Weekly Stock Market Overview - 1/22/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -436.67 points or -4.12%. The Standard & Poor's 500 Index dropped -44.27 points or -3.90%, while the Nasdaq Composite dropped -82.70 points or -3.61%. Read More ...

The Health Care sector was the strongest sector (-1.74%) last week followed by the Consumer Staples sector (-1.79%). The Materials sector was the worst performing sector (-6.42%) of the week followed by the Financial sector (-5.07%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Drug Delivery, Small Tools & Accessories, and Health Care Plans are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Conglomerates, while Water Utilities, Electric Utilities are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
9.58%	HBAN	Huntington Bancshares	Financials
8.61%	ZION	Zions Bancorp	Financials
8.40%	CMA	Comerica Inc.	Financials

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-14.50%	THC	Tenet Healthcare Corp.	Health Care
-14.27%	AA	Alcoa Inc	Materials
-13.63%	MEE	Massey Energy Co.	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	16
Uptrend Support	33
Uptrend Exhaustion	3
Uptrend Broken Support	12
Downtrend Resistance	7
Oversold	10

Weekly Stock Market Overview - 1/15/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -8.54 points or -0.08%. The Standard & Poor's 500 Index dropped -8.95 points or -0.78%, while the Nasdaq Composite dropped -29.18 points or -1.26%. Read More ...

The Health Care sector was the strongest sector (1.38%) last week followed by the Consumer Staples sector (0.75%). The Materials sector was the worst performing sector (-3.21%) of the week followed by the Financial sector (-1.84%).

The Consumer Goods sector is the most overvalued sector followed by Industrial Goods, while Auto Manufacturers/Major, Metals Fabrication, and Small Tools & Accessories are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Technology, while Multimedia/Graphics Sftwr, Wireless Communications, and Security Software & Svcs are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 11.27% SVU Supervalu Inc. Consumer Staples 7.36% TXT Textron Inc. Industrials 6.85% EK Eastman Kodak Consumer Discretionary

Weekly S&P 500 Loosers

Gains/Loses(%) Symbol Company Sector -12.81% PWR Quanta Services Inc. Industrials -10.99% PCS MetroPCS Communications Inc. Telecommunications Services -10.18% KLAC KLA-Tencor Corp. Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 0 Downtrend Broken Resistance 22 Uptrend Support 7 Uptrend Exhaustion 21 Uptrend Broken Support 13 Downtrend Resistance 26 Oversold 4

Weekly Stock Market Overview - 1/8/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 190.14 points or 1.82%. The Standard & Poor's 500 Index gained 29.88 points or 2.68%, while the Nasdaq Composite gained 48.02 points or 2.12%. Read More ...

The Materials sector was the strongest sector (5.85%) last week followed by the Energy sector (5.77%). The Utilities sector was the worst performing sector (-0.97%) of the week followed by the Consumer Staples sector (0.38%).

The Basic Materials sector is the most overvalued sector followed by Services, while Regional Airlines, Railroads, and Publishing - Books are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Utilities, while Biotechnology, Hospitals, and Electric Utilities are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 33.67% MBI MBIA Inc. Financials 27.90% ZION Zions Bancorp Financials 26.42% MI Marshall & Ilsley Corp. Financials

Weekly S&P 500 Loosers

Gains/Loses(%) Symbol Company Sector -6.95% PCS MetroPCS Communications Inc. Telecommunications Services -5.48% MYL Mylan Inc. Health Care -4.17% VZ Verizon Communications Telecommunications Services

S&P 500 Technical Signals and Trend Analysis - 12/31/2009

It was the first negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -11.38 points, or -1.01%, and closed at 1115.10 on Thursday, December 31, 2009. It was the worst weekly loss since October 30, 2009. Weekly volume was -53% below average. Read More ...

A short-term uptrend had started on November 27, 2009 at 1083.74 and reached 1130.38 on December 29, 2009. ^GSPC gained -46.64 points, or -4.30%, in 32 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 1089.92 and resistance is at 1130.43. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators.

Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. During the last week, daily Lane's Stochastic main line (%K) has declined below the oversold signal line (%D). Such crossover is considered a bearish signal. Daily MACD has bearish divergence.

