8/8/2019 The Dow Returns to My Annual Pivot at 10,379

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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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September 8, 2010 The Dow Retur ns t o My Annual Pivot at 10,379

The yield on the 10-Year US Treasury continues to trade between my annual value level at 2.813

and my quarterly risky level at 2.495. Gold tests $1262.3, which is between my semiannualpivot at $1260.8 and my monthly risky level at $1263.8. Crude oil continues to trade between itsAugust 25th low at $70.76 and my annual pivot at $77.05. The euro is between its August 24 thlow of 1.2591 and its 50-day simple moving average at 1.2842, which is a negative for stocks.The major equity averages still straddle monthly pivots at 10,164 on Dow Industrials, 1074.9S&P 500, 2196 NASDAQ, 4364 Dow Transports and 652.82 on Russell 2000. The Transports areback below its monthly pivot. The Dow has trouble with its 50-day at 10,451.

10-Year Note (2.609) My annual value levels are 2.813 and 2.999 with a daily pivot at 2.639 andmonthly, weekly, quarterly and semiannual risky levels at 2.562, 2.507, 2.495 and 2.249.

Courtesy of Thomson / Reuters

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Comex Gold ($1257.2) Weekly, semiannual, quarterly and annual value levels are $1223.7,$1218.7, $1140.9 and $1115.2 with a daily pivot at $1254.2, and semiannual and monthly risky levels

at $1257.5, $1260.8 and $1263.8. Note that gold is still overbought on its daily chart.

Courtesy of Thomson / Reuters

Nymex Crude Oil ($73.75) Quarterly value level is $56.63 with my monthly pivot is $74.45, anddaily, weekly, annual and semiannual risky levels at $75.37, $76.76, $77.05 and $83.94.

Courtesy of Thomson / Reuters

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The Euro (1.2698) Quarterly and monthly value levels are 1.2167, 1.1721 and 1.1424 with daily,weekly and semiannual risky levels at 1.2833, 1.3168 and 1.4733.

Courtesy of Thomson / Reuters

Daily Dow: (10,341) Monthly and quarterly value levels are 10,164 and 7,812 with daily and annualpivots at 10,358 and 10,379, and weekly, semiannual and annual risky levels at 10,515, 10,558 and11,235. My annual risky level at 11,235 was tested at the April 26thhigh of 11,258.01. The 50-daysimple moving average is 10,271 with the 21-day at 10,275, and 200-day simple moving averageas resistance at 10,451, which was tested on Friday.

Courtesy of Thomson / Reuters

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Thats todays Four in Four. Have a great day.

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

Send your comments and questions to Rsuttmeier@Gmail.com. 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

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I Hold No Positions in the Stocks I Cover.