Key Equity Indices Closed Below Their 200-day Moving Averages.

8/6/2019 Key Equity Indices Closed Below Their 200-day Moving Averages.

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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 3, 2011 Key Equi ty Indices Closed Below Their 200-day Moving Averages

The S&P 500, Dow Transports and Russell 2000 gapped below their 200-day simple moving

averages at Tuesdays open 1285.9 SPX, 5166 Dow Transports and 796.95 Russell 2000.Afternoon weakness pushed the Dow Industrials and the NASDAQ below their 200-day simplemoving averages at 11,988 and 2708 NASDAQ. The NASDAQ 100 (NDX) remains above its 200-day at 2283. At the beginning of July I predicted that the yield on the 10-Year note woulddecline to my annual risky level at 2.690 given weekly closes below my quarterly pivot at 3.052.I also had a trigger level for pushing the price of gold up to my semiannual and quarterly riskylevels at $1644.8 and $1655.8. We had another all time high this morning at $1675.3.

10-Year Note (2.629) Annual, daily and weekly value levels are 2.690, 2.697 and 2.886 with mysemiannual risky level at 2.414.

Courtesy of Thomson / Reuters


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Comex Gold ($1657.6) My monthly and weekly value levels are $1604.1 and $1580.3 with daily,semiannual and quarterly pivots at $1660.0, $1644.8 and $1655.8.


Nymex Crude Oil ($93.25) My weekly value level is $91.41 with the 200-day simple moving averagat $95.03, a daily pivot at $94.18, annual pivots at $99.91 and $101.92 and quarterly and semiannualrisky levels at $102.40 and $103.92.



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The Euro (1.4206) My weekly and quarterly value levels are 1.3997 and 1.3728 with a daily pivot at1.4269 and semiannual risky level at 1.4752.


Daily Dow: (11,867) The 200-day simple moving average is 11,988 with the 50-day at 12,303. Dailyand annual value levels are 11,793 and 11,491 with weekly, monthly, quarterly and annual risky levels

at 12,422, 13,460, 13,839 and 13,890.



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S&P 500 (1254.0) The 200-day SMA is 1285.9 with the 50-day at 1306.9. Annual and semiannualvalue levels are 1210.7, 981.3 and 855.7 with a daily pivot at 1257.8, and weekly, monthly, quarterly

and annual risky levels at 1308.8, 1444.1, 1467.0 and 1562.9.NASDAQ (2669) The 200-day SMA is 2708 with the 50-day at 2750. Annual and semiannual valuelevels are 2335, 2199 and 2049 with daily, weekly, monthly, quarterly and annual risky levels at 2702,2767, 3038, 3109 and 3243.

NASDAQ 100 (NDX) (2293) The 200-day SMA is 2283 with the 50-day at 2317. Semiannual andannual value levels are 1951, 1861 and 1723 with daily, weekly, monthly, annual and quarterly riskylevels at 2335, 2354, 2553, 2590 and 2630.

Dow Transports (4942) The 200-day SMA is 5166 with the 50-day at 5304. Semiannual value levelare 4335 and 3868 with daily and annual pivots at 4964 and 5179, and weekly, monthly, quarterly andannual risky levels at 5373, 5654, 6112 and 6131.

Russell 2000 (767.01) The 200-day SMA is 796.95 with the 50-day at 814.78. Daily and semiannuavalue levels are 763.60, 577.47 and 530.04 with my annual pivot at 784.16, and weekly, monthly,quarterly and annual risky levels at 817.74, 910.11, 930.83 and 978.58.

The SOX (375.17) The 200-day SMA is 418.00 with the 50-day at 405.09. Annual and semiannualvalue levels are 270.98, 258.97 and 204.67 with a weekly pivot at 379.02, and daily, monthly, quarterlyand annual risky levels at 384.23, 459.15, 493.22 and 531.14.

Equity Fundamentals Undervalued 71.0% of all stocks are undervalued / 29.0% of all stocks are overvalued Fifteen sectors are undervalued Auto-Tires-Trucks by 13.5%, Basic Materials by 9.7%,

Computer and Technology by 12.1%, Consumer Discretionary by 11.6%, Finance by 9.6%,Industrial Products by 12.3% and Medical by 12.7%

Only one sector is overvalued with Utilities just fractionally overvalued P/E Ratios Range from 17.5 times for Auto-Tires-Trucks to 49.9 times for Oils-Energy.

Definition of MOJO This is my term for technical momentum. I use whats 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 Strategist

ValuEngine.com(800) 381-5576

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Key Equity Indices Closed Below Their 200-day Moving Averages.

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