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 5, 2011 Mindboggling Volatility, but Trading Ranges Persist Thanksgiving week was the weakest Thanksgiving Week for the Dow Industrial Average since 1932. Last week was one of the strongest weeks ever. This volatility falls perfectly within my year end forecast that I made in early October; The October 4th low at 10,404.49 is the low for the year for the Dow Industrials, and the May 2nd high at 12,876.00 is the high for the year. My monthly and annual pivots protect the downside at 11,794 and 11,491 while my quarterly and weekly risky levels at 12,507 and 12,650 limit the upside. Also protecting the downside is a 30Year US Treasury bond yield at 3%, down from 4 % in February. This decline in yield is the primary reason why ValuEngine showed 65% of all stocks overvalued in February and 93% of all stocks undervalued on October 4th. 10-Year Note (2.037) Weekly, semiannual, quarterly and annual value levels are 2.135, 2.414, 2.669 and 2.690 with a daily pivot at 2.036, and semiannual and monthly risky levels at 1.672 and 1.602.

Courtesy of Thomson / Reuters

Comex Gold ($1749.4) Semiannual and annual value levels are $1469.9, $1644.8 and $1,356.5 with quarterly and daily pivots at $1738.4 and $1761.4, and weekly and monthly risky levels at $1808.4 and $1873.8, 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 ($101.01) The October 4th year-to-date low is $74.95 with a monthly value level at $86.20, quarterly, monthly and annual pivots at $100.34, $99.91 and $101.92, and weekly, semiannual risky levels at $107.75, $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 (1.3402) Daily and quarterly value levels are 1.3257 and 1.2598 with weekly, monthly and semiannual risky levels at 1.3944, 1.3953, 1.4752 and 1.4872.

Courtesy of Thomson / Reuters

Weekly Dow: (12,019) Annual, and semiannual value levels are 11,491, 9,635 and 8,468 with daily and monthly pivots at 11,823 and 11.794, and quarterly, weekly, and annual risky levels at 12,507, 12,650 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 (1244.3) The October 4th YTD low is 1074.77 with daily, annual and monthly value levels at 1224.0, 1210.7 and 1211.8, semiannual value levels at 981.3 and 855.7, and quarterly, weekly and annual risky levels at 1303.7, 1317.4 and 1562.9. The YTD high is 1370.58. NASDAQ (2627) The October 4th YTD low is 2298.89 with monthly, daily and annual value levels at 2588, 2580 and 2335, semiannual value levels at 2199 and 2049, and weekly and quarterly risky levels at 2782 and 2807, and the YTD high at 2887.75. My annual risky level is 3243. NASDAQ 100 (NDX) (2302) The YTD low is 2034.92 with monthly and daily value levels at 2282 and 2273, semiannual value levels at 1951 and 1861, and weekly and quarterly risky levels at 2426, 2434 and 2440, the YTD high at 2437.42, and my annual risky level at 2590. Dow Transports (4947) The October 4th YTD low is 3950.66 with daily, monthly and semiannual value levels at 4812, 4752, 4335 and 3868, and annual, weekly and quarterly risky levels at 5179, 5294 and 5359, and the YTD high / all time high at 5627.85 on July 7th. Russell 2000 (735.01) The October 4th YTD low is 601.71 with daily and monthly value levels at 713.42 and 695.30, semiannual value levels at 577.47 and 530.04, and weekly, annual and quarterly risky levels at 795.55, 784.16 and 802.96, and the YTD high / all time high at 868.57 on May 2nd. The SOX (374.57) The October 4th YTD low is 322.24 with daily and monthly value levels at 359.69 and 343.57, an annual value levels at 270.98, and weekly and quarterly risky level at 398.13 and 417.63, and the YTD high at 450.79. Equity Fundamentals Stocks are undervalued, but 77.9% is well below the October 4th 93.5%. 78.8% of all stocks are undervalued / 21.2% of all stocks are overvalued. On October 4th 93.5% of all stocks were undervalued. Fifteen of sixteen sectors are undervalued by double-digit percentages. Only four are undervalued by 21.2% to 23.9%. 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.

I Hold No Positions in the Stocks I Cover.