Friday, September 30, 2011

Weekly Stock Market Overview - Sep 30, 2011

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 141.90 points or 1.32%. The Standard & Poor's 500 Index dropped -5.01 points or -0.44%, while the Nasdaq Composite dropped -67.83 points or -2.73%. Read More ...

The Financial sector was the strongest sector (1.11%) last week followed by the Health Care sector (0.79%). The Materials sector was the worst performing sector (-2.93%) of the week followed by the Consumer Discretionary sector (-2.43%).

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

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
11.09% AFL AFLAC Corporation Financials
9.46% SHLD Sears Holdings Corporation Consumer Discretionary
9.28% JBL Jabil Circuit Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-24.21% MU Micron Technology Information Technology
-17.67% AMD Advanced Micro Devices Information Technology
-14.01% JDSU JDS Uniphase Corp Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 26
Downtrend Broken Resistance 7
Uptrend Support 14
Uptrend Exhaustion 1
Uptrend Broken Support 0
Downtrend Resistance 3
Oversold 61

Friday, September 23, 2011

Weekly Stock Market Overview - Sep 24, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -737.61 points or -6.41%. The Standard & Poor's 500 Index dropped -79.58 points or -6.54%, while the Nasdaq Composite dropped -139.08 points or -5.30%. Read More ...

The Utilities sector was the strongest sector (-1.68%) last week followed by the Technology sector (-3.92%). The Energy sector was the worst performing sector (-12.51%) of the week followed by the Materials sector (-12.40%).

The Technology sector is the most overvalued sector followed by Financial, while Diversified Commun Svcs, REIT/Healthcare Facilities, and Personal Computers are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Music & Video Stores, Aluminum, and Advertising Agencies are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
31.07% GR Goodrich Corporation Industrials
5.08% WPI Watson Pharmaceuticals Health Care
3.10% GIS General Mills Consumer Staples


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-25.79% CLF Cliffs Natural Resources Inc Materials
-22.61% NBR Nabors Industries Ltd. Energy
-22.17% FCX Freeport-McMoran Cp & Gld Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 39
Downtrend Broken Resistance 11
Uptrend Support 9
Uptrend Exhaustion 2
Uptrend Broken Support 0
Downtrend Resistance 3
Oversold 115

Friday, September 16, 2011

Weekly Stock Market Overview - Sep 16, 2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 516.96 points or 4.70%. The Standard & Poor's 500 Index gained 61.78 points or 5.35%, while the Nasdaq Composite gained 154.32 points or 6.25%. Read More ...

The Consumer Discretionary sector was the strongest sector (6.63%) last week followed by the Technology sector (6.34%). The Consumer Staples sector was the worst performing sector (2.80%) of the week followed by the Health Care sector (3.28%).

The Technology sector is the most overvalued sector followed by Financial, while Diversified Commun Svcs, REIT/Healthcare Facilities, and REIT - Residential are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Utilities, while Metals Fabrication, Industrial Electrical Eqp, and Industrial Equip/Componts are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
22.08% TXT Textron Inc. Industrials
18.38% EBAY eBay Inc. Consumer Discretionary
17.35% COL Rockwell Collins Industrials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-5.45% ESRX Express Scripts Health Care
-4.58% THC Tenet Healthcare Corp. Health Care
-4.32% HSP Hospira Inc. Health Care


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 13
Uptrend Support 3
Uptrend Exhaustion 3
Uptrend Broken Support 0
Downtrend Resistance 51
Oversold 2

Friday, September 09, 2011

Weekly Stock Market Overview - Sep. 9, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -248.13 points or -2.21%. The Standard & Poor's 500 Index dropped -19.74 points or -1.68%, while the Nasdaq Composite dropped -12.34 points or -0.50%. Read More ...

