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 8, 2013 The Nasdaq bubble continues to re-inflate above my pivot at 3759.

The yield on the 10-Year US Treasury continues to show that the decline in yields is overdone with the 50-day SMA at 2.742%. The yield on the 30-Year US Treasury bond shows a negative divergence favoring a rise in yield to its 50-day SMA at 3.760%. The weekly chart for the 10-Year yield is between its five-week MMA at 2.687% and its 200-week SMA at 2.523%. The weekly chart for the 30-year yield is also between its five-week MMA at 3.720% and its 200-week SMA at 3.633%. 10-Year Note (2.632) Weekly and semiannual value levels are 2.960 and 3.227 with daily and monthly pivots at 2.641 and 2.603, and annual and semiannual risky levels at 2.476, 1.981 and 1.719. Comex gold remains below its 50-day SMA at $1343.9 the Troy ounce with the 200-day SMA at $1458.4. The weekly chart stays negative with the five-week MMA at $1334.3 with the 200-week SMA at $1476.3. Crude oil remains below its 50-day SMA at $105.03 with the 200-day SMA at $98.05 with a positive divergence in momentum on the daily chart. The weekly chart remains negative with the five-week MMA at $104.72 and the 200-week SMA at $91.25. The euro vs. the dollar is above its 50-day and 200-day SMAs at $1.3359 and 1.3181 with the February high at $1.3709 on a daily chart that shows a negative divergence in momentum. The weekly chart profile remains positive but overbought with the five-week MMA at 1.3423 and the 200-week SMA at 1.3334. Comex Gold ($1323.1) Daily and monthly value levels are $1304.1 and $1145.2 with weekly, quarterly and annual risky levels at $1389.9, $1435.6, $1599.9 and $1852.1. Nymex Crude Oil ($103.09) My monthly value level is $99.84 with a daily pivot at $103.60 and weekly, semiannual, quarterly and annual risky levels at $106.24, $109.84, $114.36 and $115.23. The Euro (1.3579) 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 1.3580 and 1.3443 and annual risky level at 1.4295. The Dow Industrial Average is between the 200-day SMA at 14,712.96 and below its 50-day SMA at $15,232.33. The S&P 500 is on the cusp of its 50-day SMA at 1679.72. The Nasdaq is well above its 50-day SMA at 3690.98. The Dow Transportation Average is above its 50-day SMA at $6502.13. The Russell 2000 is well above its 50-day SMA at 1049.99. The weekly chart for Dow Industrials stays negative with a close this week below its five-week MMA at

15,155.27. The weekly chart for the S&P 500 shifts to negative on a close this week below the fiveweek MMA at 1680.54. The weekly chart for the Nasdaq stays positive but overbought with a close this week above its five-week MMA at 3722.75. The weekly chart for Dow Transports shifts to negative on a close this week below the five-week MMA at 6530.43. The weekly chart for the Russell 2000 stays positive but overbought with a close this week above its five-week MMA at 1056.38. My weekly value levels are 14,809 Dow Industrials, 1658.8 S&P 500, 3763 Nasdaq, 6522 Dow Transports and 1053.91 Russell 2000 with monthly, semiannual and quarterly risky levels at 15,932, 16,490 and 16,775 Dow Industrials, 1746.4, 1743.5 and 1853.8 S&P 500, 3830 and 4025 Nasdaq, 6811, 7104 and 7205 Dow Transports and 1092.46, 1089.42 and 1163.21 Russell 2000. These are the upside potentials given weekly closes above my semiannual pivot at 3759 on the Nasdaq. My annual value levels remain at 12,696 Dow Industrials, 1348.3 S&P 500, 2806 Nasdaq, 5469 Dow Transports, and 809.54 Russell 2000. Daily Dow: (14,936) Weekly, semiannual and annual value levels are 14,809, 14,724 and 12,696 with a daily pivot at 14,945, 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 (1676.1) Weekly, semiannual and annual value levels are 1658.8, 1606.9, 1400.7 with a daily pivot at 1680.3, 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 (3770) Semiannual, weekly, semiannual and annual value levels are 3759, 3763, 3668 and 2806 with a daily risky level at 3816, the Oct. 1 multi-year high at 3817.98, and monthly and quarterly risky level at 3830 and 4025. NASDAQ 100 (NDX) (3216) Weekly and annual value levels are 3220 and 2463 with a daily risky level at 3253, the Oct. 1 multi-year high at 3254.33, and monthly, semiannual and quarterly risky levels at 3254, 3304 and 3477. Dow Transports (6538) Weekly and annual value levels are 6522, 5925 and 5469 with a daily risky level at 6587, the Sept. 20 all time high at 6754.81, and monthly, semiannual and quarterly risky levels at 6811, 7104 and 7205. Russell 2000 (1065.79) Weekly and annual value levels are 1053.91 and 809.54 with a daily risky level at 1076.96, 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 (495.09) Weekly and annual value levels are 489.73 and 338.03 with a daily pivot at 493.70, the Sept. 19 high at 500.24, and monthly, quarterly and semiannual risky level at 512.13, 514.87 and 533.56. Dow Utilities: (477.94) My weekly value level is 457.02 with a daily pivot at 476.56, 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.