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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
November 19, 2010 – On the Road Again with GM, but Ford rates a SELL
The 30-Year Fixed Rate Mortgage rose to 4.39 from 4.17 last week. I thought QE2 was supposed
to bring down rates to help Main Street USA create jobs? The yield on the 10-Year note appears
stuck between my annual value level at 2.999 and my annual pivot at 2.813. Gold trades
between its 50-day simple moving average at $1333.6 and my monthly pivot at $1373.0. Crude
oil is back above its 50-day at $81.04 with my semiannual pivot at $83.94. The euro remains
oversold and tested its 50-day at 1.3695 overnight. The Dow is between its 50-day at 10,995 and
my annual pivot at 11,235. In the ValuEngine Morning Briefing my “Stock of the Day” is Ford,
which is fitting following Thursday’s successful IPO for General Motors.
10-Year Note – (2.906) Annual and daily levels are 2.999 and 3.032 with my annual pivot at 2.813,
and weekly, monthly, quarterly and semiannual risky levels at 2.441, 2.380, 2.265 and 2.249.
Nymex Crude Oil – ($82.26) Monthly and annual value levels are $78.51 and $77.05 with daily and
semiannual pivots at $81.48 and $83.94, and weekly, semiannual and annual risky levels at $91.33,
$96.53 and $97.29.
Daily Dow: (11,181) Daily, monthly, semiannual, annual and quarterly value levels are 10,988, 10,848,
10,558, 10,379 and 8,523 with annual, semiannual, and weekly risky levels at 11,235, 11,296, and
11,579.