Sunday, May 27, 2007

QQQQ Trend Analysis - 5/25/2007

All the major US indices were negative. For the week, the Dow Jones Industrial Average gave back 49.25 points, or 0.36%. The Standard Poor''s 500 Index lost 7.02 points, or 0.46%, while the Nasdaq Composite gave back 1.26 points, or 0.05%.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI): 48.08 William"s Percentage Range (W%R): 64.9 Lane"s Stochastic (%D-Slow): 56.61 W%R - Bearish Divergence %D-Slow - Bearish DivergenceRelative Strength Index (RSI): 59.54 William"s Percentage Range (W%R): 20.9 Lane"s Stochastic (%D-Slow): 91.22Pattern: DownTrend High: 47.37 - 05/23/07 Low: 45.97 - 05/24/07 Current Price: 46.45Pattern: Rising Channel Status: Support Broken Low: 42.06 - 03/05/07 High: 47.37 - 05/23/07 Support: 46.64 (± 0.11) Resistance: 47.90 (± 0.11) Current Price: 46.45Pattern: Uptrend Low: 42.06 - 03/05/07 High: 47.37 - 05/23/07 Current Price: 46.45Pattern: Rising Channel Status: Valid Low: 34.35 - 04/29/05 High: 47.37 - 05/23/07 Support: 43.04 (± 0.36) Resistance: 47.06 (± 0.36) Current Price: 46.45Pattern: Rising Channel Status: Valid Low: 32.35 - 08/13/04 High: 47.37 - 05/23/07 Support: 39.53 (± 0.65) Resistance: 46.73 (± 0.65) Current Price: 46.45
QQQQ Long-term perspective:
Our long-term perspective has not changed. The QQQQ monthly uptrend that started in June 2006 is not over yet. The fifth wave is still in progress and near completion. The QQQQ is near the long-term channel resistance. The uptrend should be close to the top as the price is near the resistance line. Weekly Lane's Stochastic is strongly overbought. The QQQQ daily William's Percentage Range (W%R) and Lane's Stochastic both have bearish divergence.
QQQQ - Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
The QQQQ price (46.45) broke the weekly rising trend support line. Next week chart may retest the broken weekly support line (46.64), which became a resistance line now. For the long-term we keep bearish perspective.
QQQQ - Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.
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Sunday, May 20, 2007

QQQQ Trend Analysis - 5/18/2007

It was a mixed week for the major markets. For the week, the Dow Jones Industrial Average gained 230.31 points, or 1.73%. The Standard Poor's 500 Index gained 16.90 points, or 1.12%, while the Nasdaq Composite gave back 3.77 points, or 0.15%.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI): 59.79 William"s Percentage Range (W%R): 29.9 Lane"s Stochastic (%D-Slow): 46.25 MACD - Bearish DivergenceRelative Strength Index (RSI): 53.50 William"s Percentage Range (W%R): 10.0 Lane"s Stochastic (%D-Slow): 91.77Pattern: DownTrend High: 46.97 - 05/09/07 Low: 45.91 - 05/16/07 Current Price: 46.71Pattern: Rising Channel Status: Valid Low: 42.06 - 03/05/07 High: 46.97 - 05/09/07 Support: 46.24 (± 0.12) Resistance: 47.57 (± 0.12) Current Price: 46.71Pattern: Uptrend Low: 42.06 - 03/05/07 High: 46.97 - 05/09/07 Current Price: 46.71Pattern: Rising Wedge Status: Testing Resistance Low: 34.35 - 04/29/05 High: 46.97 - 05/09/07 Support: 43.41 (± 0.29) Resistance: 46.63 (± 0.29) Current Price: 46.71Pattern: Rising Channel Status: Testing Resistance Low: 32.35 - 08/13/04 High: 46.97 - 05/09/07 Support: 39.32 (± 0.65) Resistance: 46.55 (± 0.65) Current Price: 46.71
QQQQ Long-term perspective:
Our long-term perspective has not changed. The QQQQ monthly uptrend that started in June 2006 is not over yet. The fifth wave is still in progress and near completion. The QQQQ is near the long-term channel resistance. The uptrend should be close to the top as the price is near the resistance line, weekly William's Percentage Range (W%R) and Lane's Stochastic are strongly overbought.
QQQQ - Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
The QQQQ weekly up trend that started on 3/5/2007 has a five waves impulse structure. The fifth wave is now in progress. The QQQQ daily MACD has bearish divergence. The QQQQ price (46.71) is near the weekly rising trend support line (46.24).
QQQQ - Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.
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Sunday, May 13, 2007

