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The ValuEngine Weekly is an Investor Education newsletter focused on the quantitative approach to investing and the tools
available from ValuEngine. In today's fast-moving and globalized financial markets, it is easy to get overloaded with information.
The winners will adopt an objective, scientific, independent and unemotional approach to investing.
SECTOR OVERVIEW
Subscribers can check out the latest valuation, forecast, and ratings figures on
the Aerospace-Defense Sector from our Models HERE.
Our latest ValuEngine FDIC Report is now posted. The report contains loan
exposure and/or ValuEngine datapoints on valuation, forecast, and ratings for all of the
institutions on our List of Problem Banks.
Suttmeier Says
--Commentary and Analysis from Chief Market Strategist
Richard Suttmeier
Treasury Yields
10-Year-- (3.225) Daily and semiannual value levels are 3.306 and
3.479 with a weekly pivot at 3.142, and annual pivots at 2.999 and
2.813, and quarterly, semiannual and monthly risky levels at 2.265,
2.249 and 1.949. The US Treasury yields have stabilized since the
$21 billion 10-Year note auction that came at 3.340 on Wednesday.
Nymex Crude-- (($88.45) Semiannual, annual and monthly value levels are $83.94,
$77.05 and $75.50 with a weekly pivot at $86.30, and daily, semiannual and annual
risky levels at $89.85, $96.53 and $97.29. Nymex Crude oil traded to a 52-week high at
$90.76 on Tuesday and my semiannual value level remains at $83.94. Note that
Tuesday was a Key Reversal Day.
The Euro--(1.3244) My monthly value level is 1.2500 with daily and quarterly pivots at
1.3339 and 1.3318, and weekly and semiannual risky levels at 1.3473 and 1.4733.The
euro remains below my quarterly pivot at 1.3318 with the 200-day at 1.3115.
Major Indices
The S&P 500 closed above its 61.8% Fibonacci Retracement at 1228.74, but will
that be enough to pull the Dow Industrials to a close above 11444.08 to confirm
another Dow Theory Buy Signal? Or, will the S&P fail with the Dow having a double-
top at 11,450 instead?
The Dow--
Daily: (11,370) Semiannual, annual, monthly and quarterly value levels are 10,558,
10,379, 10,325 and 8,523 with annual and semiannual pivots at 11,235 and 11,296, and
weekly and daily risky levels at 11,440 and 11,579. The Dow Industrial Average needs
a close above 11444.08 to confirm another Dow Theory Buy Signal. If not the Dow risks
a double-top at 11,450 instead.
Want to learn more about my “Buy and Trade” strategy and apply it to your own
portfolio?