weekly Stock Market Analysis - 02/26/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -77.09 points or -0.74%. The Standard & Poor's 500 Index dropped -4.68 points or -0.42%, while the Nasdaq Composite dropped -5.61 points or -0.25%. Read More ...

The Financial sector was the strongest sector (1.52%) last week followed by the Consumer Discretionary sector (0.99%). The Materials sector was the worst performing sector (-2.45%) of the week followed by the Energy sector (-2.13%).

The Services sector is the most overvalued sector followed by Healthcare, while Regional Airlines, Drug Delivery, and Auto Parts Stores are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Basic Materials, while Major Integrated Oil/Gas, Aluminum, and Oil & Gas Refining/Mrktng are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
32.34%	MIL	Millipore Corp.	Health Care
29.43%	CCE	Coca-Cola Enterprises	Consumer Staples
12.36%	JDSU	JDS Uniphase Corp	Information Technology

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-18.18%	HRB	Block H & R	Consumer Discretionary
-9.13%	MON	Monsanto Co.	Materials
-9.09%	DYN	Dynegy Inc. (New) Class A	Utilities

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	14
Uptrend Support	6
Uptrend Exhaustion	6
Uptrend Broken Support	2
Downtrend Resistance	31
Oversold	4

Is Dow Jones going above January high soon?

Dow Jones Trend Analysis - 2/19/2010

It was the second positive week after 4 consecutive negative weeks for the Dow Jones (^DJI). During the week, the ^DJI gained 303.21 points, or 3.00%, and closed at 10402.35 on Friday, February 19, 2010. It was the best weekly gain since November 6, 2009. Weekly volume was -27% below average. Read More ... A medium-term uptrend had started on March 9, 2009 at 6440.08 and reached 10767.15 on January 14, 2010. ^DJI gained -4327.07 points, or -67.19%, in 44 weeks.

Dow Jones Industrial Average

According to our publication on January 24:         There are two possible scenarios that we would like to consider. 1. The Dow Jones medium-term uptrend is completed. It has formed the three waves ABC structure. A new medium-term downtrend has started on January 14. The current short-term down wave that has started on January 14 is a first sub wave of a new medium-term downtrend. 2. The Dow Jones medium-term uptrend is still in progress. The current short-term down wave that started on January 14 is a forth sub wave of the current medium term uptrend. In both cases, the short-term downtrend is close to completion. A short-term rally may start soon. The rally has started on February 5th at 9835.09, gained 603.46 or 6.14% in two weeks and reached 10438.55 on Friday, February 19. A short-term falling channel that had started on January 14, 2010 is broken.

Dow Jones Industrial Average

During the last week, the price has advanced above the 50 Day Moving Average. Daily MACD line has moved above its signal line. Both crossovers are considered as bullish signals. Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. If scenario #1 is in play, a short-term downtrend from January 14, 2010 to February 5 is completed. It presents a first sub wave of the new medium-term downtrend. The second sub wave is in progress now. Considering the overbought daily technical indicators second sub wave should be near completion and a third sub wave down should start soon. If scenario #2 unfolds, a short-term downtrend from January 14, 2010 to February 5 is completed. It presents a forth sub wave of the medium-term uptrend (from March 9, 2009). The fifth sub wave is in progress now. The sub wave should bring Dow Jones above January high - 10767.15. The next week is critical to recognize witch scenario is in play. If after the short pause the rally continues, chances are high that scenario #2 unfolds. If we see next week a sharp decline - scenario #1 could be in progress.

Presented by www.thegreedytrader.com Research Group.

Weekly Stock Market Overview - 2/19/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 303.21 points or 3.00%. The Standard & Poor's 500 Index gained 33.66 points or 3.13%, while the Nasdaq Composite gained 60.34 points or 2.76%. Read More ...

The Industrial sector was the strongest sector (4.68%) last week followed by the Materials sector (4.26%). The Health Care sector was the worst performing sector (2.14%) of the week followed by the Technology sector (2.15%).

