US Stocks – Transports & Small Caps move into the Red

8/7/2019 US Stocks Transports & Small Caps move into the Red

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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.

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

Januar y 21, 2011 US Stoc ks Transport s & Smal l Caps move into t he Red

The Dow Transportation Average is down 0.5% in January and the Russell 2000 is down 0.7%.Transports are below my annual pivot at 5179, which corresponds to 11,491 on the Dow IndustrialAverage. The Russell 2000 is also below its annual pivot at 784.16. This week the only equity averageto reach this weeks risky level was the Dow Industrial Average, which tested 11,858. The other majorequity averages are lagging this weeks risky levels at 1304.9 SPX, 2802 NASDAQ, 5331 Transportsand 835.88 on Russell 2000. Next week there will be another layer of weekly risky levels. TheNASDAQ has a quarterly risky level at 2853.

10-Year Note (3.451) Weekly, annual and semiannual value levels are 3.609, 3.791 and 4.268.Daily, annual, semiannual and monthly risky levels are 3.390, 2.690, 2.441, 2.322 and 2.150.

Courtesy of Thomson / Reuters


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Comex Gold ($1345.2) Semiannual and annual value levels are $1300.6 and $1187.2 with annualand daily pivots at $1356.5 and $1364.4, and weekly, monthly, quarterly and semiannual risky levels a$1409.7, $1439.0, $1441.7 and $1452.6.


Nymex Crude Oil ($89.51) Semiannual and monthly value levels are $87.52 and $75.74 with daily,weekly, annual, semiannual and quarterly risky levels at $93.23, $96.45, $99.91, $101.92, $107.14

and $110.87.



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The Euro (1.3477) Monthly and weekly value levels are 1.2805 and 1.2806 with a quarterly pivot at1.3227 and daily risky level at 1.3651. Semiannual and annual risky levels are 1.4624, 1.4989, 1.6367

and 1.7312.


Daily Dow: (11,823)Annual, quarterly, semiannual, monthly and semiannual value levels are 11,491,11,395, 10,959, 10,427 and 9,449 with daily and weekly pivots at 11,857 and 11,858, and annual risky

level at 13,890.



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Thats todays Four in Four. Have a great day.

Richard Suttmeier

Chief Market StrategistValuEngine.com, (800) 381-5576

Send your comments and questions to [email protected]. For more information on our products and services visitwww.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, 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 HERE to review sample issues andfind out more about my research.

I Hold No Positions in the Stocks I Cover.

US Stocks – Transports & Small Caps move into the Red

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