It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 117.29 points or 1.10%. The Standard & Poor's 500 Index gained 9.91 points or 0.86%, while the Nasdaq Composite gained 6.75 points or 0.29%. Read More ...
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The Industrial sector was the strongest sector (1.45%) last week followed by the Health Care sector (1.29%). The Energy sector was the worst performing sector (-2.09%) of the week followed by the Materials sector (-0.03%).
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The Utilities sector is the most overvalued sector followed by Services, while Electronics Wholesale, Regional Airlines, and Apparel Stores are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Long Distance Carriers, Aluminum, and Semiconductor Equip/Matrl are among the most oversold industries.
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| Weekly S&P 500 Winners |
| Gains/Loses(%) | Symbol | Company | Sector | | 15.08% | LSI | LSI Corporation | Information Technology | | 8.34% | CVH | Coventry Health Care Inc. | Health Care | | 8.23% | AET | Aetna Inc. (New) | Health Care | |
Weekly S&P 500 Loosers |
| Gains/Loses(%) | Symbol | Company | Sector | | -11.68% | NBR | Nabors Industries Ltd. | Energy | | -10.73% | SWN | Southwestern Energy Co. | Utilities | | -9.68% | DYN | Dynegy Inc. (New) Class A | Utilities | |
Weekly S&P 500 Alerts |
It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 58.49 points or 0.55%. The Standard & Poor's 500 Index gained 11.30 points or 0.99%, while the Nasdaq Composite gained 41.31 points or 1.78%. Read More ...
| The Financial sector was the strongest sector (2.10%) last week followed by the Technology sector (1.97%). The Health Care sector was the worst performing sector (-0.56%) of the week followed by the Utilities sector (-0.40%).
| The Services sector is the most overvalued sector followed by Consumer Goods, while Toys & Games, Regional Airlines, and Meat Products are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Industrial Goods, while General Contractors, Medical Labs & Research, and Hospitals are among the most oversold industries.
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Weekly S&P 500 Winners | | Gains/Loses(%) | Symbol | Company | Sector | | 21.90% | AIG | American Int'l. Group | Financials | | 13.43% | C | Citigroup Inc. | Financials | | 12.01% | ZION | Zions Bancorp | Financials | |
Weekly S&P 500 Loosers | | Gains/Loses(%) | Symbol | Company | Sector | | -7.25% | EQT | EQT Corporation | Utilities | | -6.40% | ADM | Archer-Daniels-Midland | Consumer Staples | | -5.93% | PLL | Pall Corp. | Industrials | |
Weekly S&P 500 Alerts | | | | |
It was the positive week for the NASDAQ (^IXIC). During the week, the ^IXIC gained 88.09 points, or 3.94%, and closed at 2326.35 on Friday, March 05, 2010. It was the best weekly gain since October 9, 2009. Price has reached the best level since September 2008. Weekly volume was 11% above average. Read More ...
A medium-term uptrend had started on March 9, 2009 at 1265.52 and reached 2327.03 on Friday, March 05. NASDAQ gained -1061.51 points, or -83.88%, in 51 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 2302.14 and resistance is at 2445.95. A medium-term trend has formed a five-wave structure. The fifth wave is in progress now.
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NASDAQ: medium-term uptrend |
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A short-term uptrend had started on February 5, 2010 at 2100.17 and reached 2327.03 on March 5, 2010. NASDAQ gained -226.86 points, or -10.80%, in 28 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (2331.43). | |
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NASDAQ: short-term uptrend |
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Weekly Williams' Percentage Range is strongly overbought. Daily Relative Strength Index and Williams' Percentage Range are overbought, while Lane's Stochastic is strongly overbought.
A short-term trend has formed an A-B-C wave structure. Wave C is near completion and a pullback is expected soon. |
It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 240.94 points or 2.33%. The Standard & Poor's 500 Index gained 34.20 points or 3.10%, while the Nasdaq Composite gained 88.09 points or 3.94%. Read More ...
| | The Materials sector was the strongest sector (5.30%) last week followed by the Consumer Discretionary sector (4.16%). The Health Care sector was the worst performing sector (1.97%) of the week followed by the Consumer Staples sector (2.07%). | The Consumer Goods sector is the most overvalued sector followed by Conglomerates, while Meat Products, Auto Manufacturers/Major, and Confectioners are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Industrial Goods, while General Contractors, Electric Utilities, and Lumber Wood Production are among the most oversold industries.
| | Weekly S&P 500 Winners | | Gains/Loses(%) | Symbol | Company | Sector | | 25.74% | NOVL | Novell Inc. | Information Technology | | 16.28% | ANF | Abercrombie & Fitch Co. | Consumer Discretionary | | 14.51% | MEE | Massey Energy Co. | Materials | |
Weekly S&P 500 Loosers | | Gains/Loses(%) | Symbol | Company | Sector | | -9.59% | SPLS | Staples Inc. | Consumer Discretionary | | -6.16% | FTR | Frontier Communications | Telecommunications Services | | -3.41% | HRB | Block H & R | Consumer Discretionary | |
Weekly S&P 500 Alerts |
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 | | |
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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.
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| | Dow Jones Industrial Average |  | |
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According to our publication on January 24:
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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.
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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. | |
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 | | |
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.
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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 | | |
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