Professional Documents
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A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks,
and commentary can be found HERE.
In last Friday’s “Four In Four” I told investors to increase allocations to Cash to 75%. Bank
Failure Friday continues to drain the Deposit Insurance Fund (DIF). Goldman Sachs is the tip of
the fraud allegations iceberg.
Shifting Investment Strategy to “Sell Strength”; In last Friday’s “Four In Four” I told investors to
increase allocations to Cash to 75% and said, “This is an historic time to raise cash to 75%.” I
justified this by stating that all eleven sectors were overvalued, and that stocks were overbought on all
time three time horizons: daily, weekly and monthly.
Today I show the weekly chart for the Dow Industry Average, which shows a test of the 200-week
simple moving average at 11,133 last week with a high for the move at 11,154.55. The 61.8% Fibonacci
retracement of the rally off the March 6, 2009 low from the October 2007 high comes in at 11,263. My
proprietary analytics shows a “Wall of Resistances”; 11,169 weekly, 11,228 monthly, 11,235 annual and
11,442 semiannual. Being overvalued and overbought with all of these resistances are the justifications
for the market call, “Dow 8,500 before Dow 11,500” and now I specifically say that we are in a “sell
strength” mode.