QQQQ Trend Analysis - 5/11/2007

It was a mixed week for the major markets. For the week, the Dow Jones Industrial Average climbed 61.60 points, or 0.46%. The Standard Poor's 500 Index gained 0.23 points, or 0.02%, while the Nasdaq Composite gave back 9.93 points, or 0.39%.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI): 67.19 William"s Percentage Range (W%R): 34.7 Lane"s Stochastic (%D-Slow): 76.22 %D-Slow - Bearish Divergence MACD - Bearish DivergenceRelative Strength Index (RSI): 56.09 William"s Percentage Range (W%R): 15.9 Lane"s Stochastic (%D-Slow): 88.11Pattern: DownTrend High: 46.97 - 05/09/07 Low: 46.07 - 05/10/07 Current Price: 46.78Pattern: Rising Channel Status: Valid Low: 42.06 - 03/05/07 High: 46.97 - 05/09/07 Support: 45.81 (± 0.12) Resistance: 47.14 (± 0.12) Current Price: 46.78Pattern: Uptrend Low: 42.06 - 03/05/07 High: 46.97 - 05/09/07 Current Price: 46.78Pattern: Rising Wedge Status: Testing Resistance Low: 34.35 - 04/29/05 High: 46.97 - 05/09/07 Support: 43.32 (± 0.29) Resistance: 46.57 (± 0.29) Current Price: 46.78Pattern: Rising Channel Status: Testing Resistance Low: 32.35 - 08/13/04 High: 46.97 - 05/09/07 Support: 39.27 (± 0.65) Resistance: 46.51 (± 0.65) Current Price: 46.78
QQQQ Long-term perspective:
The QQQQ monthly uptrend that started in June 2006 is not over yet. The fifth wave is still in progress and near completion. The QQQQ is near the long-term channel resistance. The uptrend should be close to the top as the price is near the resistance line, weekly William's Percentage Range (W%R) and Lane's Stochastic are in the overbought area.
QQQQ - Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
DIA has the uptrend exhaustion alert. QQQQ daily Lane's Stochastic and MACD have bearish divergence. The QQQQ weekly up trend has support at 45.81 and resistance at 47.14.
QQQQ - Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.
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Sunday, May 06, 2007

QQQQ Trend Analysis - 5/4/2007

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 143.68 points, or 1.10%. The Standard Poor's 500 Index climbed 11.55 points, or 0.77%, while the Nasdaq Composite was up 14.94 points, or 0.58%.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI): 75.40 William"s Percentage Range (W%R): 4.1 Lane"s Stochastic (%D-Slow): 77.63 %D-Slow - Bearish Divergence MACD - Bearish DivergenceRelative Strength Index (RSI): 55.98 William"s Percentage Range (W%R): 2.5 Lane"s Stochastic (%D-Slow): 80.70Pattern: Uptrend Low: 43.10 - 03/29/07 High: 46.89 - 05/04/07 Current Price: 46.63Pattern: Rising Channel Status: Valid Low: 42.06 - 03/05/07 High: 46.89 - 05/04/07 Support: 45.38 (± 0.12) Resistance: 46.70 (± 0.12) Current Price: 46.63Pattern: Uptrend Low: 42.06 - 03/05/07 High: 46.89 - 05/04/07 Current Price: 46.63Pattern: Rising Wedge Status: Testing Resistance Low: 34.35 - 04/29/05 High: 46.89 - 05/04/07 Support: 43.23 (± 0.29) Resistance: 46.42 (± 0.29) Current Price: 46.63Pattern: Rising Channel Status: Testing Resistance Low: 32.35 - 08/13/04 High: 46.89 - 05/04/07 Support: 39.09 (± 0.65) Resistance: 46.35 (± 0.65) Current Price: 46.63
QQQQ Long-term perspective:
The QQQQ monthly uptrend that started in June 2006 is not over yet. The fifth wave is still in progress and near completion. The QQQQ is near the long-term channel resistance. The uptrend should be close to the top as the price is near the resistance line, weekly Lane's Stochastic is overbought and William's Percentage Range is in strong overbought area.
QQQQ - Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
QQQQ daily William's Percentage Range is in strong overbought area. Lane's Stochastic and MACD have bearish divergence. Standard Poor's 500 Index has uptrend exhaustion alert. QQQQ uptrend should be exhausted and a reversal is due soon.
QQQQ - Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.
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