Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in Newtown, PA.

ValuEngine covers 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? Sept 21, 2011 The Dow, SPX, Transports and Russell 2000 lag their 50-day SMAs Only the NASDAQ 100 (NDX) and Philadelphia Semiconductor Index (SOX) are above their 50day simple moving averages. The NASDAQ faded to a Tuesday close below its 50-day at 2599. The other major averages lag staying below their 50-day simple moving averages at 11,639 Dow Industrials, 1223.7 S&P 500, 4771 Dow Transports, and 735.82 Russell 2000. Will the high end of the trading ranges since the August 9th FOMC contain strength following todays FOMC meeting? These are the Sept 1st / August 31st highs at 11,717 Dow Industrials, 1230.71 SPX, 4779 Dow Transports and 737.64 Russell 2000. Its not surprising to see the Dow and SPX trading back and forth around their annual pivots at 11,491 and 1210.7 in front of the FOMC decision and as stocks head into the end of the third quarter of 2011. The Power of the Pivot! 10-Year Note (1.952) Semiannual, annual, monthly and quarterly value levels are 2.414, 2.690, 2.715 and 3.053 with a daily pivot at 1.986, the September 12th low yield at 1.877, and semiannual and weekly risky levels at 1.672 and 1.460.

Courtesy of Thomson / Reuters

Comex Gold ($1808.0) A daily value level is $1774.1 with the 50-day at $1733.6, monthly, quarterly and semiannual value levels are $1702.3, $1655.8 and $1644.8 with weekly risky level at $1970.8.

Courtesy of Thomson / Reuters

Nymex Crude Oil ($86.89) My weekly value level at $74.97 with the 200-week simple moving average at $83.77, a daily pivot at $86.80, the 50-day at $89.96, my annual pivots at $99.91 and $101.92 and quarterly, semiannual and monthly risky levels at $102.40, $103.92 and $104.23.

Courtesy of Thomson / Reuters

The Euro (1.3676) My daily value level is 1.3557 with my quarterly pivot at 1.3728, the 200-week simple moving average at 1.4016, and weekly, semiannual and monthly risky levels at 1.3906, 1.4752 and 1.4872.

Courtesy of Thomson / Reuters

Daily Dow - (11,409) Daily and weekly value levels are 11,275 and 10,032 with the 200-week and 120-month simple moving averages at 10,678 and 10,595, my annual pivot at 11,491, and monthly risky level at 12,779. Semiannual value levels are 9,635 and 8,468 with the 50-day and 200-day SMA death cross at 11,639 and 12,002.

Courtesy of Thomson / Reuters

S&P 500 (1202.1) Daily, weekly and Semiannual value levels are 1194.4, 1039.6, 981.3 and 855.7 with my annual pivot at 1210.7, the 50-day at 1223.7 and monthly risky level at 1342.1. NASDAQ (2590) Annual, weekly, and semiannual value levels are 2335, 2210, 2199 and 2049 with a daily pivot at 2602, the 50-day at 2599, and monthly risky level at 2827. NASDAQ 100 (NDX) (2296) Weekly, semiannual and annual value levels are 1989.0, 1951, 1861 and 1723 with the 50-day at 2246, a daily pivot at 2302, and monthly risky level at 2431. Dow Transports (4520) Semiannual and weekly value levels are 4335, 3868 and 3755 with a daily pivot at 4594, the 50-day at 4787, and annual and monthly risky levels at 5179 and 5190. Russell 2000 (689.95) Weekly and semiannual value levels are 685.37, 566.76, 577.47 and 530.04 with a daily pivot at 696.08, the 50-day at 735.82, and annual and monthly risky levels at 784.16 and 825.19. The SOX (372.76) The 50-day is 366.40 with weekly, annual and semiannual value levels at 306.68, 270.98, 258.97 and 204.67, and daily and monthly risky levels at 389.02 and 418.07. Equity Fundamentals Stocks are undervalued. 85.2% of all stocks are undervalued / 14.8% 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, twelve by 21.2% to 29.9%. Back in March 2009 the sectors were undervalued by 33% to 45%. Check out and subscribe to www.ValuEngine.com. VE Morning Briefing If you want expanded analysis of the US Capital Markets including a Fearless Prediction 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 ETF Weekly If you want my Value Levels and Risky Levels for 30 Electronically Traded Funds use this 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 Banking Profile. 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 slow stochastic readings from daily, weekly and monthly charts. The scale is zero to 10.0 where above 8.0 is 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 to the 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 weakness to the Value Level. Risky Level The price at which you establish an addition short position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level. Richard Suttmeier Chief Market Strategist ValuEngine.com (800) 381-5576 To unsubscribe from this free email newsletter list, please click http://www.valuengine.com/pub/Unsubscribe? Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our products 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 equity and 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 to http://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.