Richard Suttmeier is the Chief Market Strategist at
ValuEngine is a fundamentally-based quant research firm in Newtown, PA. ValuEnginecovers over 7,000 stocks every day.A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks,and commentary can be found at
November 24, 2010 – The FDIC Q3 Quarterly Banking Profile shows continuedstress in the banking system.
For the 10-Year yield my annual value level is 2.999 with my annual pivot at 2.813 and thisweek’s risky level at 2.656. Gold is above my monthly pivot at $1373.0 with this week’s riskylevel at $1412.1. Crude oil is between my monthly value level at $78.51 and my semiannualpivot at $83.94. On the euro I have been looking for weakness to my quarterly value level at at1.3318 and the overnight low was 1.3288. For the Dow my monthly value level is 10,848 with the50-day at 11,032 and my annual and semiannual pivots at 11,235 and 11,296. The FDIC shows860 problem banks increasing the percent of problem banks to 11.1% from 10.6%.10-Year Note
– (2.760) Annual and daily levels are 2.999 and 3.009 with my annual pivot at 2.813,and weekly, monthly, quarterly and semiannual risky levels at 2.656, 2.380, 2.265 and 2.249.
Courtesy of Thomson / Reuters