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? September 6, 2011 Negative Weekly Charts Trump Technical Breakouts. A technical problem is that daily, weekly and monthly charts are simultaneously negative without being oversold. The monthly charts are just moving out of overbought territory and for the Dow Industrial Average shifts to negative at the end of September on a monthly close below the five month modified moving average at 11,954. The weekly chart for the Dow Industrial Average stays negative on a weekly close below the five-week modified moving average at 11,590. The daily chart for the Dow Industrial Average shifted to negative on Fridays close below the five-day modified moving average at 11,371. 10-Year Note (2.003) Traded to a new all time low at 1.907 overnight on a heightened flight to quality. Daily, semiannual, annual, monthly and quarterly value levels are 2.196, 2.414, 2.690, 2.715 and 3.053 with weekly and semiannual risky levels at 1.811 and 1.672.

Courtesy of Thomson / Reuters

Comex Gold ($1884.4) Traded to a new all time high at $1923.7 overnight. Daily, monthly, quarterly and semiannual value levels are $1820.8, $1702.3, $1655.8 and $1644.8 with my weekly risky level at $1940.3.

Courtesy of Thomson / Reuters

Nymex Crude Oil ($86.72) Traded as low as $83.20 over the holiday weekend. The 200-week SMA is $83.85 with a weekly value level at $82.99, daily risky level at $87.73, the 50-day / 200 day death cross at $91.46 and $95.26, 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 (1.4193) Traded as low as 1.4042 overnight testing its 200-week simple moving average at 1.4025. My quarterly value level is 1.3728 with daily, weekly, semiannual and monthly risky levels at 1.4285, 1.4342, 1.4752 and 1.4872.

Courtesy of Thomson / Reuters

Weekly Dow: (11,240) My weekly value level is 10,588 with the 200-week and 120-month simple moving averages at 10,705 and 10,575, my annual pivot at 11,491, and daily and monthly risky levels at 11,588 and 12,779. Semiannual value levels are 9,635 and 8,468 with the 50-day and 200-day SMA death cross at 11,905 and 11.995, and quarterly and annual risky levels at 13,839 and 13,890.

Courtesy of Thomson / Reuters

S&P 500 (1174.0) Weekly and Semiannual value levels are 1096.2, 981.3 and 855.7 with my annual pivot at 1210.7, daily and monthly risky levels at 1217.2 and 1342.1, the 50-day and 200-day SMAs death cross at 1252 and 1284 and quarterly and annual risky levels are 1467.0 and 1562.9. NASDAQ (2480) Annual, weekly, and semiannual value levels are 2335, 2302, 2199 and 2049 with daily and monthly risky levels at 2574 and 2827, the 50-day and 200-day SMA death cross at 2649 and 2705, and quarterly and annual risky levels at 3109 and 3243. NASDAQ 100 (NDX) (2168) Weekly, semiannual and annual value levels are 2052, 1951, 1861 and 1723 with daily and monthly risky levels at 2242 and 2431, the 50-day and 200-day SMAs death cross at 2267 and 2286, and annual risky level at 2590. Dow Transports (4445) Semiannual, weekly, and semiannual value levels are 4335, 3972 and 3868 with daily, annual and monthly risky levels at 4677, 5179 and 5190, and the 50-day and 200-day SMAs death cross at 4973 and 5133. Russell 2000 (683.38) Weekly and semiannual value levels are 611.88, 577.47 and 530.04 with daily, annual and monthly risky levels at 720.03, 784.16 and 825.19 and the 50-day and 200-day SMAs death cross at 765.16 and 794.87. The SOX (341.46) Weekly, annual and semiannual value levels are 307.63, 270.98, 258.97 and 204.67 with daily and monthly risky levels at 350.14 and 418.07, the 50-day and 200-day SMAs death cross at 375.81 and 416.21 and quarterly and annual risky levels at 493.22 and 531.14. Equity Fundamentals Stocks are undervalued. 85.8% of all stocks are undervalued / 14.2% 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 20.3% to 30.6%. 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.