US Treasury Yields

Comex Gold and Nymex Crude Oil

The US Dollar vs the Japanese Yen, the Euro, and British Pound
The Major Equity Averages
The ValuEngine Stock of the Day

Support@ValuEngine.com
 Market Overview
June 15, 2010
Japanese
Daily 10-Year Gold Crude Oil Euro The Dow Nasdaq
Yen
6/14/2010 3.268 1222.7 75.06 1.2228 91.48 10,191 2244
6/11/2010 3.242 1230.2 73.78 1.2110 91.63 10,211 2244
Daily Chg 0.026 -7.5 1.28 0.0118 -0.15 -20 0
12/31/2009 3.841 1097.4 79.62 1.4324 92.95 10,428 2269
YTD Change -0.573 125.3 -4.56 -0.2096 -1.47 -237 -25
Supports 3.467 Q 1186.5 S 68.34 W 1.1910 D 91.02 D 9,886 D 2158 D
3.675 S 1115.2 A 58.41 Q 1.1564 W 82.81 Q 9,847 W 2140 W
3.735 M 1088.2 Q 80.22 A 7,490 Q

Pivots 1229.3 D 74.52 D 91.88 W 2250 A

92.01 M 2258 S
Resistances 3.145 D 1265.9 M 77.05 A 1.2450 Q 92.73 S 10,379 A 2370 M
3.012 W 1272.9 W 85.93 M 1.2679 M 93.16 Q 10,958 M 2392 S
2.999 A 1277.4 M 11,235 A
2.813 A 11,442 S
Five-Week 3.401 1195.7 75.31 1.2577 91.72 10,372 2295
Five- Month 3.509 1111.4 76.41 1.3522 91.88 10,186 2214
Int Sent 6.8 / 7.2 7.9 / 7.9 4.1 / 3.8 1.4 / 1.3 5.6 / 5.5 5.1 / 4.4 5.0 / 4.3
LT Sent 2.8 / 3.3 7.6 / 7.8 8.1 / 8.0 5.2 / 4.3 3.5 / 3.8 8.4 / 8.3 8.6 / 8.4

Supports Levels that are likely to hold on weakness.

Pivots Levels that could be tested as magnets.
Resistances Levels that are likely to restrain strength (D-Daily, W-Weekly, M-Monthly, Q-Quarterly,
S-Semiannual and A-Annual)
Five-Week The five-week modified moving average.
Five-Month The five-month modified moving average.
Int Sent 12x3x3 weekly slow stochastic reading on a scale of 0.0 and 10.0.
LT Sent 12x3x3 monthly slow stochastic reading. (Below 2.0 is oversold, above 8.0 is overbought.
Rising is positive. Declining is negative)
Weekly Chart Profiles Above the Five-Week with rising Int Sent is positive. Below the Five-Week
with declining Int Sent is negative.
Monthly Chart Profiles Above the Five-Month with rising LT Sent is positive. Below the Five-
Month with declining LT Sent is negative.
 Market Overview
Summary of VE Stock Universe
Stocks Undervalued 68.45%

Stocks Overvalued 31.55%

Stocks Undervalued by 20% 35.59%

Stocks Overvalued by 20% 12.81%

The ValuEngine Universe consists of over 4500 US, foreign, and ADR tickers traded on US markets. Normal
ranges for universe over and undervaluation typically run between 35-65%. Of course, readings in excess of this
range are no guarantee that a correction is imminent and extreme conditions may persist for a very long time.

Sector Overview
Last 12- P/E
Sector Change MTD YTD Valuation
MReturn Ratio
Basic Industries 2.99% -0.57% 12.25% 8.47% undervalued 31.61% 23.33

Capital Goods 3.18% -0.52% 3.61% 7.02% undervalued 28.12% 19.08

Consumer Durables 3.14% -0.87% 0.61% 7.74% undervalued 45.20% 21.03

Consumer Non-
2.43% 0.08% 0.87% 8.07% undervalued 32.75% 19.00
Durables

Consumer Services 2.60% -1.36% 5.04% 9.69% undervalued 32.86% 21.39

Energy 3.81% 3.10% -8.24% 4.95% undervalued 22.38% 21.34

Finance 1.45% -1.11% 3.26% 6.85% undervalued 15.52% 18.46

Health Care 2.34% -1.47% 3.05% 14.11% undervalued 24.16% 19.92

Public Utilities 2.62% 1.53% -6.88% 5.94% undervalued 15.18% 16.94

Technology 2.46% -1.69% 1.95% 16.18% undervalued 34.07% 23.58

Transportation 3.31% -0.20% 4.42% 10.83% undervalued 27.81% 20.27

10-Year Note Quarterly, semiannual, monthly and semiannual supports are 3.467, 3.675, 3.735 and
4.250 with daily, weekly and annual resistances at 3.145, 3.012, 2.999 and 2.813.

Courtesy of Thomson / Reuters

Comex Gold Semiannual, annual and quarterly supports are $1186.5, $1139.7, $1115.2 and
$1052.8 with a daily pivot at $1229.3, and weekly and monthly resistances at $1272.9, $1265.9 and
$1277.4.

Courtesy of Thomson / Reuters

Nymex Crude Oil Weekly and quarterly supports are $68.34 and $58.41 with a daily pivot at $74.52,
and annual and monthly resistances at $77.05 and $85.93.

Courtesy of Thomson / Reuters

The Euro Daily and weekly supports are 1.1910 and 1.1564 with quarterly and monthly resistances
at 1.2450 and 1.2679.

