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Stock Market Trend Analysis Newsletter.

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
Technical Stock Market Timing System
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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