8/4/2019 Equity Trading Ranges since August 9th Remain in Place

1/5

Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.ValuEngine is a fundamentally-based quant research firm in Newtown, PA. ValuEnginecovers over 7,000 stocks every day.

A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks

and commentary can be found http://www.valuengine.com/nl/mainnl

To unsubscribe from this free email newsletter list, please click

http://www.valuengine.com/pub/Unsubscribe?

September 13, 2011 Equi ty Trading Ranges Since August 9 t h Remain in Place

With stocks extremely undervalued with negative daily, weekly and monthly chart technicals it

is important for the August 9

th

lows to hold. So far so good with the Dow Industrial Average stiabove its 200-week and 120-month simple moving averages at 10,683 and 10,591. The 10-Yearyield tested a new all time low at 1.877 on Monday with my semiannual risky level at 1.672.Gold plunged on Monday and my monthly value level lags at $1702.3, as a potential double-topis evident on the daily chart. Crude oil is sneaky firm staying above its 200-week simple movingaverage at $83.77. The euro versus the dollar is below my quarterly pivot at 1.3728.

10-Year Note (1.953) Semiannual, annual, monthly and quarterly value levels are 2.414, 2.690,2.715 and 3.053 with daily, weekly and semiannual risky levels at 1.855, 1.687 and 1.672.

Courtesy of Thomson / Reuters

8/4/2019 Equity Trading Ranges since August 9th Remain in Place

2/5

Comex Gold ($1819.0) Monthly, quarterly and semiannual value levels are $1702.3, $1655.8 and$1644.8 with daily and weekly risky levels at $1847.0 and $1940.3. Gold set a new all time high at$1923.7 last week. Note the potential double-top on the daily chart.

Courtesy of Thomson / Reuters

Nymex Crude Oil ($88.74) My weekly value level at $79.87 with a daily pivot at $87.76, my annualpivots at $99.91 and $101.92 and quarterly, semiannual and monthly risky levels at $102.40, $103.92

and $104.23. The 200-week simple moving average held at $83.77.

Courtesy of Thomson / Reuters

8/4/2019 Equity Trading Ranges since August 9th Remain in Place

3/5

The Euro (1.3660) My daily pivot is 1.3505 with my quarterly pivot at 1.3728, and weekly,semiannual and monthly risky levels at 1.4223, 1.4752 and 1.4872.

Courtesy of Thomson / Reuters

Daily Dow: (11,061) My weekly value level is 10,379 with the 200-week and 120-month simple movinaverages at 10,683 and 10,591, a daily pivot at 10,954, my annual pivot at 11,491, and monthly riskylevel at 12,779. Semiannual value levels are 9,635 and 8,468 with the 50-day and 200-day SMA deathcross at 11,784 and 11.996.

Courtesy of Thomson / Reuters

8/4/2019 Equity Trading Ranges since August 9th Remain in Place

4/5

S&P 500 (1162.3) Weekly and Semiannual value levels are 1083.5, 981.3 and 855.7 with a dailypivot at 1148.4, my annual pivot at 1210.7 and monthly risky level at 1342.1.

NASDAQ (2495) Annual, weekly, and semiannual value levels are 2335, 2298, 2199 and 2049 witha daily pivot at 2450 and monthly risky level at 2827.

NASDAQ 100 (NDX) (2192) Weekly, semiannual and annual value levels are 2058, 1951, 1861 and1723 with a daily pivot at 2158, and monthly risky level at 2431.

Dow Transports (4362) Weekly, and semiannual value levels are 3945 and 3868 with mysemiannual pivot at 4335, a daily pivot at 4247, and annual and monthly risky levels at 5179 and 5190

Russell 2000 (679.76) Weekly and semiannual value levels are 599.17, 577.47 and 530.04 with adaily pivot at 658.10, and annual and monthly risky levels at 784.16 and 825.19.

The SOX (358.96) Weekly, annual and semiannual value levels are 323.64, 270.98, 258.97 and204.67 with a daily pivot at 343.75, and monthly risky level at 418.07.

Equity Fundamentals Stocks are undervalued. 87.2% of all stocks are undervalued / 12.8% of all stocks are overvalued. In March 2009, 91.1%

of all stocks were undervalued. All sixteen sectors are undervalued, fifteen by double-digit percentages, thirteen by 20.8% to

30.2%. Back in March 2009 the sectors were undervalued by 33% to 45%. Check out andsubscribe to www.ValuEngine.com.

VE Morning Briefing If you want expanded analysis of the US Capital Markets including a FearlessPrediction of the Week and a Stock of the Day go to this link and sign up:

http://www.valuengine.com/nl/mainnl?nl=D

ValuTrader Model Portfolio If you want to learn how to Buy and Trade use this link and sign up:http://www.valuengine.com/nl/mainnl?nl=V

New Portfolio Positions At the market lows on Monday afternoon I sent the following Alert toValuTrader subscribers I increased the model portfolio by six stocks to a total of twentystocks betting that the low end of the trading ranges will hold again. With 87.3% of all stocksundervalued its time to take on more risk. We now have 29 long positions for an investment of$145,000 for a 36.25% allocation to stocks. Subscribers know the six stocks to add to a Buyand Trade Strategy.

ETF Weekly If you want my Value Levels and Risky Levels for 30 Electronically Traded Funds usethis link and sign up: http://www.valuengine.com/nl/mainnl?nl=U

ValuEngine FDIC Evaluation Report In this report I slice and dice the FDIC Quarterly BankingProfile. We publish a ValuEngine List of Problem Banks in this publication:http://www.valuengine.com/nl/mainnl?nl=C

Definition of MOJO This is my term for technical momentum. I use whats called 12x3x3 slowstochastic readings from daily, weekly and monthly charts. The scale is zero to 10.0 where above 8.0is overbought and below 2.0 is oversold.

8/4/2019 Equity Trading Ranges since August 9th Remain in Place

5/5

Buy and Trade Strategies for Long Positions Value Level The price at which you establish an additional long position on share price

weakness. This is done on a GTC Limit Order to buy weakness to the Value Level. Risky Level The price at which you remove a single long position or reduce a multiple

long position on share price strength. This is done on a GTC Limit Order to sell strength tothe Risky Level.

Buy and Trade Strategies for Short Positions Value Level The price at which you remove a single short position or reduce a multiple

short position on share price weakness. This is done on a GTC Limit Order to buy weaknesto the Value Level.

Risky Level The price at which you establish an addition short position on share pricestrength. This is done on a GTC Limit Order to sell strength to the Risky Level.

Richard SuttmeierChief Market StrategistValuEngine.com(800) 381-5576

To unsubscribe from this free email newsletter list, please clickhttp://www.valuengine.com/pub/Unsubscribe?

Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our productsand services visit www.ValuEngine.com

As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. I have daily, weekly, monthly, and

quarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. Mynewest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go tohttp://www.valuengine.com/nl/mainnl to review sample issues and find out more about my research.

I Hold No Positions in the Stocks I Cover.