The daily MACD line is above its signal line since December 22, 2009. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (1115.1) comes close to the price (1115.10). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling and it was 3.9% on Friday. It is 39.71% lower then two years average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands.

The Greedy Trader Weekly Analysis Sign In 12/31/2009 Weekly Stock Market Overview All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -92.05 points or -0.87%. The Standard & Poor's 500 Index dropped -11.38 points or -1.01%, while the Nasdaq Composite dropped -16.54 points or -0.72%. Read More ... The Technology sector was the strongest sector (-0.35%) last week followed by the Consumer Staples sector (-0.79%). The Industrial sector was the worst performing sector (-1.63%) of the week followed by the Utilities sector (-1.46%). The Technology sector is the most overvalued sector followed by Healthcare, while Information Technlgy Svcs, Drug Delivery, and Semiconductr-Memory Chips are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Industrial Goods, while Confectioners, Heavy Construction, and Beverages-Brewers are among the most oversold industries. Weekly S&P 500 Winners Gains/Loses(%) Symbol Company Sector 4.77% HRB Block H&R Consumer Discretionary 4.24% CEPH Cephalon Inc. Health Care 3.94% MU Micron Technology Information Technology Weekly S&P 500 Loosers Gains/Loses(%) Symbol Company Sector -8.51% ODP Office Depot Consumer Discretionary -8.08% MBI MBIA Inc. Financials -6.87% PLD ProLogis Financials Weekly S&P 500 Alerts Stock Market Alerts Count Downtrend Exhaustion 0 Downtrend Broken Resistance 17 Uptrend Support 8 Uptrend Exhaustion 32 Uptrend Broken Support 12 Downtrend Resistance 35 Oversold 3

Standard & Poor's 500 Index Trend Analysis

Standard & Poor's 500 Index Trend Analysis

It was the first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 24.01 points, or 2.18%, and closed at 1126.48 on Thursday, December 24, 2009. Weekly volume was -40% below average.

The Christmas rally has pushed the stocks ahead and the trend following indicators have turned bullish. The daily MACD line has moved above its signal line. The price has closed on Friday above the upper Bollinger Band. Almost 20% of S&P 500 members are overbought. Daily and weekly oscillators are overbought and strongly overbought. The bearish divergence is everywhere. It indicates that the rally is exhausted and a trend reversal is expected soon.

Standard & Poor's 500

Weekly Technical Indicators: Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Weekly MACD has bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. The weekly MACD line is above its signal line since March 13, 2009.

Daily Technical Indicators: Daily Williams' Percentage Range and Lane's Stochastic are overbought. Daily Lane's Stochastic and MACD have bearish divergence. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. The distance between the Bollinger Bands is falling and it was 3.3% on Friday. It is 33.55% lower then two years average. It indicates the period of low volatility of the stock price.

Standard & Poor's 500 - Bollinger Bands

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Weekly Stock Market Overview - 12/24/2009

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 191.21 points or 1.85%. The Standard & Poor's 500 Index gained 24.01 points or 2.18%, while the Nasdaq Composite gained 74.00 points or 3.35%.

The Materials sector was the strongest sector (4.44%) last week followed by the Technology sector (3.05%). The Utilities sector was the worst performing sector (0.41%) of the week followed by the Health Care sector (1.06%).

The Technology sector is the most overvalued sector followed by Basic Materials, while Information Technlgy Svcs, Diversified Computer Sys, and Semiconductr-Memory Chips are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while hospitals, Biotechnology, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 24.78% MBI MBIA Inc. Financials 20.14% SNDK SanDisk Corp. Information Technology 17.70% JBL Jabil Circuit Information Technology

Weekly S&P 500 Loosers

Gains/Loses(%) Symbol Company Sector -10.73% CTAS Cintas Corporation Industrials -6.45% MOT Motorola Inc. Information Technology -5.64% DYN Dynegy Inc. (New) Class A Utilities

The Stock Market Week - 9/25/2009

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -155.01 points or -1.58%. The Standard & Poor's 500 Index dropped -23.92 points or -2.24%, while the Nasdaq Composite dropped -41.94 points or -1.97%.

The Consumer Staples sector was the strongest sector (-0.63%) last week followed by the Health Care sector (-0.80%). The Materials sector was the worst performing sector (-4.59%) of the week followed by the Financial sector (-3.63%).

