MN: Ten Year Yield Tests Weekly Risky Level as Dow Stabilizes
Editor's Note: This article was written by Richard Suttmeier, chief market strategist at ValuEngine.com, which is a fundamentally-based quant research firm in Princeton, New Jersey, that covers more than 5,000 stocks every day.
10-Year Note -- (2.579) My annual pivot is 2.813 with a weekly pivot at 2.598 and daily risky level at 2.523. My annual value level is 2.999 with quarterly and semiannual risky levels at 2.495 and 2.249. (CBOE Interest Rate 10-Year T-Note (^TNX) last traded at 2.58.)
Comex Gold -- ($1226.4) Weekly, quarterly, monthly, and annual value levels are $1159.3, $1140.9, $1133.2, and $1115.2 with semiannual and daily pivots at $1218.7 and $1226.8, and semiannual risky level at $1260.8.
