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 16, 2013 The Nasdaq sets another new all time multi-year high at 3824.44.

The yield on the US Treasury 10-Year yield rose towards its 50-day SMA at 2.748%. The yield on the US Treasury 30-Year bond moved above its 50-day SMA at 3.766%. The weekly chart shows that the 10-Year yield is above its five-week MMA at 2.704%. The weekly chart shows that the 30-year yield is above its five-week MMA at 3.739%. 10-Year Note (2.724) My semiannual value level is 3.227 with daily and weekly pivots at 2.717 and 2.684, and monthly, annual and semiannual risky levels at 2.603, 2.476, 1.981 and 1.719. Comex gold remains below its 50-day SMA at $1341.1 the Troy ounce with the 200-day SMA at $1447.4. The weekly chart stays negative with the five-week MMA at $1313.5 and the 200-week SMA at $1476.9. Crude oil remains below its 50-day SMA at $105.54 with the 200-day SMA at $98.42 with declining momentum. The weekly chart remains negative with the five-week MMA at $103.94 and the 200-week SMA at $91.39. The euro vs. the dollar is above its 50-day and 200-day SMAs at $1.3392 and 1.3194 with the February high at $1.3709 on a daily chart that shows a negative trend in momentum. The weekly chart remains positive but overbought with the five-week MMA at 1.3435 and the 200-week SMA at 1.3330. Comex Gold ($1281.2) My monthly value level is $1145.2 with a daily pivot at $1272.5, and weekly, quarterly and annual risky levels at $1297.7, $1435.6, $1599.9 and $1852.1. Nymex Crude Oil ($100.90) My monthly value level is $99.84 with a daily pivot at $101.53, and weekly, semiannual, quarterly and annual risky levels at $102.79, $109.84, $114.36 and $115.23. The Euro (1.3516) 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 1.3465 and 1.3496 and annual risky level at 1.4295. The Dow Industrial Average held its 200-day SMA at 14,737.60 last Wednesday and is now above its 50-day SMA at 15,177.84. The S&P 500 is well above its 50-day SMA at 1678.37. The Nasdaq is well above its 50-day SMA at 3703.47 and set a new multi-year high at 3824.44 on Tuesday. The Dow Transportation Average is well above its 50-day SMA at 6506.65. The Russell 2000 is well above its 50-day SMA at 1052.00. The weekly chart for Dow Industrials stays negative with a close this week below its five-week MMA at 15,205.27. The weekly chart for the S&P 500 shows the index above its five-week MMA at 1688.67

with flat momentum. The weekly chart for the Nasdaq stays positive but overbought with its five-week MMA at 3737.98 as momentum remains well above 80.00 at 91.94. The weekly chart for Dow Transports shifts to positive with a close this week above its five-week MMA at 6564.18. The weekly chart for the Russell 2000 remains positive but overbought with its five-week MMA at 1064.01 as momentum remains above 80.00 and 88.62. My weekly pivots at 15,224 on Dow Industrials and 1708.0 on the S&P 500 were magnets again on Tuesday. My weekly risky levels remain at 3859 Nasdaq, 6697 Dow Transports and 1092.70 Russell 2000. Monthly, semiannual and quarterly risky levels are 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 potential given continued 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: (15,168) Daily, semiannual and annual value levels are 15,134, 14,724 and 12,696 with a weekly pivot at 15,224, 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 (1699.7) Daily, semiannual and annual value levels are 1695.1, 1606.9, 1400.7 and 1348.3 with a weekly pivot at 1708.0, 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 (3794) Semiannual and annual value levels are 3668 and 2806 with daily and semiannual pivots at 3760 and 3759, the Oct. 15 multi-year high at 3824.44, and monthly, weekly and quarterly risky level at 3830, 3859 and 4025. NASDAQ 100 (NDX) (3245) Daily and annual value levels are 3118 and 2463 with a monthly pivot at 3254, the Oct. 15 multi-year high at 3269.97, and weekly, semiannual and quarterly risky levels at 3298, 3304 and 3477. Dow Transports (6643) Daily and annual value levels are 6593, 5925 and 5469 with a weekly risky level at 6697, the Sept. 20 all time high at 6754.81, and monthly, semiannual and quarterly risky levels at 6811, 7104 and 7205. Russell 2000 (1080.43) Daily and annual value levels are 1070.20, 860.25 and 809.54 with a semiannual pivot at 1089.42, the Oct. 14 all time high at 1090.20, and weekly, monthly and quarterly risky levels at 1092.70, 1092.46 and 1163.21. The SOX (496.50) Daily and annual value levels are 495.66 and 338.03 with the Oct. 15 high at 502.13, and weekly, monthly, quarterly and semiannual risky level at 506.72, 512.13, 514.87 and 533.56. Dow Utilities: (482.57) My semiannual value level is 481.92 with a weekly pivot at 483.20 and daily, monthly, quarterly, semiannual and annual risky levels at 489.44, 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.