the technicals & fundamentals are mixed as ranges continue

8/3/2019 The Technicals & Fundamentals are mixed as ranges continue

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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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Dec 19, 2011 The Technica ls & Fundamenta ls are m ixed as ranges c ont inue

With two weeks to go in 2011, the major equity averages have mixed daily, weekly and monthly

chart profiles, and nine sectors are undervalued fundamentally with seven overvalued. Thissetup favors a trading range environment into 2012. The risk is to the downside and lowercloses this week and next will result in negative daily, weekly and monthly charts. Thisscenario is my leading reason to forecast that we will not test the 2011 highs in 2012. I will nothave upside potential risky levels or downside value levels until January 3 rd when a new yearof trading begins. The December 30th year end close will set new weekly, monthly, quarterly,semiannual and annual value levels, risky levels and pivots. In 2011 we had some key annualpivots that were magnets tested several times, most notably; 11,491 Dow Industrials, 1210.7SPX, 2335 was tested at the low of 2298.89 on October 4th for the NASDAQ, 5179 DowTransports prevented a breakout after a new all time high of 5627.85 on July 7 th, and theRussell 2000 was pulled down by 784.16 after its new all time high of 868.57 set on May 2nd.

10-Year Note (1.851) Semiannual, quarterly and annual value levels are 2.414, 2.669 and 2.690with the 50-day simple moving average at 2.062, daily and weekly risky levels at 1.816 and 1.826, andsemiannual and monthly risky levels at 1.672 and 1.602.

Courtesy of Thomson / Reuters


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Comex Gold ($1599.9) Semiannual and annual value levels are $1469.9 and $1,356.5 with a dailypivot at $1562.6, the 200-day at $1616.4, my semiannual pivot at $1644.8, and quarterly, weekly andmonthly risky levels at $1738.4, $1773.6 and $1873.8, and the September 6 th all time high at $1923.7

The years low was $1535.0 set on September 26th

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Nymex Crude Oil ($93.97) 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 $95.89, the 50-day at $94.45, a daily pivot at $93.00,

quarterly, monthly and annual pivots at $100.34, $99.91 and $101.92, and weekly, semiannual riskylevels at $105.58, $103.93 and $107.90. The high and low for oil happened on the same days as theDow with the high at $114.83 per barrel on May 2nd.



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The Euro (1.3033) My quarterly value level is 1.2598 with daily and weekly pivots at 1.2912 and1.3054, the 50-day simple moving average at 1.3575, and monthly and semiannual risky levels at

1.3953, 1.4752 and 1.4872.


Weekly Dow: (11,866) The 200-day simple moving average is 11,939 with the 50-day at 11,808.Monthly, annual, and semiannual value levels are 11,794, 11,491, 9,635 and 8,468 with a daily pivot a

11,801, and weekly, quarterly and annual risky levels at 12,043, 12,507 and 13,890. The October 4

th

low was 10,404.49 with the May 2nd high at 12,876.00..



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S&P 500 (1219.6) The October 4th YTD low is 1074.77 with daily, annual and monthly pivots at1203.7, 1210.7 and 1211.8, a weekly risky level at 1231.8, 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 (2555) The October 4th YTD low is 2298.89 with daily, weekly and monthly pivots at 2523,2585 and 2588, and annual value level at 2335, semiannual value levels at 2199 and 2049, andquarterly risky level at 2807, and the YTD high at 2887.75. My annual risky level is 3243.

NASDAQ 100 (NDX) (2238) The YTD low is 2034.92 with daily and monthly value levels at 2216and 2282, semiannual value levels at 1951 and 1861, a weekly pivot at 2245, a quarterly risky level at2440, the YTD high at 2437.42, and my annual risky level at 2590.

Dow Transports (4906) The October 4th YTD low is 3950.66 with daily, monthly and semiannualvalue levels at 4781, 4752, 4335 and 3868, and weekly, annual, weekly and quarterly risky levels at4962, 5179 and 5359, and the YTD high / all time high at 5627.85 on July 7 th.

Russell 2000 (722.07) 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, a daily pivot at 705.20, weekly risky level at 745.86,and annual and quarterly risky levels at 784.16 and 802.96, and the YTD high / all time high at 868.57on May 2nd.

The SOX (352.83) The October 4th YTD low is 322.24 with daily and monthly value levels at 346.31,an annual value levels at 270.98, a weekly risky level at 372.49, and quarterly risky level at 417.63,and the YTD high at 450.79.

Equity Fundamentals Stocks are not as compelling fundamentally. 77.6% of all stocks are undervalued / 22.4% of all stocks are overvalued. On October 4 th 93.5%

of all stocks were undervalued. Nine sectors are undervalued and seven sectors are overvalued in a range from 17.8%

undervalued to 8.7% overvalued. Back in March 2009 the sectors were undervalued by 33% to45%. Check out and subscribe 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

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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

ValuEngine Capital Management - Over the years many of my readers have asked for investmenthelp based upon ValuEngine and my technical analysis expertise. This is now possible through VE


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Capital 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 priceweakness. 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 multiplelong 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 multipleshort 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.

the technicals & fundamentals are mixed as ranges continue

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