Sunday, November 05, 2017

Eighth consecutive positive week for S&P 500

It was the eighth consecutive positive week for S&P 500 index (^GSPC). The price is above Upper Bollinger Band. The daily Williams' Percentage Rangeis overbought. The daily Williams' Percentage Range and Lane's Stochastic have a bearish divergence. The S&P 500 weekly uptrend started on August 21, 2017 at 2,417.35 and reached 2,588.42 on November 03, 2017, making 7.08% gain in eleven weeks.
^GSPC: S&P 500
More than 16% of S&P 500 component stocks have an above average weekly volume. It is the highest level since November 11, 2016. More than 40% of S&P 500 component stocks have an overbought weekly Lane's Stochastic. It is the highest level since April 29, 2016.

http://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=248

Sunday, October 01, 2017

ETF's Currency Shares Alert

This week, the CurrencyShares Swedish Krona Trust (FXS) slid 3.04 points, or 2.53%.
The CurrencyShares Swedish Krona Trust weekly downtrend started on August 29, 2017 at 121.07 and reached 116.62 on September 27, 2017, making 3.68% decline in seventeen business days.


It was the biggest weekly drop since October 2015. The volume was 192% above average. This is a sign that there may be a significant move to come. FXS price is below 20 and 50 Day Moving Average. FXS price is near 50 Day Moving Average. Williams' Percentage Range and Lane's Stochastic are oversold in a daily time frame.

http://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=247

Sunday, September 24, 2017

Dow Jones Industrial Average monthly uptrend - five-wave structure


Major US indices

It was a mixed week for the major U.S. indices. Daily Lane's Stochastic main line (K%) crossed below the overbought signal line (D%) for all three major US indices. The Stochastic crossover in the overbought area is a sell signal. Williams' Percentage Range and Lane's Stochastic are strongly overbought in a monthly time frame.

This week, the Dow Jones Industrial Average (^DJI) climbed 81.25 points and closed at 22349.59. The Dow Jones Industrial Average quarterly uptrend started on
January 20, 2016 at 15,450.56 and reached 22,419.51 on September 21, 2017, making 45.10% increase in twenty months.  

The Dow Jones Industrial Average monthly uptrend has formed a five-wave structure. It started on April 19, 2017 at 20,379.55 and reached 22,419.51 on September 21, 2017, making 10.01% advance in twenty two weeks.   

The fifth wave started on August 21, 2017 at 21,600.34 and reached 22,419.51 on September 21, 2017, making 3.79% gain in four weeks. 

The monthly Relative Strength Index (RSI) and The weekly Williams' Percentage Range (W%R) are strongly overbought. The weekly Relative Strength Index (RSI) and Lane's Stochastic (%D-Slow)  have bearish divergence. The bearish divergence can be used to predict tops. The daily Williams' Percentage Range (W%R) is overbought. 

Saturday, March 04, 2017

Sixth consecutive positive week for the S&P 500

Major U.S. indices moved higher over the past week. The monthly Williams' Percentage Range (W%R) is strongly overbought. The monthly Strongly Overbought Williams' Percentage Range (W%R) can be used to foreshadow yearly and quarterly uptrend reversals. The monthly Lane's Stochastic is strongly overbought. The weekly Lane's Stochastic main line (K%) crossed below the overbought signal line (D%). The Stochastic crossover in the overbought area is a bearish indicator. Indices have a strongly overbought weekly Lane's Stochastic. The price is above 20 & 50 Day Moving Average.

The S&P 500 (^GSPC) advanced 15.78 points and closed at 2383.12. It was the sixth consecutive positive week for the ^GSPC. Daily Lane's Stochastic main line (K%) crossed below the overbought signal line (D%). The Stochastic crossover in the overbought area is a bearish signal. Relative Strength Index is overbought in monthly and weekly time frames and has bearish divergence in a daily time frame. Williams' Percentage Range is strongly overbought in monthly and weekly time frames overbought in a daily time frame, and has bearish divergence in weekly and daily time frames. Lane's Stochastic is strongly overbought in monthly and weekly time frames and has bearish divergence in a daily time frame.

Sunday, October 18, 2015

Weekly Stock Market Overview Oct. 15, 2015

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 131.48 points or 0.77%. The Standard & Poor's 500 Index gained 18.22 points or 0.90%, while the Nasdaq Composite gained 56.22 points or 1.16%. Read More ...


