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Stock Market Trend Analysis Newsletter.

The Stock Market Week - 3/27/2009
It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 497.80 points, or 6.84%. The Standard & Poor's 500 Index gained 47.40 points, or 6.17%, while the Nasdaq Composite gained 87.93 points, or 6.03%.

The Financial sector was the strongest sector for the second week followed by the Industrial sector. The Utilities sector was the worst performing sector for the second week followed by the Health Care sector.

Technology, Services, and Basic Materials are the most overvalued sectors while Agricultural Chemicals, Auto Parts Stores, and Copper are the most overvalued industries.

Conglomerates and Financial are the most oversold sectors while Regional-Pacific Banks, REIT - Diversified, Gaming Activities, and REIT - Retail are among the most oversold industries.
Standard & Poor's 500 Index Trend Analysis
In our last publication on February 22 we have suggested that downtrend should be completed in approximately a week or two (February 25 ? March 6) with the target around 650. The S&P 500 downtrend has been completed on March 6th at 666.79. A strong uptrend is in progress now. S&P 500 index has reached 832.98 on Thursday posting almost 25% gain since March 6th.

Standard & Poor#39;s 500 Index is in a long-term downtrend that started on 10/11/2007 at 1576.09. According to the Elliot Wave Principle, the market?s progress ultimately takes the form of the five waves structure. The first (I) wave down has been completed on 1/23/2008 at 1270.05 and dropped almost 20%. According to the Wave Principle, the third wave is the strongest and the broadest, and it generates the greatest volume and price movement. The third (III) wave down has started on 5/19/2008 at 1440.24 and dropped more than 48.5%, reaching 741.02 level on 11/21/2008.
Standard & Poor's 500 - Long-Term Trend (two years)
Technical Stock Market Timing System
Since 11/21/2008 the S&P 500 chart has formed the broadening descending wedge. The formation might be completed, but there is a chance that it is still in progress. In this case the price may reach the resistance level and turn down to retest the support line.
Standard & Poor's 500 - Medium-Term Trend (one year)
Technical Stock Market Timing System
Daily Williams' % Range (W%R) is strongly overbought and Lane's Stochastic is overbought. The price uptrend may pause for a while to reset technical indicators before the next up move toward the resistance line.
Presented by www.thegreedytrader.com Research Group.
S&P 500 members - Trend Support Alert
Daily and weekly indicators are oversold for all three major US indices. More than 28% of S&P members are oversold, and more than 22% have a Trend Support Alert.
Jul 4 , 2010
S&P 500 members - Downtrend Resistance alert
More than 60 S&P members have the Downtrend Resistance Alert. Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought.
Jun 20, 2010
S&P 500 members - uptrend support alert
More than 30% of S&P 500 members have an uptrend support alert. This alert indicates that stock price is near the monthly uptrend support level.
May 23, 2010
Dow Jones Elliott Wave count
Dow Jones gained 68.03% in 53 weeks. The chart has formed a Rising Channel chart pattern. Fifth wave up is in progress.
Mar 21, 2010
NASDAQ at the highest level since September 2008
NASDAQ medium-term trend has formed a five-wave structure. The fifth wave is in progress now. The price is near the trend resistance line (2331.43).
Mar 5 , 2010
Is Dow Jones going above January high soon?
Dow Jones has advanced above the 50 Day Moving Average. MACD line has moved above its signal line. Both crossovers are considered as bullish signals.
Feb 19, 2010
The Dow Jones has formed a falling channel pattern
The Dow Jones lost 932.06 points, or 8.66%, since January 14. The downtrend has formed a falling channel pattern.
Feb 7 , 2010
The Dow Jones short-term down trend is near the support line
The Dow Jones is near the support line. Daily technical indicators are oversold. Almost 20% of S&P 500 members have an uptrend support alert.
Jan 31, 2010
S&P 500 has crossed below the 50 Day Moving Average
S&P MACD line has moved below its signal line; the price has crossed below the 50 Day MA and has closed below the lower Bollinger Band.
Jan 24, 2010
The Christmas rally has pushed the stocks ahead
The trend following indicators have turned bullish, while almost 20% of S&P 500 members are overbought.
Dec 25, 2009
Technical indicators caused a sharp stock market sell off
Strong resistance caused a sharp stock market sell off. The S&P 500 index has lost 3.3% in two days.
Sep 27, 2009
S&P 500 is forming a rising wedge pattern
S&P 500 is forming a rising wedge chart pattern. The next up leg could reach the resistance around 1075 in October.
Sep 6 , 2009
All three major US indices are overbought
109 out of S&P 500 members are overbought, 51 stocks have daily MACD bearish divergence.
Jul 25, 2009
S&P 500 - head and shoulders pattern
The S&P 500 has an Uptrend Exhaustion alert. Chart has formed the head and shoulders pattern. Price is near the neckline.
Jul 12, 2009
S&P 500 - Uptrend Exhaustion alert
The S&P 500 index has an Uptrend Exhaustion alert. The next resistance level is near 1044. The support is near 470.
Jun 7 , 2009
S&P 500 - downtrend resistance alert
The S&P 500 index has a downtrend resistance alert. The weekly ABC zigzag pattern is almost completed. Resistance is near 944.
May 10, 2009
The upside potential is limited
The S&P 500 upside potential is limited and chances are high that price will turn down soon. The support is near 805.
May 3 , 2009
S&P 500 chart has formed the broadening wedge
S&P 500 chart has formed the broadening descending wedge. The uptrend may pause for a while to reset technical indicators.
Mar 29, 2009
S&P 500 chart wave analysis
S&P 500 chart wave analysis and technical indicators suggest that the downtrend might be close to completion with the target around 650.
Feb 22, 2009
S&P 500 is forming a triangle pattern
Since mid October the S&P 500 is forming a horizontal expanding triangle pattern. The support is near 600, and resistance around 959
Jan 19, 2009
S&P 500 resistance is near 965
S&P 500 resistance is near 965 now and the support is near 738. S&P may turn down to retest the support line once more.
Nov 30, 2008
S&P 500 technical indicators have bullish divergence
S&P 500 technical indicators have bullish divergence. It is usually considered as an indicator that bears are losing power.
Nov 14, 2008
Major indices have formed a triangle chart pattern
All three major indices have formed a triangle pattern. Usually, in a mature trend a it is considered as a reversal pattern.
Oct 12, 2008
Bear market technical indicators
According to the technical indicators, the sharp market down wave might be close to completion.
Oct 12, 2008
Bear market statistics
Average length of a bear market - 18.5 months (current - 12). Average bear market decline - 36% (current - 28%).
Oct 5 , 2008
Major indices posted the biggest gains since 2002
The Dow Jones, S&P 500 and Nasdaq have posted the biggest gains since October 11, 2002 in two consecutive trading sessions.
Sep 19, 2008
Dow - head and shoulders pattern
Dow Jones long-term chart has formed a head and shoulders pattern. After retesting the neckline Dow has resumed the long-term downtrend.
Sep 7 , 2008
Nasdaq is forming a triangle chart pattern
Nasdaq is forming a triangle chart pattern. It usually represents an area of indecision, where the direction of the movement is questioned.
Aug 17, 2008
S&P 500 has formed a Bearish Advance Block pattern
The down trend might not be completed yet, and it may resume soon. On Friday, S&P 500 Index has formed a Bearish Advance Block candlestick pattern.
Jul 20, 2008
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Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.
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