Suttmeier, a former U.S. Treasury trader and trading manager in the primary dealer community, has more than 40 years of experience in the U.S. financial markets. Suttmeier is an engineer by education with a master of science degree. He has been writing newsletters and market commentaries since 1984, and his engineering and trading background are the foundation for the combined fundamental and technical analysis used in the stories he writes exclusively for TheStreet.com.
Buy Deere as a core long position, then countertrade future volatility. Buy on weakness to its annual value level at $134.22 and sell on strength to its semiannual risky level at $160.91.
Buy Nvidia on weakness to its reversion to the mean at $141.57. A positive reaction to earnings could cause a price gap above its 200-day SMA at $162.22, which would lead to a golden cross next week.
Reduce holdings on Walmart on strength above its monthly pivot at $107.02 and up to its 50-day simple moving average at $110.38. Do not ignore a negative weekly chart.
Buy Cisco Systems above its 200-day simple moving average at $51.08 and its semiannual value level at $50.65. This is a trading opportunity as the weekly chart is negative.
Buy Macy's down to its Nov. 2017 low of $17.41. Be aware that the fundamentals seem too good to be true with a P/E ratio of 5.04 and dividend yield of 7.43%.
Buy food distributor Sysco on weakness to its monthly value level at $67.68, which is just above its 200-day simple moving average at $68.06.
Buy Activision up to its annual risky level at $52.49. The upside catalyst should be positive guidance on its 'Call of Duty' gaming platform.
Buy CVS Health now and add to positions on weakness to its quarterly value level at $50.10. Take advantage of this turnaround story and earn a solid dividend too.
Buy Disney within its buy zone as outlined by its monthly and annual pivots at $137.78 and $138.93, respectively. My call reiterates that shares of Disney should remain as a core portfolio holding.
Buy Jacobs Engineering to start a core long position then add to this holding on weakness to the 200-day simple moving average at $73.08. Be patient as infrastructure spending should become a priority in the fourth quarter.
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