Market analyst Richard Suttmeier discusses downside risk and what the Dow needs to do.
“Tracking the weekly key reversals for the Dow and S&P 500! Weakness in semiconductors and the China 25 Fund. The euro, gold and crude oil show continued weakness. Risk aversion pulls 10-Year yields lower. Regional banks are the only group I follow that’s still in the green for the year. Comparing ValuEngine Valuations as 2010 began versus today.
The weekly charts for the Dow and S&P 500 are poised to confirm weekly key reversals.
Subscribers to the ValuEngine Morning Briefing know that every Monday I present My Fearless Prediction of the Week. This week it was that the Dow would trade below 10,000, which it did on Thursday…”
To continue reading this post and to read more of Richard Suttmeier’s Stock Strategies, click here.
About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine
