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? Nov 4, 2011 Weekly Charts are highly likely to remain positive at weeks end Weekly MOJO (12x3x3 weekly slow stochastic readings) are rising with the major equity averages above their five-week modified moving averages at; 11,570 Dow Industrials, 1213.4 SPX, 2596 NASDAQ, 4664 Dow Transports and 708.15 Russell 2000. This defines positive weekly chart profiles. Odds favor that we will have weekly risky levels next week instead of value levels as I still project that stocks will not see new highs for 2011. My monthly pivots are; 11,928 Dow Industrials, 1229.3 SPX, 2636 NASDAQ, 5034 Dow Transports and 739.80 Russell 2000. Quarterly risky levels are; 12,507 Dow Industrials, 1303.7 SPX, 2807 NASDAQ, 5179 A / 5359 Q Dow Transports and 784.16 A / 802.96 Q Russell 2000. Keep in mind that as stocks rise and the 30-Year bond yield rises that valuations become less favorable. 10-Year Note (2.061) Weekly, semiannual, quarterly and annual value levels are 2.191, 2.414, 2.669 and 2.690 with daily and monthly pivots at 2.048 and 1.963, and semiannual risky level at 1.672. My monthly pivot was tested on Tuesday and 1.672 was tested on September 23rd.

Courtesy of Thomson / Reuters

Comex Gold ($1765.6) Semiannual, weekly, semiannual and annual value levels are $1644.8, $1537.5, $1469.9 and $1,356.5 with my quarterly pivot at $1738.4 and daily and monthly risky levels at $1817.9 and $1821.50, and the September 6th all time high at $1923.7. The years low was $1535.0 set on September 26th.

Courtesy of Thomson / Reuters

Nymex Crude Oil ($94.04) The October 4th year-to-date low is $74.95 with my weekly value level at $86.38, daily and monthly pivots at $94.08 and $95.67, and quarterly and annual risky levels at $100.34, $99.91 and $101.92. 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 (1.3815) Weekly, and quarterly value levels are 1.3319 and 1.2598 with a daily pivot at 1.3862, and monthly and semiannual risky levels at 1.3901, 1.4568, 1.4752 and 1.4872.

Courtesy of Thomson / Reuters

Daily Dow: (12,044) My annual value level is 11,491 with weekly, daily and monthly pivots at 11,694, 11,987 and 11,928, and quarterly and annual risky levels at 12,507 and 13,890. The October 4th low was 10,404.49 with the May 2nd high at 12,876.00.

Courtesy of Thomson / Reuters

S&P 500 (1261.1) The October 4th YTD low is 1074.77 with my annual pivot at 1210.7, monthly, daily and weekly pivots at 1229.3, 1250.8 and 1231.9, and quarterly and annual risky levels at 1303.7 and 1562.9. The YTD high is 1370.58. My annual risky level is 1562.9. NASDAQ (2698) The October 4th YTD low is 2298.89 with my annual value level at 2335, monthly, daily and weekly pivots at 2636, 2654 and 2686, and quarterly risky level at 2807, and the YTD high at 2887.75. My annual risky level is 3243. NASDAQ 100 (NDX) (2368) - The YTD low is 2034.92 with a monthly value level at 2294, a daily pivot at 2323, and weekly, and quarterly risky levels at 2394 and 2440, the YTD high at 2437.42 and annual risky level at 2590. Dow Transports (4930) The October 4th YTD low is 3950.66 with daily, weekly and semiannual value levels at 4873, 4739, 4335 and 3868, and monthly, annual and quarterly risky levels at 5034, 5179 and 5359, and the YTD high / all time high at 5627.85 on July 7th. Russell 2000 (751.47) The October 4th YTD low is 601.71 with daily, weekly and monthly pivots at 743.67, 713.93 and 739.80, 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 (387.16) The October 4th YTD low is 322.24 with a monthly value level at 339.47, a daily pivot at 384.25, and weekly and quarterly risky levels at 398.86 and 417.63, and the YTD high at 450.79. Equity Fundamentals Stocks are extremely undervalued. 75.6% of all stocks are undervalued / 24.4% of all stocks are overvalued. On October 4th 93.5% of all stocks were undervalued. All sixteen sectors are undervalued, fourteen by double-digit percentages. Two are undervalued by 20.4% to 21.3%. 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.