The Utilities Select Sector SPDR sector was the strongest sector (2.26%) last week followed by the Health Care Select Sector SPDR sector (1.93%). The Industrial Select Sector SPDR sector was the worst performing sector (-1.55%) of the week followed by the Materials Select Sector SPDR sector (-0.14%).


The Technology sector is the most overvalued sector followed by Utilities, while Printed Circuit Boards, Semiconductor-Specialized, and Business Software & Svcs are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Financial, while Recreational Goods Other, Trucks & Other Vehicles, and Regional-Southeast Banks are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%)SymbolCompanySector
12.20%SNDKSanDisk Corp.Information Technology
10.26%EAElectronic ArtsInformation Technology
8.20%TAPMolson Coors Brewing CompanyConsumer Staples


Weekly S&P 500 Losers
Gains/Loses(%)SymbolCompanySector
-29.31%PWRQuanta Services Inc.Industrials
-11.70%WMTWal-Mart StoresConsumer Staples
-11.27%NBRNabors Industries Ltd.Energy


Weekly S&P 500 Alerts
Stock Market AlertsCount
Downtrend Exhaustion1
Downtrend Broken Resistance75
Uptrend Support0
Uptrend Exhaustion7
Uptrend Broken Support0
Downtrend Resistance119
Oversold4

Saturday, September 05, 2015

S&P 500 - 12.54% decline in thirteen weeks

Weekly Stock Market Overview
All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -540.63 points or -3.25%. The Standard & Poor's 500 Index dropped -67.65 points or -3.40%, while the Nasdaq Composite dropped -144.40 points or -2.99%. Major U.S. indices have price below 20 & 50 Day Moving Average.

The S&P 500 (^GSPC) lost 67.65 points to 1921.22. The S&P 500 quarterly downtrend started on May 20, 2015 at 2,134.72 and reached 1,867.01 on August 24, 2015, making 12.54% decline in thirteen weeks. Monthly Lane's Stochastic is overbought, and weekly volatility was 220% above average.
^GSPC: S&P 500

ETF's Indices Alert
This week the iShares MSCI Australia Index (EWA) fell 1.61 points to 17.54.
The iShares MSCI Australia Index weekly downtrend started on June 23, 2015 at 22.64 and reached 17.20 on August 24, 2015, making 24.03% drop in nine weeks.
EWA: iShares MSCI Australia Index
It was the biggest slide recorded. Volatility was 91% above average. Price falls below Parabolic SAR. It is a sell signal when the major trend is bearish. EWA price is below 20 and 50 Day Moving Average. Williams' Percentage Range is strongly oversold in a monthly and weekly time frames and oversold in a daily time frame. Lane's Stochastic is oversold in a monthly and weekly time frames.
EWA: iShares MSCI Australia Index

Sector Rotation
The Consumer Discretionary Select Sector SPDR sector was the strongest sector (-2.26%) last week followed by the Consumer Staples Select Sector SPDR sector (-2.35%). The Utilities Select Sector SPDR sector was the worst performing sector (-5.08%) of the week followed by the Health Care Select Sector SPDR sector (-4.35%).

The Basic Materials sector is the most overvalued sector followed by Utilities, while Diversified Utilities, Oil & Gas Equipment/Svcs, and Electric Utilities are among the most overvalued industries. The Services sector is the most oversold sector followed by Industrial Goods, while Publishing - Newspapers, Broadcasting - TV, and Gaming Activities are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
7.07% GCI Gannett Co. Consumer Discretionary
6.10% FTR Frontier Communications Telecommunications Services
5.94% VIAB Viacom Inc. Consumer Discretionary

Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-14.34% AVP Avon Products Consumer Staples
-11.83% ESV Ensco plc Energy
-11.32% NBR Nabors Industries Ltd. Energy

Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 5
Downtrend Broken Resistance 10
Uptrend Support 8
Uptrend Exhaustion 0
Uptrend Broken Support 0
Downtrend Resistance 4
Oversold 28

Sunday, August 30, 2015

ETF's Commodity Alert - United States Oil (USO) ended up 1.65 points, or 12.47%

Weekly Stock Market Overview
It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 183.26 points or 1.11%. The Standard & Poor's 500 Index gained 17.98 points or 0.91%, while the Nasdaq Composite gained 122.28 points or 2.60%. Read More ...

