Thursday’s Rebound Was Impressive – But Today Is Quarter End!

8/2/2019 Thursdays Rebound Was Impressive But Today Is Quarter End!

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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

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Marc h 30, 2012 Thur sdays Rebound Was Im pres sive But Today Is Quart er End!

On Monday, my Proprietary Forecasting Model will have new weekly, monthly and quarterly

value levels, pivots and risky levels based upon todays market closes. Existing semiannuallevels are well below the market, but the more important annual levels will remain in play. Myoverall neutral zone is between annual pivots at 1363.2 on the S&P 500 and 836.15 on theRussell 2000. My call is a bearish one, which includes my ongoing prediction that DowTransports and Russell 2000 will continue to lag their 2011 all time highs at 5627.85 set on July7th and 868.57 set on May 2nd. The yield on the 10-Year US Treasury is below its 200-day simplemoving average at 2.183. Gold is below its 200-day SMA at 1685.5 with the 50-day at $1708.5, sothe risk of a death cross is a focus in the second quarter. Crude oil is below my annual pivot at$103.58 and its 50-day simple moving average at $103.55. The euro versus the dollar is aboveits 50-day at 1.3206.

10-Year Note (2.159) Weekly and annual value levels are 2.248 and 2.502 with daily, semiannualand quarterly risky levels at 2.104, 1.903 and 1.687.

Courtesy of Thomson / Reuters


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Comex Gold ($1660.3) My annual value level is $1575.8 with daily, weekly and semiannual pivots a$1661.4, $1675.7, $1659.5 and $1635.8, and quarterly and monthly risky levels at $1740.9 and

$1888.4.


Nymex Crude Oil ($103.22) Quarterly, monthly and semiannual value levels are $99.87, $97.96 and$79.83 with annual, semiannual and daily pivots at $103.58, $104.84 and $103.32, and weekly andannual risky levels at $110.42 and $117.00.



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The Euro (1.3296) Weekly, semiannual, monthly, and quarterly value levels are 1.3201, 1.2980,1.2622, and 1.2499 with daily, annual and semiannual risky levels at 1.3314, 1.4239 and 1.4405.


Daily Dow: (13,146) Daily, quarterly, annual, monthly and semiannual value levels are 13,045, 12,47812,312, 11,903, 8,425 and 8,336 with weekly and annual risky levels at 13,315 and 14,032.



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S&P 500 (1403.3) Annual, quarterly, monthly and semiannual value levels are 1363.2, 1305.4,1222.5, 841.7 and 829.9 with a daily pivot at 1399.0, and weekly and annual risky levels at 1428.9 and

1562.9.NASDAQ (3095) Quarterly, annual, monthly and semiannual value levels are 2777, 2698, 2651,2012 and 1952 with daily, weekly and annual risky levels at 3104, 3157 and 3232.

NASDAQ 100 (NDX) (2762) Annual, monthly, quarterly, annual and semiannual value levels are2603, 2428, 2422, 2300, 1851 and 1743 with daily and weekly risky levels at 2776 and 2810.

Dow Transports (5256) Daily, weekly, monthly and semiannual value levels are 5172, 5124, 4470,4407 and 3778 with quarterly, and annual risky levels at 5448, 5861 and 6111. The all time high wasset at 5627.85 on July 11, 2011. A weekly close below its five-week modified moving average at5212 shifts the weekly chart to negative.

Russell 2000 (832.24) Monthly and semiannual value levels are 684.13, 572.90 and 510.81 withdaily, quarterly and annual pivots at 827.92, 829.03 and 836.15, and weekly risky level at 847.77. Theall time high was set at 868.57 on May 2, 2011.

The SOX (436.83) Quarterly, monthly, annual and semiannual value levels are 390.17, 323.52,269.80, 277.90 and 194.47 with daily and weekly pivots at 436.00 and 443.09, and annual risky levelat 520.61. The 2011 high is 474.33 set on February 18, 2011.

ValuEngine Valuation Model: 52.1% of all stocks are undervalued / 47.9% of all stocks are overvalued. Back on October 4th

93.5% of all stocks were undervalued. Thirteen of sixteen sectors are overvalued; four by double-digit percentages. Finance is 15.0%

OV. Computers & Technology is 19.2% OV. Retail-Wholesale is 16.5% OV. Medical is 15.3%.Back in March 2009 all sectors were undervalued by 33% to 45%.

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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=CMy special report dissecting the Q4 2011 FDICQuarterly Banking Profile was posted on March 7 th. I track the continuing slow improvement to thehousing market and banking system, but recognize that we are not out of the woods.

ValuEngine Capital Management - Over the years many of my readers have asked for investment


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help based upon ValuEngine and my technical analysis expertise. This is now possible through VECapital Management LLC. If you are a Registered Investment Advisor looking for new products to offeto your clients, let me know. If you have any questions, please respond to this email.

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.

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

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

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Thursday’s Rebound Was Impressive – But Today Is Quarter End!