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.
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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.
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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.
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| ^GSPC: S&P 500 Index |
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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.
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| USO: United States Oil |
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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.
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| USO: United States Oil |
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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%).
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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 |
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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 |
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Weekly S&P 500 Alerts |
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