Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.

ValuEngine is a fundamentally-based quant research firm in Newtown, PA. ValuEngine

covers over 7,000 stocks every day.

A variety of newsletters and portfolios containing Suttmeier's detailed research, stock

picks, and commentary can be found HERE.

September 2, 2010 – Stock Straddle Monthly Levels after Strong September Start.

The yield on the 10-Year US Treasury rose to my new monthly pivot at 2.562 on Wednesday.
Gold’s all time high at $1266.5 set on June 21st is being blocked by my semiannual and monthly
risky levels at $1260.8 and $1263.8. Crude oil tested my new monthly pivot at $74.45 on
Wednesday. The euro alleviated an oversold condition on its daily chart. The Dow climbed
above my new monthly pivot at 10,164. The S&P 500 is above my monthly pivot at 1074.9. Still
to be tested are monthly risky levels at 2196 for the NASDAQ and 4364 on the Dow Transports.
The SOX tested its monthly level at 317.72, but the Russell 2000 is shy of its monthly risky level
at 652.82. Straddling monthly levels is the net overall neutral zone for stocks.
10-Year Note – (2.577) My weekly value level is 2.648 with monthly, quarterly and daily pivots at
2.562, 2.495 and 2.491 and my semiannual risky level at 2.249. My annual value levels are 2.813 and
2.999. Note that the decline in yield is no longer overdone on the daily chart.

Courtesy of Thomson / Reuters

Comex Gold – ($1246.4) Semiannual, weekly, quarterly and annual value levels are $1218.7,
$1211.5, $1140.9 and $1115.2 with daily, semiannual and monthly risky levels at $1251.2, $1260.8 and
$1263.8. Note that gold is still overbought on its daily chart.

Courtesy of Thomson / Reuters

Nymex Crude Oil – ($73.96) My daily pivot is $72.50 with a monthly pivot at $74.45, and annual,
weekly and semiannual risky levels at $77.05, $81.35 and $83.94. Note that crude oil is no longer
oversold on the daily chart profile.

Courtesy of Thomson / Reuters

The Euro – (1.2806) Daily, quarterly and monthly value levels are 1.2716, 1.2167, 1.1721 and 1.1424
with weekly and semiannual risky levels at 1.3170 and 1.4733. Note that the euro is no longer
oversold on its daily chart.

Courtesy of Thomson / Reuters

Daily Dow: (10,269) Daily and quarterly value levels are 10,003 and 7,812 with a monthly pivot at
10,164, and annual, semiannual, weekly and annual risky levels at 10,379, 10,558, 10,904 and
11,235. My annual risky level at 11,235 was tested at the April 26th high of 11,258.01. The 50-day
simple moving average is 10,260 with the 21-day and 200-day simple moving averages as
resistances at 10,317 and 10,451.

Courtesy of Thomson / Reuters

That’s today’s Four in Four. Have a great day.

Richard Suttmeier
Chief Market Strategist
ValuEngine.com
(800) 381-5576

Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our products
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As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com.
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