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Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com . ValuEngine is a fundamentally-based quant research firm in Princeton, NJ. ValuEnginecovers over 5,000 stocks every day.

A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks,and commentary can be found HERE.

August 23 , 2010 The dec l ine in y ie lds i s overdone , gold i s overbought , and cr udeoi l and the euro are oversold . The Dow is not overso ld .

The yield on the 10-Year US Treasury tested 2.531 on Friday versus my quarterly risky level at2.495. Gold tested $1239.5 last week and todays risky level is $1241.7. For Crude oil this weekspivot is $73.59 with my annual pivot at $77.05. The Euro is below its 50-day simple movingaverage at 1.2739 this morning. For the Dow todays value level is 9,983 with the 50-day simplemoving average at 10,303, and weekly and annual pivots at 10.358 and 10,379.

10-Year Note (2.612) My annual pivot is 2.813 with a weekly pivot at 2.574 and daily risky level at2.507. My annual value level is 2.999 with quarterly and semiannual risky levels at 2.495 and 2.249.Note that the decline in yield is extremely overdone.

Courtesy of Thomson / Reuters

Comex Gold ($1229.2) Weekly, quarterly, monthly and annual value levels are $1159.5, $1140.9,$1133.2 and $1115.2 with my semiannual pivot at $1218.7, and daily and semiannual risky levels at$1241.7 and $1260.8. Note that gold is overbought on its daily chart.

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Courtesy of Thomson / Reuters

Nymex Crude Oil ($74.04) My daily value level is $70.47 with weekly and annual pivots at $73.59and $77.05. My monthly and semiannual risky levels are $80.02 and $83.94. My quarterly value level is$56.63. Note that crude oil has become oversold on its daily chart.

Courtesy of Thomson / Reuters

The Euro (1.2706) Daily, quarterly and monthly value levels are 1.2415, 1.2167, 1.1486 and 1.1424with weekly and semiannual risky levels at 1.3276 and 1.4733.

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Courtesy of Thomson / Reuters

Daily Dow: (10,214) A daily value level is 9,983 with weekly and annual pivots at 10,358 and 10,379,and monthly, semiannual and annual risky levels at 10,439, 10,558 and 11,235. My quarterly valuelevel is 7,812. My annual risky level at 11,235 was tested at the April 26 th high of 11,258.01.Note that the Dow is below 21-day, 50-day and 200-day simple moving averages at 10,485, 10,303

and 10,453.

Courtesy of Thomson / Reuters

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Thats todays Four in Four. Have a great day.

Richard SuttmeierChief Market Strategistwww.ValuEngine.com (800) 381-5576

As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com . Ihave daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters aswell as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as theValuTrader Model Portfolio newsletter. I hope that you will go to www.ValuEngine.com and review some of the sampleissues of my research.

I Hold No Positions in the Stocks I Cover.