Courtesy of Thomson / Reuters

The Dollar versus Japanese Yen Annual support is 80.22 with daily, weekly and monthly pivots at
91.02, 91.88 and 92.01, and semiannual and quarterly resistances at 92.73 and 93.16.

Courtesy of Thomson / Reuters

The British Pound Daily, weekly and quarterly supports are 1.4525, 1.4069, 1.3527 and 1.2512 with
monthly resistance at 1.5035.

Courtesy of Thomson / Reuters

 The Major Equity Averages
14-Jun YTD 31-Dec April '10 YTD YTD Cycle Cycle Date of % Off
Market Price Gains Price Highs Lows Hi / Lo Lows Highs Highs Highs
The Dow 10,191.00 -2.3% 10,428.00 11,258.01 9,757.55 13.3% 6,469.95 14,198.10 Oct-07 28.2%
S&P 500 1,089.60 -2.3% 1,115.10 1,219.80 1,040.78 14.7% 666.92 1,576.06 Oct-07 30.9%
Nasdaq 2,244.00 -1.1% 2,269.00 2,535.28 2,139.46 15.6% 1,265.52 2,861.51 Oct-07 21.6%
Utilities 369.35 -7.2% 398.01 355.28 288.66 555.71 Jan-08 33.5%
Transports 4,342.00 5.9% 4,100.00 4,807.91 3,983.18 17.2% 2,134.21 5,536.57 May-08 21.6%
Russell
2000 652.27 4.3% 625.39 745.95 617.61 17.2% 342.59 862.00 Jul-07 24.3%
Semis
(SOX) 351.97 -2.2% 359.91 404.70 326.24 19.4% 167.55 549.39 Jul-07 35.9%

Dow Daily, weekly and quarterly supports are 9,886, 9,847 and 7,490 with annual, monthly and
semiannual resistances at 10,379, 10,958, 11,235 and 11,442.
S&P 500 Daily, weekly and annual supports are 1055.7, 1046.9 and 1014.2 with monthly, annual,
semiannual resistances at 1156.3, 1179.0 and 1194.6. My quarterly support is 805.4.
NASDAQ Daily, weekly and quarterly supports are 2158, 2140 and 1833 with annual and semiannual
pivots at 2250 and 2258, and monthly and semiannual resistances at 2370 and 2392.
Dow Utilities Weekly and quarterly supports are 362.74 and 307.70 with a daily pivot at 366.05, and
monthly resistance at 372.78.
Dow Transports Daily, weekly and quarterly supports are 4087, 4150, 3447 and 3142 with my
annual pivot at 4324, and semiannual and monthly resistances at 4488, 4511 and 4557.
Russell 2000 Daily, weekly and quarterly supports are 617.06, 629.46 and 509.08 with monthly,
semiannual, and annual resistances at 666.15, 673.50, 717.69, 723.54 and 748.99.
The SOX Daily and weekly supports are 331.70 and 323.90 with monthly and semiannual resistances
at 357.69 and 358.89.
 Dow Tracks Daily Chart
Daily Dow: The Dow could not take out its 200-day simple moving average at 10,299 on June 3rd, and
could not hold an attempt to move above the 200-day, which was 10317 on Monday. The close was
just above the 21-day at 10,173, so we have a neutral zone. Keep in mind that the 200-day on SPX
was not tested at 1108. MOJO is rising on the daily chart with my annual pivot at 10,379 and the 50-
day SMA at 10637. It seems that the April 26th high at 11,258 ends the bear market rally since March
2009, and starts the second leg of the multi-year bear market.

Courtesy of Thomson / Reuters

Weekly Dow: The Dow ended last week below its 200-week simple moving average at 11,108, after
testing the 61.8% Fibonacci Retracement of the October 2007 to March 2009 low at 11,246 with the
April 26th high at 11,258. MOJO is declining and weekly closes below the 5-week modified moving
average at 10,372 keeps the weekly chart profile negative. My annual pivot is 11,235 with monthly and
semiannual resistances at 10,958 and 11,442. I still predict Dow 8,500 before Dow 11,500.
Monthly Dow: Back in March 2009 the Dow held the up trend that goes back to the low following The
Crash of 1987. The Dow also held its 61.8% Fibonacci Retracement of the rally from the 1987 low and
the October 2007 high. ValuEngine showed all eleven sectors as 32% to 45% undervalued. These
were the reasons I predicted a 40% to 50% rally for stocks. Today sectors are overvalued by 2% to
23.5%. The 120-month simple moving average is 10,456.
 ValuEngine Stock of the Day
St Joe Corp (JOE)
St Joe Corp (JOE) has been rated a SELL according to ValuEngine with fair value at $27.80, which
makes the stock 14.4% undervalued. St. Joe Company is one of the Southeast's largest real estate
operating companies. St. Joe provides a broad range of real estate services to meet both residential
and commercial real estate needs. The company is one of the few real estate operating companies to
have assembled the range of real estate, financial, marketing and regulatory expertise to take a large-
scale approach to real estate development and services. This stock is a poster child of the
problems on the Panhandle of Florida, as shares have crashed since the Gulf of Mexico oil spill.
Analysis The daily chart for St Joe shows rising MOJO with the stock below its 21-day, 50-day and
200-day simple moving averages at $25.92, $30.50 and $29.01. My weekly value level is $21.69 with
monthly risky level at $26.87.

Courtesy of Thomson / Reuters

Mkt Fair Forecast 1- Forecast 1- Last 12-Mon 5-Yr Avg P/E
Ticker Company Name
Price Value Mon Retn(%) Yr Retn(%) Retn (%) Retn (%) Ratio
JOE ST JOE CO 23.80 27.80 -0.64 -17.63 -7.15 -23.85 n/a