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

ValuEngine is a fundamentally-based quant research firm in Melbourne, FL. ValuEngine

covers over 8,000 stocks every day.

A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks,
and commentary can be found http://www.valuengine.com/nl/mainnl

To unsubscribe from this free email newsletter list, please click
http://www.valuengine.com/pub/Unsubscribe?


August 20, 2014 The Nasdaq c ont i nues t o pul l t he ot her maj or aver ages hi gher.

The five major equity averages ended Tuesday above their five-week modified moving averages at
16742 Dow, 1947.8 S&P 500, 4387 Nasdaq, 8193 Dow Transports and 1145.59 Russell 2000.
Four of five major averages continue to have declining 12x3x3 weekly slow stochastics with the
Nasdaq still overbought.
Weekly pivots are at 16675 Dow Industrials, 1956.6 S&P 500, 4484 Nasdaq, 8301 Dow Transports,
and 1119.01 Russell 2000.
Monthly pivots are 4450 Nasdaq, 8292 Dow Transports and 1156.01 Russell 2000 with monthly risky
levels at 16871 Dow Industrials and 1979.2 S&P 500.
All weekly and monthly levels set up volatility below the all-time or multiyear intraday highs at
17151.56 (J uly 17) Dow Industrials, 1991.39 (J uly 24) S&P 500 (J uly 24), 4528.91 (Aug.19) Nasdaq,
8515.04 (J uly 23) Dow Transports, and 1213.55 (J uly 1) Russell 2000).
Semiannual and annual value levels remain at 16301, 14835 and 13437 Dow Industrials, 1789.3,
1539.1 and 1442.1 S&P 500, 3972, 3471 and 3063 Nasdaq, 7423, 6249 and 5935 Dow Transports
and 966.72 and 879.39 Russell 2000. Theres a semiannual pivot at 1139.81 on the Russell 2000.
Quarterly and semiannual risky levels remain at 17753 and 18522 Dow Industrials, 2052.3 and 2080.3
S&P 500, 4569 and 4642 Nasdaq, 8447 Dow Transports and 1293.11 and 1285.37 on the Russell
2000. Transports are above its quarterly pivot at 8256 once again. .
Dow Industrials: (16920) Weekly, semiannual and annual value levels are 16675, 16310, 14835 and
13467 with a monthly pivot at 16871, a daily risky level at 17052, the J uly 17 all-time intraday high at
17151.56 and quarterly and semiannual risky levels at 17753 and 18552.
S&P 500 (1981.6) Weekly, semiannual and annual value levels are 1956.6, 1789.3, 1539.1 and
1442.1 with a monthly pivot at 1970.2, the J uly 24 all-time intraday high at 1991.39, and daily,
quarterly and semiannual risky levels at 2000.2, 2052.3 and 2080.3.
NASDAQ (4528) Weekly, monthly, semiannual and annual value levels are 4484, 4450, 3972, 3471
and 3063 with the August 19 multiyear intraday high at 4528.91 and daily, quarterly and semiannual
risky levels at 4571, 4569 and 4642.

NASDAQ 100 (NDX) (4040) Monthly, quarterly, semiannual and annual value levels are 3925, 3894,
3078 and 2669 with the August 19 multiyear intraday high at 4041.50, and weekly, daily and
semiannual risky levels at 4046, 4078 and 4105.

Dow Transports (8415) Weekly, monthly, quarterly, semiannual and annual value levels are 8301,
8292, 8256, 7423, 6249 and 5935 with a semiannual risky level at 8447 and the J uly 23 all-time

intraday high at 8515.04 and daily risky level at 8536.
Russell 2000 (1162.47) Weekly and annual value levels are 1119.01, 966.72 and 879.39 with
semiannual and monthly pivots at 1139.81 and 1156.01, a daily risky level at $1172.79, the J uly 1 all-
time intraday high at 1213.55, and semiannual and quarterly risky levels at 1285.37 and 1293.11.
The SOX (631.47) Semiannual and annual value levels are 608.02, 512.94, 371.58 and 337.74 with
weekly and quarterly pivots at 619.91 and 626.96, a daily risky level at 640.57, the J uly 16 multiyear
intraday high 652.28 and monthly risky level at 654.50.

Dow Utilities: (554.68) Weekly, quarterly, semiannual and annual value levels are 540.66, 536.44,
523.72 and 497.53, with an annual pivot at 548.70, a daily risky level at $562.01, the J une 30 all-time
intraday high at 576.98 and monthly and semiannual risky levels at 579.73 and 612.49.
10-Year Note (2.403) Monthly, quarterly value levels are 2.545 and 3.048 with daily and weekly
pivots at 2.386 and 2.324 and annual and semiannual risky levels at 2.263, 1.999 and 1.779.
30-Year Bond (3.216) A quarterly value level is 3.971 with daily, monthly and annual pivots at 3.196,
3.178 and 3.283 and weekly, annual and semiannual risky levels at 3.108, 3.107 and 3.082.
Comex Gold ($1296.6) A quarterly value level is $1234.6 with monthly, weekly and daily pivots at
$1304.3, $1312.8 and $1311.9 and semiannual and annual risky levels at $1613.0, $1738.7, $1747.4
and $1818.8.
Nymex Crude Oil ($92.90) No value levels with weekly and daily pivots at $94.39 and $94.72 and
semiannual, annual, monthly and quarterly risky levels at $106.48, $107.52 and $107.70.
The Euro (1.3320) My semiannual value level is 1.2203 with daily, weekly and annual pivots at
1.3370, 1.3392 and 1.3382 and monthly and quarterly risky levels at 1.3703 and 1.4079.

The Dollar versus Japanese Yen (102.90) An annual value level is 93.38 with daily, weekly and
monthly and daily pivots at 102.88, 101.80 and 102.76, and a quarterly risky level at 112.83.

The British Pound (1.6618) My annual value level is 1.6262 with a daily pivot at 1.6592, and
quarterly, monthly and semiannual risky levels at 1.6874, 1.7177 and 1.7302.

To learn more about ValuEngine check out www.ValuEngine.com. Any comments or questions contact
me at RSuttmeier@gmail.com.