Four in Four Report

8/4/2019 Four in Four Report

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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

and commentary can be found http://www.valuengine.com/nl/mainnl

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September 23, 2011 Bear ish Transpor ts & Smal l Caps w in t he tug o f w ar

The Dow Transports and Russell 2000 with their bearish daily charts pulled the NASDAQ 100

(NDX) and Philadelphia Semiconductor Index (SOX) into the bear camp winning the Bull vsBear tug of war. The Dow Industrial Average, Dow Transports and Russell plunged below theirAugust 9th lows setting new year-to-date or 52-week lows at 10,597.14, 4095.81 and 634.71.Meanwhile the S&P 500, NASDAQ, NASDAQ 100 and SOX remain above their August 9th lows a1101.50, 2331.65, 2034.92 and 325.41. The most important technical is that the Dow IndustrialAverage held the zone of its 200-week and 120-month simple moving averages at 10,675 and10,590. The yield on the 10-Year US Treasury reached a new all time low at 1.698 versus mysemiannual risky level at 1.672 as operation twist begins. Gold tested its 50-day simplemoving average at $1741.6. Crude oil broke below its 200-week simple moving average at$83.68 as a sign of a weakening global economy.

10-Year Note (1.711) Daily, semiannual, annual, monthly and quarterly value levels are 1.899,

2.414, 2.690, 2.715 and 3.053 with semiannual and weekly risky levels at 1.672 and 1.460.

Courtesy of Thomson / Reuters


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Comex Gold ($1739.3) Monthly, quarterly and semiannual value levels are $1702.3, $1655.8 and$1644.8 with the 50-day SMA at $1741.6, my daily pivot at $1764.0, and weekly risky level at $1970.8


Nymex Crude Oil ($80.32) My weekly value level at $74.97 with the 200-week simple movingaverage at $83.68, a daily pivot at $83.32, the 50-day at $89.38, my annual pivots at $99.91 and$101.92 and quarterly, semiannual and monthly risky levels at $102.40, $103.92 and $104.23.



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The Euro (1.3478) No value levels with daily and quarterly pivots at 1.3678 and 1.3728, the 200-daysimple moving average at 1.4043, and weekly, semiannual and monthly risky levels at 1.3906, 1.4752

and 1.4872.


Daily Dow - (10,734) My weekly value level is 10,032 with the 200-week and 120-month simplemoving averages at 10,675 and 10,590, and daily, annual and monthly risky levels at 11,316, 11,491and 12,779. Semiannual value levels are 9,635 and 8,468 with the 50-day and 200-day SMA death

cross at 11,575 and 11,997.



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S&P 500 (1129.6) Weekly and semiannual value levels are 1039.6, 981.3 and 855.7 with daily andannual risky levels at 1197.4 and 1210.7, the 50-day at 1216.5 and daily and monthly risky levels at

1214.0 and 1342.1.NASDAQ (2456) Annual, weekly, and semiannual value levels are 2335, 2210, 2199 and 2049 withthe 50-day at 2585, and daily and monthly risky levels at 2613 and 2827.

NASDAQ 100 (NDX) (2185) Weekly, semiannual and annual value levels are 1989.0, 1951, 1861and 1723 with the 50-day at 2241, and daily and monthly risky levels at 2319 and 2431.

Dow Transports (4150) Weekly value levels are 3868 and 3755 with my semiannual pivot at 4335,a daily risky level at 4556, the 50-day at 4721, and annual and monthly risky levels at 5179 and 5190.

Russell 2000 (643.44) Weekly and semiannual value levels are 566.76, 577.47 and 530.04 with adaily risky level at 690.75, the 50-day at 728.53, and annual and monthly risky levels at 784.16 and

825.19.

The SOX (352.78) Weekly, annual and semiannual value levels at 306.68, 270.98, 258.97 and204.67 with the 50-day SMA at 364.78, and daily and monthly risky levels at 385.76 and 418.07.

Equity Fundamentals Stocks are extremely undervalued. 91.8% of all stocks are undervalued / 8.2% of all stocks are overvalued. Stocks are as cheap as

they were In March 2009 when 91.1% of all stocks were undervalued. Stocks are cheapergiven lower prices and lower 30-Year bond yield.

All sixteen sectors are undervalued by double-digit percentages, fifteen by 23.6% to 36.1%.Back in March 2009 the sectors were undervalued by 33% to 45%. Check out and subscribeto 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

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 usethis 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 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 price

weakness. This is done on a GTC Limit Order to buy weakness to the Value Level.


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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 multiple

short 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) 381-5576To unsubscribe from this free email newsletter list, please clickhttp://www.valuengine.com/pub/Unsubscribe?

Send your comments and questions to [email protected]. For more information on our productsand 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, 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.

Four in Four Report

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