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

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http://www.valuengine.com/pub/Unsubscribe? December 14, 2011 The most important 200-day SMA is $1612.8 for Gold! The Dow Industrial Average closed just above its 200-day simple moving average at 11.943, while the other major averages stayed shy or their 200-day SMAs at; 1262.5 SPX, 2669 NASDAQ and 766.98 Russell 2000. The broader averages are flirting with closes below their 50day simple moving averages at 1224.5 SPX, 2611 NASDAQ (below on Tuesday), and 716.82 Russell 2000 (on the cusp). The yield on the 10-Year US Treasury remains below its 50-day SMA at 2.068. Gold is below its 50-day at $1709.4 with my semiannual pivot at $1644.8, and a close below its 200-day at $1612.8 would be the first since January 2009. Crude oil remains between its 200-day SMA at $96.02 and my annual pivots at $99.91 and $101.92. The euro versus the dollar is trending below its 50-day SMA at 1.3597 with the January 10th low at 1.2878. 10-Year Note (1.956) Semiannual, quarterly and annual value levels are 2.414, 2.669 and 2.690 with the 50-day simple moving average at 2.068, daily weekly pivots at 1.925 and 1.923, and semiannual and monthly risky levels at 1.672 and 1.602.

Courtesy of Thomson / Reuters

Comex Gold ($1635.2) Semiannual and annual value levels are $1469.9 and $1,356.5 with semiannual and daily pivots at $1644.8 and $1654.2, and quarterly, weekly and monthly risky levels at $1738.4, $1766.0 and $1873.8, and the September 6th all time high at $1923.7. The 50-day simple moving average is a support at $1709.4. The years low was $1535.0 set on September 26th.

Courtesy of Thomson / Reuters

Nymex Crude Oil ($100.01) The October 4th year-to-date low is $74.95 with a monthly value level at $86.20, the 200-day simple moving average at $96.02, daily, quarterly, monthly and annual pivots at $99.82, $100.34, $99.91 and $101.92, and weekly, semiannual risky levels at $105.72, $103.93 and $107.90. The high and low for oil happened on the same days as the Dow with the high at $114.83 per barrel on May 2nd.

Courtesy of Thomson / Reuters

The Euro (1.3030) My quarterly value level is 1.2598 with daily and weekly pivots at 1.3109 and 1.3329, the 50-day simple moving average at 1.3597, and monthly and semiannual risky levels at 1.3953, 1.4752 and 1.4872.

Courtesy of Thomson / Reuters

Daily Dow: (11,955) The 200-day simple moving average is 11,943. Monthly, annual, and semiannual value levels are 11,794, 11,491, 9,635 and 8,468 with daily, weekly, quarterly and annual risky levels at 12,108, 12,265, 12,507 and 13,890. The October 4th low was 10,404.49 with the May 2nd high at 12,876.00.
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Courtesy of Thomson / Reuters

S&P 500 (1225.7) The October 4th YTD low is 1074.77 with annual and monthly value levels at 1210.7 and 1211.8, the 200-day at 1262.5, daily and weekly pivots at 1243.9 and 1257.5, semiannual value levels at 981.3 and 855.7, and quarterly and annual risky levels at 1303.7 and 1562.9. The YTD high is 1370.58. NASDAQ (2579) The October 4th YTD low is 2298.89 with weekly and monthly pivots at 2593 and 2588, and annual value level at 2335, semiannual value levels at 2199 and 2049, the 200-day at 2669, and daily and quarterly risky levels at 2617 and 2807, and the YTD high at 2887.75. My annual risky level is 3243. NASDAQ 100 (NDX) (2268) The YTD low is 2034.92 with monthly and weekly pivots at 2282 and 2249, the 200-day at 2291, semiannual value levels at 1951 and 1861, and daily and quarterly risky levels at 2291 and 2440, the YTD high at 2437.42, and my annual risky level at 2590. Dow Transports (4827) The October 4th YTD low is 3950.66 with monthly and semiannual value levels at 4752, 4335 and 3868, the 200-day at 4984, and daily, weekly, annual, weekly and quarterly risky levels at 4939, 5075, 5179 and 5359, and the YTD high / all time high at 5627.85 on July 7th. Russell 2000 (718.06) The October 4th YTD low is 601.71 with a monthly value level at 695.30, semiannual value levels at 577.47 and 530.04, the 200-day at 766.98, daily and weekly risky levels at 738.63 and 748.86, and annual and quarterly risky levels at 784.16 and 802.96, and the YTD high / all time high at 868.57 on May 2nd. The SOX (356.53) The October 4th YTD low is 322.24 with a monthly value level at 343.57, an annual value levels at 270.98, the 200-day at 395.09, daily and weekly risky levels at 366.24 and 373.09, and quarterly risky level at 417.63, and the YTD high at 450.79. Equity Fundamentals Stocks are not as compelling fundamentally. 77.0% of all stocks are undervalued / 23.0% of all stocks are overvalued. On October 4th 93.5% of all stocks were undervalued. Nine sectors are undervalued and seven sectors are overvalued in a range from 15.5% undervalued to 8.7% overvalued. 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

ValuEngine Capital Management - Over the years many of my readers have asked for investment help based upon ValuEngine and my technical analysis expertise. This is now possible through VE Capital Management LLC. If you are a Registered Investment Advisor looking for new products to offer to 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 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.

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