8/7/2019 Thursday was a Day of Consolidation for the US Capital Markets

1/4

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.

A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks

and commentary can be found at http://www.valuengine.com/nl/mainnl

March 18, 2011 Thursday w as a Day of Consol idat i on for the US Capi t a l Mark ets

On Thursday, the US Capital Markets consolidated the volatility we witnessed Monday through

Wednesday. The yield on the 10-Year US Treasury range is 3.349 to 3.139. Gold is between its50-day simple moving average at $1380.1 and $1433.5. Crude oil is between $96.22 and $101.99and hit $103.66 overnight. The euro is between 1.3859 and my weekly risky level at 1.4089. Allmajor equity averages traded within Wednesdays ranges on Thursday, which is between11,555.48 and 11,856.70 for the Dow Industrial Average.

10-Year Note (3.244) Weekly, annual, and semiannual value levels are 3.634, 3.796 and 4.268 witha daily pivot at 3.206, and monthly, annual, and semiannual risky levels at, 3.002, 2.690, 2.441, and2.322.

Courtesy of Thomson / Reuters

Comex Gold ($1405.20) Annual, quarterly, semiannual and annual value levels are $1356.5,$1331.3, $1300.6 and $1187.2 with daily and weekly pivots at $1392.5 and $1404.1, and monthly andquarterly pivots at $1437.7 and $1441.7, and semiannual risky level at $1452.6.

8/7/2019 Thursday was a Day of Consolidation for the US Capital Markets

2/4

Courtesy of Thomson / Reuters

Nymex Crude Oil ($101.49) Daily, monthly, weekly, and semiannual value levels are $97.71,$96.43, $95.66 and $87.52 with annual pivots at $99.91 and $101.92, and semiannual and quarterlyrisky levels at $107.14 and $110.87.

Courtesy of Thomson / Reuters

8/7/2019 Thursday was a Day of Consolidation for the US Capital Markets

3/4

The Euro (1.4018) My quarterly value level is 1.3227 with a daily pivot at 1.3898, and weekly,semiannual and monthly risky levels at 1.4046, 1.4089, 1.4624 and 1.4637.

Courtesy of Thomson / Reuters

Daily Dow: (11,775)Annual, quarterly, semiannual, and semiannual value levels are 11,491, 11,395,10,959, and 9,449 with a daily pivot at 11,792, and weekly, monthly and annual risky levels at 12,400,12,741 and 13,890.

Courtesy of Thomson / Reuters

8/7/2019 Thursday was a Day of Consolidation for the US Capital Markets

4/4