monday was a day of consolidation for the us capital markets

8/6/2019 Monday was a day of consolidation for the US Capital Markets

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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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May 10, 2011 – Monday w as a day of c onsol idat ion for the US Capi t a l Market s

The yield on the 10-Year note continued to trend lower on a flight to quality. This will be put to

test over the next three days with auctions of $32 billion 3-Year notes on Tuesday, $24 billion10-Year notes on Wednesday and $16 billion 30-Year bonds on Thursday. Gold rebounded to$1517.7 this morning, which is shy of my quarterly pivot at $1523.7 and the May 2 nd all timehigh at $1577.4. Crude oil reversed to the upside as my annual pivots at $99.91 and $101.92became value levels once again. The euro slumped to a low of 1.4258 on Monday thenrebounded back above my quarterly pivot at 1.4308. Monday’s rebound for the equity averageswere below this week’s risky levels at 12,794 for the Dow Industrial Average, 1352.3 for the S&P500, 2856 for the NASDAQ, 5517 for Dow Transports and 868.01 for the Russell 2000.

10-Year Note – (3.142) My weekly value level is 3.304 with today’s risky level at 3.086.

Courtesy of Thomson / Reuters



Comex Gold – ($1513.2) My semiannual value level is $1452.6 with a daily pivot at $1513.1, and myquarterly risky levels at $1532.7 and weekly risky level at $1536.8.


Nymex Crude Oil – ($103.06) My annual pivots and today’s value level are $99.91, $101.92 and$100.67 with my semiannual risky level at $107.14.




The Euro – (1.4365) My quarterly pivot is 1.4308 with daily and semiannual risky levels at 1.4488 and1.4624. The 50-day simple moving average at 1.4279 held on Monday.


Weekly Dow: (12,685) The five-week modified moving average is 12,427 with daily and weekly riskylevels at 12,755 and 12,794. My annual value level lags at 11,491.




S&P 500 – (1346.3) YTD high – 1370.58 on 5/2. Today’s pivot is 1345.9 with my weekly risky level at1352.3. The October 2007 high is 1576.06.

NASDAQ – (2843) Multi-year high – 2887.75 on 5/2. My daily value level is 2821 with weekly riskylevel at 2856.

NASDAQ 100 (NDX) – (2391) Multi-year high – 2417.83 on 5/2. My daily value level is 2373 with aweekly pivot at 2380 and the May 2nd high at 2417.83.

Dow Transports – (5470) All time high – 5565.78 on 5/2. My annual value level is 5179 with daily andweekly pivots at 5503 and 5517.

Russell 2000 – (842.80) All time high – 868.57 on 5/2. Daily and annual value levels are 832.01 and784.16 with weekly and quarterly risky levels at 868.01 and 949.02.

The SOX – (443.66) My daily value level is 438.32 with weekly and quarterly risky levels at 448.29 and498.75. The SOX is well below its July 2007 high at 549.39.

Richard Suttmeier Speaking Event – The Executive Forum at the National Arts Club in NYC

I will be discussing why “The Great Credit Crunch” continues. The event is on Tuesday, May 17th atThe National Arts Club, 15 Gramercy Park South (E. 20th St.) Cocktails 5:45 PM, Dinner 6:30 PM,Presentation 7:30 PM. Use this link to register - http://www.execforumnyu.org/events.html

Definition of MOJO – This is my term for technical momentum. I use what’s called “12x3x3 slowstochastic 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.

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.comI have daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters awell as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as the

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monday was a day of consolidation for the us capital markets

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