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Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.ValuEngine is a fundamentally-based quant research firm in Princeton, NJ. ValuEngine

covers over 5,000 stocks every day.

A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks,and commentary can be found HERE.

June 11, 2010 The Power of the Pivots

The 30-Year Treasury auction was well bid, but traded weaker after the auction, which pulled the10-Year yield well above Wednesdays auction level. Gold is consolidating gains to Tuesdays alltime high at $1254.5. The euro is poised for an oversold rally that could test my quarterly pivotat 1.2450. Crude oil breaks the trading range to the upside so watch my annual pivot at $77.05.The Power of the Pivots gets the NASDAQ to 2215.

US Treasury Yields Yesterdays 30-Year bond auction was bid strongly as the US Treasury sold $13billion at 4.182% with the issue trading above that yield after the auction. The bid to cover was strong at2.78 times and the Indirect Bid was 36%, within my 30% to 40% neutral zone. For the 10-Year,quarterly support is 3.467 with todays resistance at 3.235. The range on the daily chart appears to befrom the 200-day simple moving average at 3.55 and the year to date low yield at 3.05.

Chart Courtesy of Thomson / Reuters

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Comex Gold A close below the 21-day simple moving average at $1216.3 indicates risk to the 50-day simple moving average at $1184.1. Gold is consolidating Tuesdays new all time high at $1254.4.Semiannual support is $1186.5 with monthly resistances at $1265.9 and $1277.4.

Courtesy of Thomson / Reuters

Nymex Crude Oil shows rising MOJO on its daily chart with the 200-day simple moving average at$76.75. Todays support is $72.75 with my annual risky level at $77.05.

Courtesy of Thomson / Reuters

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The Euro shows oversold MOJO on its daily chart, as the euro stays above this weeks support at1.1863. Quarterly and monthly resistances are 1.2450 and 1.2679.

Courtesy of Thomson / Reuters

Daily Dow:The Dow could not take out its 200-day simple moving average at 10,299 (now 10,310) lastweek. MOJO is rising making the daily chart neutral. The 21-day, 50-day and 200-day simple moving

averages are resistances at 10,234, 10,665 and 10,310. It seems that the April 26

th

high at 11,258 endsthe bear market rally since March 2009, and starts the second leg of the multi-year bear market. Weneed a weekly close above my annual pivot at 10,379 to extend the rally next week.

Courtesy of Thomson / Reuters

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Thats todays Four in Four. Have a great day.

Richard SuttmeierChief Market Strategistwww.ValuEngine.com(800) 381-5576

As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. Ihave daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters aswell as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as theValuTrader Model Portfolio newsletter. I hope that you will go to www.ValuEngine.com and review some of the sampleissues of my research.

I Hold No Positions in the Stocks I Cover.