4
 Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in Newtown, PA. V aluEngine covers over 7,000 stocks every day. A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks, and commentary can be found HERE.  September 3, 2010 – The Pow er of t he Mont hly Pivots. The yield on the 10-Year US Treasury is above my new monthly pivot at 2.562, which is a sign favoring stocks. Gold’s is between my semiannual pivots at $1218.7 and $1260.8 with my monthly risky level at $1263.8. Crude oil is above my monthly pivot at $74.45 with my annual pivot at $77.05. The euro could be the negative divergence for stocks as my quarterly value level lags at 1.2167. The major equity averages straddle monthly pivots at 10,164 on Dow Industrials, 1074.9 S&P 500, 2196 NASDAQ, 4364 Dow Transports and 652.82 on Russell 2000. 10-Year Note – (2.628) My weekly value level is 2.648 with monthly, quarterly and daily pivots at 2.562, 2.495 and 2.514 and my semiannual risky level at 2.249. My annual value levels are 2.813 and 2.999. Note that the decline in yield is no longer overdone on the daily chart. Courtesy of Thomson / Reuters

The Power of the Monthly Pivots

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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 HERE. 

September 3, 2010 – The Pow er of t he Mont hly Pivots.

The yield on the 10-Year US Treasury is above my new monthly pivot at 2.562, which is a sign

favoring stocks. Gold’s is between my semiannual pivots at $1218.7 and $1260.8 with mymonthly risky level at $1263.8. Crude oil is above my monthly pivot at $74.45 with my annualpivot at $77.05. The euro could be the negative divergence for stocks as my quarterly valuelevel lags at 1.2167. The major equity averages straddle monthly pivots at 10,164 on DowIndustrials, 1074.9 S&P 500, 2196 NASDAQ, 4364 Dow Transports and 652.82 on Russell 2000.

10-Year Note – (2.628) My weekly value level is 2.648 with monthly, quarterly and daily pivots at2.562, 2.495 and 2.514 and my semiannual risky level at 2.249. My annual value levels are 2.813 and2.999. Note that the decline in yield is no longer overdone on the daily chart.

Courtesy of Thomson / Reuters

8/8/2019 The Power of the Monthly Pivots

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Comex Gold – ($1253.10) Semiannual, weekly, quarterly and annual value levels are $1218.7,$1211.5, $1140.9 and $1115.2 with daily, semiannual and monthly risky levels at $1259.9, $1260.8 an

$1263.8. Note that gold is still overbought on its daily chart.  

Courtesy of Thomson / Reuters

Nymex Crude Oil – ($74.99) My daily pivot is $74.32 with a monthly pivot at $74.45, and annual,weekly and semiannual risky levels at $77.05, $81.35 and $83.94. Note that crude oil is no longer 

oversold on the daily chart profile. 

Courtesy of Thomson / Reuters

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The Euro – (1.2822) Daily, quarterly and monthly value levels are 1.2799, 1.2167, 1.1721 and 1.1424with weekly and semiannual risky levels at 1.3170 and 1.4733. Note that the euro is no longer 

oversold on its daily chart.

Courtesy of Thomson / Reuters

Daily Dow: (10,320) Daily and quarterly value levels are 10,086 and 7,812 with a monthly pivot at10,164, and annual, semiannual, weekly and annual risky levels at 10,379, 10,558, 10,904 and11,235. My annual risky level at 11,235 was tested at the April 26 th high of 11,258.01. The 50-day

simple moving average is 10,261 with the 21-day at 10,300, and 200-day simple moving averageas resistance at 10,451.

Courtesy of Thomson / Reuters

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That’s today’s Four in Four. Have a great day.

Richard SuttmeierChief Market StrategistValuEngine.com(800) 381-5576

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.comI have daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters awell 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 HERE to review sample issues and find out more about my research.

“I Hold No Positions in the Stocks I Cover.”