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

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October 3, 2013 No new highs as Nasdaq and Russell 2000 remain overbought.

10-Year Note (2.620) Weekly and semiannual value levels are 2.907 and 3.227 with a monthly pivot at 2.603, and daily, annual, quarterly and semiannual risky levels at 2.537, 2.476, 2.252 and 1.981. Comex gold remains below its 50-day SMA at $1344.3 the Troy ounce with the 200-day SMA at $1463.8. The weekly chart stays negative if Fridays close is below the five-week MMA at $1339.3 with the 200-week SMA at $1475.4. Crude oil remains below its 50-day SMA at $106.05 with the 200-day SMA at $97.83 on an oversold daily chart. The weekly chart remains negative with the five-week MMA at $105.26 and the 200-week SMA at $91.09. The euro vs. the dollar is above its 50-day and 200-day SMAs at $1.3347 and 1.3177 with the February high at $1.3709 an overbought daily chart. The weekly chart profile remains positive but overbought with the five-week MMA at 1.3389 and the 200-week SMA at 1.3339. Comex Gold ($1316.2) My monthly value level is $1145.2 with a daily pivot at $1316.1, and weekly, quarterly and annual risky levels at $1401.6, $1435.6, $1599.9 and $1852.1. Nymex Crude Oil ($103.84) Daily and monthly value levels are $101.01 and $99.84 with weekly, semiannual, quarterly and annual risky levels at $105.87, $109.84, $114.36 and $115.23. The Euro (1.3584) Annual, quarterly, monthly and semiannual value levels are 1.3257, 1.2805, 1.2782, 1.2756 and 1.2477 with daily and weekly pivots at 1.3528 and 1.3451 and my annual risky at 1.4295. The Dow Industrial Average is below its 50-day SMA at 15,264 with the other major averages above their 50-day at 1680.00 S&P 500, 3680 Nasdaq, 6498 Dow Transports and 1048.53 Russell 2000. The weekly charts remain mixed with the five-week MMAs at 15,209 Dow Industrials, 1680.48 S&P 500, 6528 Dow Transports and 1053.83 Russell 2000. The Dow Industrial chart is negative, the S&P 500 is neutral, Dow Transports is positive and Nasdaq and Russell 2000 are positive but overbought. If the Nasdaq ends the week above 3759 the upside potential is to monthly, semiannual and quarterly risky levels at 15,932 / 16,490 / 16,775 Dow Industrials, 1746.4 / 1743.5 / 1853.8 S&P 500, 3830 / 4025 Nasdaq, 6811 / 7104 / 7205 Dow Transports and 1092.46 / 1089.42 / 1163.21 Russell 2000. A weekly close below 3759 on the Nasdaq indicates risk towards annual value levels at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports, and 809.54 Russell 2000.

Daily Dow: (15,133) Daily, weekly, semiannual and annual value levels are 15,034, 14,696, 14,724 and 12,696 with the Sept. 18 all time high at 15,709.59, and monthly, semiannual and quarterly risky levels at 15,932, 16,490 and 16,775. S&P 500 (1693.7) Daily, weekly, semiannual and annual value levels are 1677.7, 1641.5, 1606.9, 1400.7 and 1348.3 with the Sept. 19 all time high at 1729.86, and semiannual, monthly and quarterly risky levels at 1743.5, 1746.4 and 1853.8. NASDAQ (3815) Semiannual, weekly, semiannual and annual value levels are 3759, 3695, 3668 and 2806 with a daily pivot at 3799, the Oct. 1 multi-year high at 3817.98, and monthly and quarterly risky level at 3830 and 4025. NASDAQ 100 (NDX) (3253) Daily, weekly and annual value levels are 3239, 3165 and 2463 with the Oct. 1 multi-year high at 3254.33, a monthly pivot at 3254, and semiannual and quarterly risky levels at 3304 and 3477. Dow Transports (6644) Daily, weekly and annual value levels are 6573, 6318, 5925 and 5469 with the Sept. 20 all time high at 6754.81, and monthly, semiannual and quarterly risky levels at 6811, 7104 and 7205. Russell 2000 (1082.58) Weekly and annual value levels are 1034.93 and 809.54 with a daily pivot at 1082.60, the Oct. 1 all time high at 1087.78, and semiannual, monthly and quarterly risky levels at 1089.42, 1092.46 and 1163.21. The SOX (495.10) Weekly and annual value levels are 470.81 and 338.03 with a daily pivot at 494.25, the Sept. 19 high at 500.24, and monthly, quarterly and semiannual risky level at 512.13, 514.87 and 533.56. Dow Utilities: (484.80) My weekly value level is 457.20 with a daily pivot at 485.93, and monthly, quarterly, semiannual and annual risky levels at 512.80, 520.55, 523.33 and 540.37. To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact me at RSuttmeier@gmail.com.