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