8/9/2019 Today we look at the weekly charts

1/4

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 HERE.

August 27, 2010 Today w e look a t the w eek ly c har t s .

The decline in the yield on the 10-Year US Treasury is overdone on its weekly chart but keep in

mind that the low yield in December 2008 was 2.016. The weekly chart for Gold favors achallenge of the June high at $1266.5. The weekly chart for Crude oil shows that continuedsideways pattern around the 200-week simple moving average, now at $77.42. The weeklychart for the Euro shifts to negative on a close today below its 5-week modified movingaverage at 1.2792. The weekly chart for the Dow shifts to negative on a close today below the5-week modified moving average at 10,251.

10-Year Note (2.538) My annual pivots are 2.813 and 2.999 with daily, weekly and quarterly pivotsat 2.557, 2.574 and 2.495, and semiannual risky level at 2.249. Note that the decline in yield isextremely overdone even on the weekly chart.

Courtesy of Thomson / Reuters

8/9/2019 Today we look at the weekly charts

2/4

Comex Gold ($1239.2) Weekly, quarterly, monthly, and annual value levels are $1159.5, $1140.9,$1133.2 and $1115.2 with semiannual and daily pivots at $1218.7 and $1240.4, and semiannual risky

level at $1260.8. Note that gold is gaining MOJO on its weekly chart.

Courtesy of Thomson / Reuters

Nymex Crude Oil ($73.31) My quarterly value level is $56.63 with daily and weekly pivots at$72.10 and $73.59, and annual risky level at $77.05. My monthly and semiannual risky levels are

$80.02 and $83.94. Note the negative weekly chart profile.

Courtesy of Thomson / Reuters

8/9/2019 Today we look at the weekly charts

3/4

The Euro (1.2722) Quarterly and monthly value levels are 1.2167, 1.1486 and 1.1424 with a dailypivot at 1.2671, and weekly and semiannual risky levels at 1.3276 and 1.4733. Note that the euro is

neutral on its weekly chart.

Courtesy of Thomson / Reuters

Weekly Dow:(9,986) The April 26th high of 11,258 was a test of the 61.8% Fibonacci Retracement ofthe decline from October 2007 high to the March 2009 low. Note also the failed test of the 200-weeksimple moving average now at 11,043 and the failed test of my annual risky level at 11,235. MOJO is

rising but the weekly chart is neutral with Fridays close below the 5-week modified moving average at10,251. Note that a down day today will likely pull MOJO to declining.

Courtesy of Thomson / Reuters

8/9/2019 Today we look at the weekly charts

4/4

One in Ten Households are in the Mortgage Twilight Zone

Almost 10% of all homeowners with a mortgage have missed at least one mortgage payment as of

June 30

th

. The economic recovery depends upon housing for job growth, and weak housing is asymptom of weak job growth. Job growth will not arrive until housing survives.

Since The Great Credit Crunch began in December 2007 more than 2.3 million homes have beenrepossessed, and the pace of foreclosures are projected to remain high well into 2011.

Mortgage rates are at their lowest levels in decades, but they should be lower as at 4.36% the spreadversus the 10-Year US Treasury was widened 71 basis points to 186 from 115 at the end of Marchwhen the Federal Reserve stopped purchasing Fannie Mae and Freddie Mac debt and mortgagesecurities.

Thats todays Four in Four. Have a great day.

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

Send your comments and questions to Rsuttmeier@Gmail.com. For more information on ourproducts and 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 equityand other data parameters as well as my most up-to-date analysis of world markets. My newest products include a

weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go HERE to review sample issuesand find out more about my research.

I Hold No Positions in the Stocks I Cover.