The S&P 500 (^GSPC) rose 17.98 points to 1988.87.
The S&P 500 weekly downtrend started on July 20, 2015 at 2,132.82 and reached 1,867.01 on August 24, 2015, making 12.46% loss in five weeks.
^DJI: Dow Jones Industrial Average

Volume was 63% above average. Volatility was 210% above average. The chart has formed a daily bearish Advance Block candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Lane's Stochastic is overbought in a monthly time frame. Lane's Stochastic has bearish divergence in a monthly time frame.

S&P 500 Members Alerts
Almost 24% of S&P 500 component stocks have weekly lane's stochastic main line (k%) crossed above oversold signal line (d%). It is a highest level since June 08, 2012. More than 52% of S&P 500 component stocks have daily lane's stochastic main line (k%) crossed above oversold signal line (d%). It is a highest level since December 19, 2014.
The stochastic crossover in oversold area is considered a buy signal. The chart below shows how the weekly lane's stochastic main line (k%) crossed above oversold signal line (d%) on June 08, 2012 signals the S&P 500 downtrend reversal. The S&P 500 index monthly uptrend started on June 04, 2012 at 1,266.74 and reached 1,474.51 on September 14, 2012, making 16.40% gain in ten weeks.
^GSPC: S&P 500 Index

ETF's Commodity Alert
For the week the United States Oil (USO) ended up 1.65 points, or 12.47%, to 14.88. The United States Oil weekly downtrend started on June 02, 2015 at 20.80 and reached 12.37 on August 24, 2015, making 40.53% loss in twelve weeks.
USO: United States Oil
It was the biggest advance recorded. Volume was 269% above average. USO has a selling climax signal. Price rises above Parabolic SAR. USO price is below 50 and above 20 Day Moving Average. Williams' Percentage Range is strongly oversold in a monthly time frame and oversold in a weekly time frame. Lane's Stochastic is strongly oversold in a weekly time frame and oversold in a monthly time frame.
USO: United States Oil

Sector Rotation
The Energy Select Sector SPDR sector was the strongest sector (3.54%) last week followed by the Technology Select Sector SPDR sector (2.63%). The Utilities Select Sector SPDR sector was the worst performing sector (-4.22%) of the week followed by the Consumer Staples Select Sector SPDR sector (-0.15%).


The Industrial Goods sector is the most overvalued sector followed by Utilities, while Waste Management, Residential Construction, and Aerospace/Defense-Maj Dvd are among the most overvalued industries. The Services sector is the most oversold sector followed by Conglomerates, while Publishing - Newspapers, Broadcasting - TV, and Department Stores are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
47.76% CAM Cameron International Energy
34.27% BTU Peabody Energy Corp Materials
26.54% GAS NICOR Inc. Utilities


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-14.87% POM Pepco Holdings Inc. Utilities
-8.19% ADSK Autodesk, Inc. Information Technology
-7.06% CTXS Citrix Systems Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 11
Uptrend Support 5
Uptrend Exhaustion 0
Uptrend Broken Support 1
Downtrend Resistance 2
Oversold 15

Friday, August 07, 2015

For the week the Dow Jones Industrial Average dropped -316.48 points or -1.79%.

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -316.48 points or -1.79%. The Standard & Poor's 500 Index dropped -26.27 points or -1.25%, while the Nasdaq Composite dropped -84.74 points or -1.65%. More than 12% of S&P 500 component stocks have an above average volatility. It is a highest level since December 19, 2014. Read More ...
ETF's Indices Alert
During the past week iShares MSCI Japan Index (EWJ) advanced 0.01 points, or 0.08%, to 12.94.
EWJ: iShares MSCI Japan Index
Volatility was 56% below average. Volatility is a measure for variation of price of a stock over time. Chart has formed a daily bearish Downside Tasuki Gap candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. EWJ price is near 100 Day Moving Average. Williams' Percentage Range, and Lane's Stochastic is overbought in a monthly time frame.
EWJ: iShares MSCI Japan Index


The Utilities Select Sector SPDR sector was the strongest sector (0.91%) last week followed by the Financial Select Sector SPDR sector (-0.04%). The Energy Select Sector SPDR sector was the worst performing sector (-3.39%) of the week followed by the Consumer Discretionary Select Sector SPDR sector (-2.42%).


