Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.

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June 6, 2011 – The Weekly Charts for the Major Equity Averages are negative!
Friday’s closes for all of the major equity averages I follow were below their five-week modified
moving averages with declining MOJO. Weakness on Friday ignored the stronger euro, and the
yield on the 10-Year US Treasury is below its 200-day simple moving average. Stocks are now
in a sell strength mode, which should take the market lower into the end of mid-year. As I
stated in my media events on May 16th and 17th in New York my target for the Dow is 11,491.
10-Year Note – (2.990) Monthly, annual and quarterly value levels are 3.783, 3.796 and 4.016 with a
daily pivot at 2.958, and weekly, annual and semiannual risky levels at 2.779, 2.690, 2.441, and 2.322.

Courtesy of Thomson / Reuters

Comex Gold – ($1542.7) Semiannual and annual value levels are $1452.6 and $1356.5 with my
quarterly pivot at $1523.7, and daily, weekly and monthly risky levels at $1550.4, $1563.2 and
$1574.3.
 Courtesy of Thomson / Reuters

Nymex Crude Oil – ($100.46) Weekly and semiannual value levels are $94.48 and $87.52 with my
annual pivots at $99.91 and $101.92, and daily, semiannual, monthly and quarterly risky levels at
$103.82, $107.14, $113.61 and $120.52.

Courtesy of Thomson / Reuters

The Euro – (1.4637) Weekly, quarterly and monthly value levels are 1.4421, 1.4308 and 1.4258 with
semiannual and daily pivots at 1.4624 and 1.4634, and semiannual risky level at 1.4989.

Courtesy of Thomson / Reuters

Weekly Dow: (12,151) The weekly chart stays negative with declining MOJO and weekly closes below
the five-week modified moving average at 12,400. My annual value level is 11,491 with weekly,
monthly, quarterly and annual risky levels at 12,542, 13,663, 13,774 and 13,890.

Courtesy of Thomson / Reuters

S&P 500 – (1300.2) My annual value level is 1210.7 with daily, weekly and monthly risky levels at
1319.6, 1330.3, and 1439.8.
NASDAQ – (2733) My annual value level is 2335 with daily, weekly and monthly risky levels at 2781,
2815 and 3068.
NASDAQ 100 (NDX) – (2292) My semiannual value level is 1927.6 with daily, weekly and monthly
risky levels at 2324, 2373 and 2575.
Dow Transports – (5220) My annual value level is 5179 with daily and weekly and monthly risky
levels at 5299, 5493 and 5829.
Russell 2000 – (808.13) My annual value level is 784.16 with weekly, daily and monthly risky levels at
825.00, 831.51 and 929.22.
The SOX – (418.52) My annual value level is 270.98 with weekly, daily and quarterly risky levels at
425.93, 428.90 and 498.75.
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
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