The Dow & S&P 500 – Upside Limits should be 11,491 & 1210.7

8/4/2019 The Dow & S&P 500 Upside Limits should be 11,491 & 1210.7

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Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.ValuEngine is a fundamentally-based quant research firm in Newtown, PA. ValuEnginecovers over 7,000 stocks every day.

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August 25, 2011 The Dow & S& P 500 Upside Lim it s should be 11,491 & 1210.7

I expected my annual value level at 2335 on the NASDAQ to be the low end of the trading

range. Now I am looking for my annual pivots at 11,491 Dow and 1210.7 SPX to be the high endfor a second time since the August 9th post-FOMC lows. Stocks remain cheap, but not as cheapas on Monday; 83.2% of all stocks are undervalued and all 16 sectors are undervalued, 15 bydouble-digit percentages, 7 between 21.0% and 28.5% undervalued. Higher stock prices andhigher 30-Year bond yield pull down valuations. The parabolic bubble in gold has popped witha decline of $212.5 the Troy ounce from $1917.9 on Tuesday to $1705.4 this morning. Crude oilremains above its 200-week simple moving average at $83.90. The euro continues to have aproblem taking out this weeks risky level at 1.4492.

10-Year Note (2.298) Semiannual, weekly, annual and quarterly value levels are 2.414, 2.428, 2.690and 3.053 with daily and semiannual risky levels at 2.126 and 1.672.

Courtesy of Thomson / Reuters


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Comex Gold ($1767.0) Quarterly, semiannual and monthly value levels are $1655.8, $1644.8 and$1604.1 with weekly and daily risky levels at $1825.1 and $1872.0 and Tuesdays all time high at

$1917.9. Note the key reversal day on the daily chart.


Nymex Crude Oil ($85.03) The 200-week simple moving average is $83.90 with daily and weeklyrisky levels at $85.05 and $91.54, my annual pivots at $99.91 and $101.92 and quarterly and

semiannual risky levels at $102.40 and $103.92.



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The Euro (1.4416) My quarterly value level is 1.3728 with weekly, daily and semiannual risky levelsat 1.4492, 1.4558 and 1.4752.


Daily Dow: (11,321) The 200-week and 120-month simple moving averages are 10,714 and 10,568with a daily value level at 11,127, my annual pivot at 11,491, and weekly risky level at 11,819.Semiannual value levels are 9,635 and 8,468.



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S&P 500 (1177.6) Semiannual value levels are 981.3 and 855.7 with a daily value level at 1153.8and annual risky level at 1210.7.

NASDAQ (2468) Daily and annual value levels are 2390 and 2335 with weekly risky level at 2637.

NASDAQ 100 (NDX) (2145) Semiannual and annual value levels are 1951, 1861 and 1723 with adaily value level at 2077 and weekly risky level at 2309.

Dow Transports (4428) Daily and semiannual value levels are 4227 and 3868 with my semiannualpivot at 4335, and weekly and annual risky levels at 4744 and 5179.

Russell 2000 (692.57) Daily and semiannual value levels are 671.64, 577.47 and 530.04 withweekly and annual risky levels at 730.16 and 784.16.

The SOX (345.69) Annual and semiannual value levels are 270.98, 258.97 and 204.67 with a daily

value level at 332.41 and weekly risky level at 357.94.

Equity Fundamentals Stocks are extremely undervalued. 83.2% of all stocks are undervalued / 16.8% of all stocks are overvalued. In March 2009, 91.1%

of all stocks were undervalued. All sixteen sectors are undervalued, fifteen by double-digit percentages, seven by 21.0% to

28.5%. Back in March 2009 the sectors were undervalued by 33% to 45%. Check out andsubscribe to www.ValuEngine.com.

VE Morning Briefing If you want expanded analysis of the US Capital Markets including a FearlessPrediction of the Week and a Stock of the Day go to this link and sign up:http://www.valuengine.com/nl/mainnl?nl=D

ValuTrader Model Portfolio If you want to learn how to Buy and Trade use this link and sign up:http://www.valuengine.com/nl/mainnl?nl=V

ETF Weekly If you want my Value Levels and Risky Levels for 30 Electronically Traded Funds usethis link and sign up: http://www.valuengine.com/nl/mainnl?nl=U

ValuEngine FDIC Evaluation Report In this report I slice and dice the FDIC Quarterly BankingProfile. My August report will be published today. We publish a ValuEngine List of Problem Banksin this publication: http://www.valuengine.com/nl/mainnl?nl=C

Definition of MOJO This is my term for technical momentum. I use whats called 12x3x3 slow

stochastic readings from daily, weekly and monthly charts. The scale is zero to 10.0 where above 8.0is overbought and below 2.0 is oversold.

Buy and Trade Strategies for Long Positions Value Level The price at which you establish an additional long position on share price

weakness. This is done on a GTC Limit Order to buy weakness to the Value Level. Risky Level The price at which you remove a single long position or reduce a multiple

long position on share price strength. This is done on a GTC Limit Order to sell strength tothe Risky Level.


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Buy and Trade Strategies for Short Positions Value Level The price at which you remove a single short position or reduce a multiple

short position on share price weakness. This is done on a GTC Limit Order to buy weaknes

to the Value Level. Risky Level The price at which you establish an addition short position on share price

strength. This is done on a GTC Limit Order to sell strength to the Risky Level.

Richard SuttmeierChief Market StrategistValuEngine.com(800) 381-5576

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As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. I have daily, weekly, monthly, andquarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. Mynewest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go tohttp://www.valuengine.com/nl/mainnl to review sample issues and find out more about my research.

I Hold No Positions in the Stocks I Cover.

The Dow & S&P 500 – Upside Limits should be 11,491 & 1210.7

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