Key Moving Averages Remain the Focus in Most Markets.

Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in Newtown, PA. ValuEngine covers over 7,000 stocks every day. A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks, and commentary can be found http://www.valuengine.com/nl/mainnl To unsubscribe from this free email newsletter list, please click

http://www.valuengine.com/pub/Unsubscribe? June 17, 2011 – Key Moving Averages Remain the Focus in Most Markets. The daily charts for the major equity averages remain oversold and below their five-day modified moving averages at 12,060 Dow Industrials, 1284.4 SPX, 2680 NASDAQ, 2248 NDX, 5152 Dow Transports, 792.20 Russell 2000 and 408.47 SOX. The weekly charts stay negative on closes today below the five-week modified moving averages at 12,317 Dow Industrials, 1315.1 SPX, 2760 NASDAQ, 2317 NDX, 5282 Dow Transports, 819.52 Russell 2000, and 428.46 SOX. The averages are now straddling their 200-day simple moving averages at 11,726 Dow Industrials, 1258 SPX, 2639 NASDAQ, 2225 NDX, 5037 Dow Transports, 772.27 Russell 2000, and 409.43 SOX. The NASDAQ, NDX and SOX are below their 200-day SMA. 10-Year Note – (2.927) The 200-day simple moving average is 3.115 with a daily pivot at 2.962, and weekly risky level at 2.854. Keys this week and this month are closes relative to the five-week modified moving average at 3.152 and the five-month modified moving average at 3.185.

Courtesy of Thomson / Reuters

Comex Gold – ($1530.0) The 50-day simple moving average is $1509.8 with quarterly and daily pivots at $1523.7 and $1520.7, and weekly risky level at $1558.5. My quarterly pivot at $1523.7 has been a strong magnet in the second quarter, which ends in two weeks.

Courtesy of Thomson / Reuters

Nymex Crude Oil – ($94.99) The 200-day simple moving average at $92.15 has been tested overnight. My weekly pivot is $95.52 with daily and annual pivots at $97.26, $99.91 and $101.92.

Courtesy of Thomson / Reuters

The Euro – (1.4190) The 200-day simple moving average is 1.3817 with monthly, quarterly and weekly pivots at 1.4258, 1.4308 and 1.4371.

Courtesy of Thomson / Reuters

Weekly Dow: (11,962) The 200-day simple moving average is 11,726 with a daily pivot at 11,920 and weekly risky level at 12,449. The 5-week and 5-month modified moving averages are 12,317 and 11,906.

Courtesy of Thomson / Reuters

S&P 500 – (1267.6) The 200-day simple moving average is 1258 with a daily pivot at 1266.0 and weekly risky level at 1321.5. The 5-week and 5-month modified moving averages are 1315.1 and 1276.4. NASDAQ – (2624) My daily pivot is 2609 with the 200-day simple moving average is 2639 and weekly risky level at 2784. The 5-week and 5-month modified moving averages are 2760 and 2675. NASDAQ 100 (NDX) – (2200) My daily pivot is 2188 with the 200-day simple moving average is 2225 and weekly risky level at 2351. The 5-week and 5-month modified moving averages are 2317 and 2244. Dow Transports – (5105) The 200-day simple moving average is 5037 with a daily value level at 5069, my annual pivot at 5179, and weekly risky level at 5351. The 5-week and 5-month modified moving averages are 5282 and 5090. Russell 2000 – (781.54) The 200-day simple moving average is 772.27 with a daily value level at 776.12, my annual pivot at 784.16, and weekly risky level at 812.22. The 5-week and 5-month modified moving averages are 819.52 and 790.71. The SOX – (393.87) My daily value level is 394.16 with the 200-day simple moving average at 409.43, and weekly risky level at 428.13. The 5-week and 5-month modified moving averages are 428.46 and 418.78. Definition of MOJO – This is my term for technical momentum. I use what’s called “12x3x3 slow stochastic readings” from daily, weekly and monthly charts. The scale is zero to 10.0 where above 8.0 is overbought and below 2.0 is oversold. Richard Suttmeier Chief Market Strategist ValuEngine.com (800) 381-5576 To unsubscribe from this free email newsletter list, please click http://www.valuengine.com/pub/Unsubscribe? Send your comments and questions to [email protected]. For more information on our products and services visit www.ValuEngine.com As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. I have daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go to http://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.”