The Technology sector was the strongest sector (-0.55%) last week followed by the Consumer Staples sector (-1.12%). The Financial sector was the worst performing sector (-2.47%) of the week followed by the Materials sector (-2.36%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Drug Manufacturers/Other, Drug Manufacturers/Major, and Biotechnology are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Consumer Goods, while Dairy Products, Appliances, and Auto Manufacturers/Major are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.45% MU Micron Technology Information Technology
12.51% YHOO Yahoo Inc. Information Technology
10.85% SNDK SanDisk Corp. Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-11.72% PLL Pall Corp. Industrials
-9.97% WHR Whirlpool Corp. Consumer Discretionary
-9.39% MWW Monster Worldwide Industrials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 9
Uptrend Support 0
Uptrend Exhaustion 0
Uptrend Broken Support 0
Downtrend Resistance 5
Oversold 22

Monday, September 05, 2011

S&P 500 Trend Analysis - Sep. 5, 2011

S&P 500 Trend Analysis - 9/5/2011

It was a mixed week for the major markets. During the week, the Dow Jones Industrial Average dropped -44.28 points or -0.39%. The Standard & Poor's 500 Index dropped -2.83 points or -0.24%, while the NASDAQ Composite climbed 0.48 points or 0.02%.

The Standard & Poor's 500 Index (^GSPC) closed at 1173.97 on Friday, September 02, 2011. It was trading at the average weekly trading volume. Read More ...

S&P 500 index long-term downtrend is forming a three wave’s structure (See Figure 1). The first wave down (A) had started on October 11, 2007 at 1576.09 and lost 909.30 points, or 57.69%, in 73 weeks and reached 666.79 on March 6, 2009. The second wave (B) gained 703.79 points, or more than 105%, in 26 month and reached 1370.58 on May 2, 2011. Wave B made a lower high; it is a bearish signal. The third wave down (C) is in progress now.
S&P 500 long-term trend
Technical Stock Market Timing System
Figure 1

The recent rally had started on August 9th, 2011 at 1101.54 and reached 1,230.71 on August 31st, 2011. It is a sub wave of a long-term C wave and it has a three wave’s structure as well (See Figure 3). Several technical indicators suggest that it was a bearish rally:
  • Usually when the price moves below 200 day Moving Average, the next up wave at least retests the 200 day MA as a new resistance level. The Bullish rally usually breaks this resistance level and the price moves above the 200 day MA level. The current rally is weak and it was not even able to reach the 200 day MA.
  • Daily Lane's Stochastic %D line is about to crossover with %k line. It is usually considered as a sell signal.
  • Sub wave C’s high is only 1.8% higher than sub wave A’s high, while daily Lane's Stochastic has raised substantially and has moved into an overbought area. This divergence is considered as a bearish signal.
  • The rally could not reach the Upper Bollinger Band, and this is a bearish indicator.
All the above signals may indicate that the rally might be over, and a new sub wave down has started. S&P 500 index may break the support around 1100 and move down to the next support area around 1000 - 950.
S&P 500 medium-term trend
Technical Stock Market Timing System

Figure 2


Presented by www.thegreedytrader.com Research Group.

Friday, September 02, 2011

Weekly Stock Market Overview - September 2, 2011

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -44.28 points or -0.39%. The Standard & Poor's 500 Index dropped -2.83 points or -0.24%, while the Nasdaq Composite climbed 0.48 points or 0.02%. Read More ...

The Utilities sector was the strongest sector (0.88%) last week followed by the Health Care sector (0.65%). The Financial sector was the worst performing sector (-1.80%) of the week followed by the Technology sector (-0.76%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Drug Manufacturers/Other, Drug Manufacturers/Major, and Biotechnology are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Financial, while Regional-Southeast Banks, Diversified Investments, and Regional-Pacific Banks are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.63% MWW Monster Worldwide Industrials
14.21% JDSU JDS Uniphase Corp Information Technology
9.17% FDO Family Dollar Stores Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-7.21% FHN First Horizon National Financials
-7.11% SLM SLM Corporation Financials
-6.90% MON Monsanto Co. Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 6
Uptrend Support 0
Uptrend Exhaustion 0
Uptrend Broken Support 0
Downtrend Resistance 13
Oversold 1