The Healthcare sector is the most overvalued sector followed by Utilities, while Drug Delivery, Drug Manufacturers/Other, and Medical Instruments/Supls are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Financial, while Gold, Industrial Metals/Mineral, and Aluminum are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.19% NVDA NVIDIA Corp. Information Technology
9.53% FTR Frontier Communications Telecommunications Services
8.11% AVP Avon Products Consumer Staples


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-20.23% VIAB Viacom Inc. Consumer Discretionary
-19.16% TDC Teradata Corp. Telecommunications Services
-14.41% PWR Quanta Services Inc. Industrials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 31
Downtrend Broken Resistance 32
Uptrend Support 16
Uptrend Exhaustion 8
Uptrend Broken Support 1
Downtrend Resistance 20
Oversold 42

Friday, July 31, 2015

Almost 18% of S&P 500 component stocks have an above average weekly volume

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 121.33 points or 0.69%. The Standard & Poor's 500 Index gained 24.19 points or 1.16%, while the Nasdaq Composite gained 39.65 points or 0.78%. Read More ...
Almost 18% of S&P 500 component stocks have an above average weekly volume. It is a highest level since February 06, 2015. Almost 18% of S&P 500 component stocks have weekly lane's stochastic main line (k%) crossed above oversold signal line (d%). It is a highest level since October 17, 2014.
The stochastic crossover in oversold area is considered a buy signal. Chart below shows how the weekly lane's stochastic main line (k%) crossed above oversold signal line (d%) on October 17, 2014 signals the S&P 500 downtrend reversal. The S&P 500 index weekly uptrend started on October 15, 2014 at 1,820.66 and reached 2,093.55 on December 29, 2014, making 14.99% gain in seven weeks.
^GSPC: S&P 500 Index


The Utilities Select Sector SPDR sector was the strongest sector (3.92%) last week followed by the Industrial Select Sector SPDR sector (2.50%). The Energy Select Sector SPDR sector was the worst performing sector (-0.19%) of the week followed by the Financial Select Sector SPDR sector (0.36%).


The Healthcare sector is the most overvalued sector followed by Financial, while Drug Delivery, Hospitals, and Drug Manufacturers/Other are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Basic Materials, while Aluminum, Industrial Metals/Mineral, and Copper are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
19.82% X United States Steel Corp. Materials
13.84% CCE Coca-Cola Enterprises Consumer Staples
12.92% MAS Masco Corp. Industrials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-15.09% MYL Mylan Inc. Health Care
-9.97% WFM Whole Foods Market Consumer Staples


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 7
Downtrend Broken Resistance 30
Uptrend Support 13
Uptrend Exhaustion 5
Uptrend Broken Support 0
Downtrend Resistance 32
Oversold 30

Saturday, July 25, 2015

The S&P 500 (^GSPC) price is near 200 Day Moving Average

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -517.92 points or -2.86%. The Standard & Poor's 500 Index dropped -46.99 points or -2.21%, while the Nasdaq Composite dropped -121.51 points or -2.33%. Read More ...
The S&P 500 (^GSPC) slid 46.99 points, or 2.21%, to 2079.65. Monthly Lane's Stochastic is overbought and Monthly Williams' Percentage Range (W%R) is strongly overbought. Daily Lane's Stochastic main line (K%) crossed below overbought signal line (D%). The Stochastic crossover in overbought area is a sell signal. ^GSPC price is near 200 Day Moving Average. The 200 Day Moving Average is often acts as a support or resistance level for trading. The S&P 500 weekly uptrend started on July 07, 2015 at 2,044.02 and reached 2,132.82 on July 20, 2015, making 4.34% increase in nine business days.

The Consumer Discretionary Select Sector SPDR sector was the strongest sector (-0.38%) last week followed by the Consumer Staples Select Sector SPDR sector (-0.78%). The Materials Select Sector SPDR sector was the worst performing sector (-5.41%) of the week followed by the Energy Select Sector SPDR sector (-4.04%).


The Services sector is the most overvalued sector followed by Healthcare, while Specialty Eateries, Drug Delivery, and General Entertainment are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Utilities, while Aluminum, Industrial Metals/Mineral, and Gold are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
11.64% SNDK SanDisk Corp. Information Technology
4.98% BCR Bard (C.R.) Inc. Health Care
4.75% HOG HarleyDavidson Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-25.86% BIIB BIOGEN IDEC INC Health Care
-22.61% FCX Freeport-McMoran Cp & Gld Materials
-16.35% ATI Allegheny Technologies Inc Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 53
Downtrend Broken Resistance 32
Uptrend Support 18
Uptrend Exhaustion 6
Uptrend Broken Support 1
Downtrend Resistance 14
Oversold 63