6 / 1348.3 with a monthly pivot at 1669.0, July 18 all time high at 1693.12, a daily risky level at 1707.9, and my semiannual risky level at 1743.5. NASDAQ (3588) Weekly, monthly, quarterly and annual value levels are 3511, 3510, 3284 and 2806 with the July 18 multi-year high at 3624.54, a daily risky level at 3674, and semiannual risky level at 3759. NASDAQ 100 (NDX) (3045) Quarterly, monthly, weekly and annual value levels are 2983, 2978, 2973 and 2463 with the July 18 multi-year high at 3091.21, a daily risky level at 3138, and semiannual risky level at 3304. Dow Transports (6587) Weekly, annual / quarterly value levels are 6299, 5925, 5469 / 5348 with the July 19 all time high at 6608.87, daily pivot at 6542, and monthly risky level at 6758, and semiannual risky level at 7104. Russell 2000 (1050.48) Weekly, quarterly / annual value levels are 1023.98, 863.05, 860.25 / 809.54 with the July 18 all time high at 1052.46, monthly pivot at 1030.75, daily / semiannual risky levels at 1063.19 / 1089.42. The SOX (486.17) Quarterly and annual value levels are 404.59 and 338.03 with weekly, monthly and daily risky levels at 488.05, 496.16 and 504.76, and semiannual risky level at 533.56. Dow Utilities: (506.22) Monthly and weekly value levels are 489.78 and 478.45 with daily, quarterly, semiannual and annual risky levels at 516.53, 510.38, 523.33 and 540.37.

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