The Technology sector is the most overvalued sector followed by Consumer Goods, while Computer Peripherals, Meat Products, and Toys & Games are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Industrial Goods, while General Contractors, Electric Utilities, and Waste Management are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
17.92%	SII	Smith International	Energy
13.14%	WFMI	Whole Foods Market	Consumer Staples
11.33%	INTU	Intuit, Inc.	Information Technology

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-4.44%	NVDA	NVIDIA Corp.	Information Technology
-4.07%	FTI	FMC Technologies Inc.	Energy
-3.88%	APOL	Apollo Group	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	20
Uptrend Support	11
Uptrend Exhaustion	9
Uptrend Broken Support	2
Downtrend Resistance	33
Oversold	4

Weekly Stock Market Overview - 2/12/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 86.91 points or 0.87%. The Standard & Poor's 500 Index gained 9.32 points or 0.87%, while the Nasdaq Composite gained 42.41 points or 1.98%. Read More ...

The Energy sector was the strongest sector (2.49%) last week followed by the Consumer Staples sector (1.77%). The Utilities sector was the worst performing sector (-0.38%) of the week followed by the Financial sector (0.07%).

The Technology sector is the most overvalued sector followed by Conglomerates, while Computer Peripherals, Printed Circuit Boards, and Data Storage Devices are among the most overvalued industries. The Services sector is the most oversold sector followed by Industrial Goods, while Wholesale Other, Rental & Leasing Services, and General Contractors are among the most oversold industries.



Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
26.54%	HAR	Harman Int'l	Consumer Discretionary
19.68%	AIG	American Int'l. Group	Financials
16.94%	JDSU	JDS Uniphase Corp	Information Technology

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-17.97%	DF	Dean Foods	Consumer Staples
-10.36%	NYT	New York Times Cl. A	Consumer Discretionary
-9.99%	BSX	Boston Scientific	Health Care

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	15
Uptrend Support	61
Uptrend Exhaustion	2
Uptrend Broken Support	2
Downtrend Resistance	6
Oversold	30

The Dow Jones has formed a falling channel pattern

Last week we have suggested that a short-term rally may start soon. The rally has started on Monday and took Dow Jones from Friday's 10,014.35 low to Wednesday's 10,356.86. Dow Jones added 342.51 or 3.4% in three days. Then the market turned negative, erased the gains and went lower at the end of the week. It was the fourth consecutive negative week for the Dow Jones. During the week, the ^DJI gave back -55.10 points, or -0.55%, and closed at 10012.23 on Friday, February 05, 2010. Weekly volume was 9% below average.

Our medium-term outlook has not changed. A medium-term uptrend had started on March 9, 2009 at 6440.08 and reached 10767.15 on January 14, 2010. ^DJI gained -4327.07 points, or -67.19%, in 44 weeks. Dow Jones is near the medium-term trend support line. The 50 Day Moving Average line could be considered as a resistance (10416) one. Read More ...

Dow Jones Industrial Average

A short-term downtrend had started on January 14, 2010 at 10767.15 and reached 9835.09 on February 5, 2010. Dow Jones lost 932.06 points, or 8.66%, in 19 days. The short-term downtrend has formed a falling channel pattern. The third wave (C) down is in progress. If the trend continues, Dow Jones may reach 9600 area by the end of the wave C. Resistance is near 10290.

Dow Jones Industrial Average

Presented by www.thegreedytrader.com Research Group.

Weekly Stock Market Overview - 2/5/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -55.10 points or -0.55%. The Standard & Poor's 500 Index dropped -7.68 points or -0.72%, while the Nasdaq Composite dropped -6.23 points or -0.29%. Read More ... The Materials sector was the strongest sector (1.13%) last week followed by the Technology sector (0.53%). The Utilities sector was the worst performing sector (-2.07%) of the week followed by the Financial sector (-1.69%). The Financial sector is the most overvalued sector followed by Basic Materials, while Regional-Pacific Banks, Agricultural Chemicals, and Regional-Mid-Atlantc Bnks are among the most overvalued industries. The Conglomerates sector is the most oversold sector followed by Technology, while Long Distance Carriers, Security Software & Svcs, and Wireless Communications are among the most oversold industries. Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
44.25%	ARG	Airgas Inc.	Materials
25.09%	LXK	Lexmark Int'l Inc	Information Technology
11.78%	CMI	CUMMINS INC	Industrials

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-16.22%	GCI	Gannett Co.	Consumer Discretionary
-10.27%	MI	Marshall & Ilsley Corp.	Financials
-9.64%	APD	Air Products & Chemicals	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	15
Uptrend Support	108
Uptrend Exhaustion	1
Uptrend Broken Support	0
Downtrend Resistance	1