Leave Nitpicking to the Experts, Trade ETFs on Gold, Oil and Equities

NEW YORK (TheStreet) -- For investors not into stock picking or trading commodity futures or bonds, you can do so using the popular exchange traded funds or ETFs I have been profiling in various articles on TheStreet.com. In other words you can trade these markets like stocks in ETFs.

On Sept. 4 I wrote Higher Yields on Bonds, Gold and Crude Oil, and since then bonds have been moving higher with gold and crude oil moving sideways to down.

On Sept. 18 I wrote How Capital Markets Will React to FOMC News where I updated the risk/reward for these markets as they react to the Fed statement and Fed Chief Ben Bernanke's press conference.

The yield on the Treasury 10-year note peaked at 3.007% on Sept. 6, and the yield on the 30-year bond peaked at and 3.94% on Aug. 22.

My call for September was that these yields will form trading ranges influenced by monthly pivots at 2.725% on the 10-year and 3.738% on the 30-year and this proved to be the case.

Continue to trade the bond market just like a stock using iShares 20+ Year Treasury Bond ( TLT) ($105.80). The Treasury ETF is above its 50-day simple moving average at $105.23 with the 200-day SMA a strong resistance at $114.00. The weekly chart ended last week positive with rising momentum with the close above the five-week modified moving average at $105.74 with the 200-week SMA at $107.82. My weekly value level is $103.60 with a monthly risky level at $107.27. My semiannual value level lags at $92.32 with quarterly and semiannual risky levels at $111.43 and $120.62.

After continuing to fail at its 50-day SMA at $1,344.7 an ounce, Comex gold ($1,287.6) is back below $1,300 trading to a Tuesday low at $1,290.5 as the daily chart shifts to negative. The weekly chart stays negative if Friday's close is below the five-week MMA at $1,333.2 with the 200-week SMA at $1,475.2. Daily and monthly value levels are $1,271.9 and $1,145.2 with weekly, quarterly and annual risky levels at $1,401.6, $1,435.6, $1,599.9 and $1,852.1.

Continue to trade the gold market just like a stock using an ETF. SPDR Gold Trust ( GLD) ($124.59) is below its 50-day SMA at $130.04 with the 200-day SMA at $141.78. The gold index is below its five-week MMA at $129.82. My monthly value level is $110.40 with weekly and quarterly risky levels at $135.16 and $138.20.

Crude oil ($101.78) remains below its 50-day SMA at $106.11 with the 200-day SMA at $97.73 on an oversold daily chart. The weekly chart remains negative with the five-week MMA at $104.72 and the 200-week SMA at $91.05. Monthly and daily value levels are $99.84 and $99.26 with weekly, semiannual, quarterly and annual risky levels at $105.87, $109.84, $114.36 and $115.23.

Continue to trade crude oil using the Energy Select Sector SPDR Fund ( XLE) ($83.44) which is above its 50-day SMA at $82.79 with the 200-day SMA at $79.24. The energy ETF is above its five-week MMA at $82.87. Weekly and semiannual value levels are $82.19 and $81.91 with a monthly pivot at $83.51 and semiannual and annual risky levels at $88.35 and $91.08.

SPDR Dow Jones Industrial Avg ETF Fund ( DIA) ($151.62) popped to a new all-time high at $157.06 following the Fed statement on Sept. 18 and ended last week below its 50-day SMA at $152.51 with the 200-day SMA at $146.54. Diamonds are below its five-week MMA at $152.08. My weekly value level is $146.86 with monthly, semiannual and quarterly risky levels at $158.91, $164.06 and $167.20.

PowerShares QQQ Trust Series 1 ( QQQ) ($79.68) is above its 50-day SMA at $76.91 with the 200-day SMA at $71.48 and a new multi-year high at $79.72 set on Oct. 1. The Nasdaq 100 shares ETF is well above its five-week MMA at $77.17. Weekly and quarterly value levels are $77.75 and $77.11 with monthly, semiannual and quarterly risky levels at $79.87, $80.72 and $85.12.

SPDR S&P 500 ETF Trust ( SPY) ($169.34) is above its 50-day SMA at $168.18 with the 200-day SMA at $159.31 and a new all time high at $173.60 set on Sept. 19. The spider ETF is above its five-week MMA at $167.86. Weekly and semiannual value levels are $164.45 and $160.60 with semiannual, monthly and quarterly risky levels at $174.10, $174.79 and $185.05.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier is the chief market strategist at AlphaPlus Analytics in addition to ValuEngine.com. He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world.

Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary.

Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for ValuEngine.com since 2008 and often appears on financial TV.

Click here for details on Suttmeier's "Buy and Trade" investment strategy.

Richard Suttmeier can be reached at RSuttmeier@Gmail.com

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