The Utilities sector is the most overvalued sector followed by Basic Materials, while Chemicals-Major Diversifd, Copper, and Agricultural Chemicals are among the most overvalued industries. The Financial sector is the most oversold sector followed by Industrial Goods, while Savings & Loans, Waste Management, and Lumber Wood Production are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 11.75% AIG American Int'l. Group Financials 5.43% MBI MBIA Inc. Financials 5.04% F Ford Motor Consumer Discretionary

Weekly S&P 500 Loosers

Gains/Loses(%) Symbol Company Sector -20.09% MCO Moody's Corp Financials -16.08% KBH KB Home Consumer Discretionary -12.82% EK Eastman Kodak Consumer Discretionary

Standard & Poor's 500 Index Trend Analysis The current S&P 500 up trend has an ABC structure. The first leg up (wave A) presents a sharp advance from 666.75 on March 6th to 956.23 on June 11th. The second leg up (wave C) advanced from 869.35 in July to 1080.15 on September 23rd (29% shorter than wave A). In our previous publication we wrote: the next up leg could reach the resistance level around 1075 in the beginning of October. The S&P 500 was able to reach the resistance level even earlier, but it was not able to close above the resistance level so far. The resistance caused a sharp sell off. The S&P has lost 3.3% in two days. Weekly Williams' % Range indicator is still overbought while weekly Lane's Stochastic is strongly overbought. Daily Lane's stochastic crossed over its moving average above 80%, which is considered as a sell signal. The next support level is near 970.

Standard & Poor's 500

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Weekly Stosk Market Update - 9/11/2009

The Greedy Trader Weekly Analysis Sign In 9/11/2009 Weekly Stock Market Overview It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 164.14 points or 1.74%. The Standard & Poor's 500 Index gained 26.33 points or 2.59%, while the Nasdaq Composite gained 62.12 points or 3.08%. The Energy sector was the strongest sector (5.18%) last week followed by the Industrial sector (4.11%). The Utilities sector was the worst performing sector (0.07%) of the week followed by the Health Care sector (1.51%). The Consumer Goods sector is the most overvalued sector followed by Technology, while Semiconductr-Memory Chips, Printed Circuit Boards, and Housewares & Accessories are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Services, while Publishing - Books, Auto Parts Stores, and Restaurants are among the most oversold industries. Weekly S&P 500 Winners Gains/Loses(%) Symbol Company Sector 28.61% MTW Manitowoc Co. Industrials 25.39% AMD Advanced Micro Devices Information Technology 17.75% PCS MetroPCS Communications Inc. Telecommunications Services Weekly S&P 500 Loosers Gains/Loses(%) Symbol Company Sector -7.03% FITB Fifth Third Bancorp Financials -6.24% AIG American Int'l. Group Financials -5.36% AEE Ameren Corporation Utilities Weekly S&P 500 Alerts Stock Market Alerts Count Downtrend Exhaustion 0 Downtrend Broken Resistance 4 Uptrend Support 6 Uptrend Exhaustion 50 Uptrend Broken Support 6 Downtrend Resistance 25 Oversold 0 Overbought 144

Stock Market Wave Analysis – 9/4/2009

The Standard Poor's 500 Index is forming a rising wedge chart pattern. A rising wedge is generally considered bearish and it is usually found in downtrends. A rising wedge forms over a 3-6 months period. The current up trend is totally contained within the rising wedge. From low 666.75 on March 6th, S&P 500 surpassed 1000 in less than 6 months. The Elliott Wave count of the S&P 500 index is shown below. The wage has formed an A-B-C-D wave structure with the wave D currently in progress. Rising A and C waves have similar five sub wave structures with bearish divergence between sub wave 3 and 5. Wave B is a three-wave Zig-Zag correction. For the count to be correct, wave D must be forming a three-wave Zig-Zag correction at present. The support line is now near 970. The first leg up (wave A) was a sharp advance from 666.75 on March 6th to 956.23 on June 11th. The second leg up (wave C) advanced from 869.35 in July to 1039.47 in August (41% shorter than wave A). If support holds, the next up leg could reach the resistance level around 1075 in the beginning of October. A rising wedge chart pattern technical targets are usually derived by subtracting the height of the pattern from the eventual breakout level. If wave D breaks the support line, the technical target is around 770.

Standard & Poor's 500

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