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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.

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Januar y 12, 2011 Stock s Set t o Chal lenge This Weeks Risky Levels

This weeks pivots / risky levels are 11,714 Dow, 1279.8 SPX, 2737 NASDAQ, 5308 DowTransports and 818.09 Russell 2000. Todays highs could straddle these levels.

The major equity averages still straddle quarterly value levels, pivots and risky levels favoringa reversal-oriented first quarter 11,395 Dow, 1162.5 SPX, 2853 NASDAQ, 4671 Transports and765.50 Russell 2000. The NASDAQ has the only quarterly risky level, which is the target if allweekly risky levels become pivots.

The US Treasury 10-Year yield has a weekly value level at 3.636 the 50-day and 200-day simplemoving averages crossing at 3.063 and 3.045 as resistance. Comex gold has had closes belowthe 50-day, now at $1383.3. My annual value level remains $1356.5 with this weeks risky levelat $1396.2. Nymex crude oil tested this weeks risky level at $91.10, which is now a pivot. Theeuro remains below its 200-day at 1.3070. If the Dow Industrial Average fails to close above11,714 the key support is 21-day simple moving average at 11,578.

10-Year Note (3.347) Weekly, annual and semiannual value levels are 3.636, 3.791 and 4.268 witha daily pivot at 3.349. Annual, semiannual and monthly risky levels are 2.690, 2.441, 2.322 and 2.150.

Courtesy of Thomson / Reuters

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Comex Gold ($1381.2) Daily, annual, semiannual and annual value levels are $1365.5, $1356.5,$1300.6 and $1187.2 with a weekly risky level at $1396.2. Monthly, quarterly and semiannual risky

levels are $1439.0, $1441.7 and $1452.6.

Courtesy of Thomson / Reuters

Nymex Crude Oil ($91.25) Semiannual and monthly value levels are $87.52 and $75.74 with dailyand weekly pivots at $90.91 and $91.10. Weekly closes above $87.52 targets annual, semiannual and

quarterly risky levels at $99.91, $101.92, $107.14 and $110.87.

Courtesy of Thomson / Reuters

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The Euro (1.2973) Monthly and weekly value levels are 1.2805 and 1.2773 with a daily pivot at1.2942 and quarterly risky level at 1.3227. Semiannual and annual risky levels are 1.4624, 1.4989,1.6367 and 1.7312.

Courtesy of Thomson / Reuters

Daily Dow: (11,672)Annual, quarterly, semiannual, monthly and semiannual value levels are 11,491,11,395, 10,959, 10,427 and 9,449 with weekly and daily risky levels at 11,714 and 11,767, and annualrisky level at 13,890.

Courtesy of Thomson / Reuters

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Thats todays Four in Four. Have a great day.

Richard Suttmeier

Chief Market StrategistValuEngine.com, (800) 381-5576

Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our products and services visitwww.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 HERE to review sample issues andfind out more about my research.

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