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Stock Market Trend Analysis Newsletter.

The Stock Market Week - 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


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 25% 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
Technical Stock Market Timing System
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
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.

The Dow Jones has formed a Triangle chart pattern
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Sep 17, 2023
The Dow Jones has formed the Elliott Wave Impulse Wave pattern
Almost 6% of S&P 500 component stocks have strongly oversold weekly Lane's Stochastic. It is the highest level since April 03, 2020.
Oct 02, 2022
The S&P 500 - fifth consecutive negative week
More than 40% of S&P 500 component stocks have oversold weekly Williams' Percentage Range (W%R). It is the highest level since March 20, 2020.
May 08, 2022
The NASDAQ price is near the quarterly rising rhannel support level.
The Dow Jones price is near the 200 Day Moving Average.
Dec 04, 2021
The highest number of strongly overbought stocks since January
The NASDAQ Composite index has formed the Rising Channel chart pattern, and price is near the resistance level.
Aug 29, 2020
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Apr 17, 2020
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Apr 12, 2020
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Mar 22, 2020
S&P 500 Bearish Trend Analysis
What to expect if the S&P breaks the long term rising channel support trendline.
Mar 14, 2020
S&P 500 Rising Wedge Breakdown
The S&P 500 intermediate trend Rising Wedge breakdown caused the biggest weekly loss since October 2008.
Mar 1 , 2020
NASDAQ biggest weekly advance
It was the biggest weekly NASDAQ advance recorded. More than 30% of S&P members are trading at their highest price in the past 52 weeks.
Jan 7 , 2018
Eighth consecutive positive week
It was the eighth consecutive positive week for S&P 500 index. More than 40% of S&P 500 component stocks have overbought weekly Lane's Stochastic. It is the highest level since April 29, 2016.
Nov 5 , 2017
ETF's Currency Shares Alert.
CurrencyShares Swedish Krona Trust (FXS) weekly downtrend reached 116.62 on September 27, making the biggest weekly drop since October 2015.
Sep 24, 2017
Dow Jones Industrial Average monthly uptrend - five-wave structure.
The Dow Jones Industrial Average monthly uptrend has formed a five-wave structure. It started on April 19, 2017 at 20,379.55 and reached 22,419.51 on September 21, 2017.
Sep 24, 2017
Sixth consecutive positive week for the S&P 500.
Almost 56% of S&P 500 component stocks have overbought weekly Williams' Percentage Range. It is the highest level since December 26, 2014.
Mar 5 , 2017
Third consecutive negative week for the Dow Jones
Almost 40% of S&P 500 component stocks have oversold daily Lane's Stochastic. It is a highest level since November 16, 2012.
Mar 15, 2015
Dow Jones is near 200 Day Moving Average
During the past week, Dow Jones Industrial Average sank 507.65 points or 2.87%, to 17164.95. Williams' Percentage Range and Lane's Stochastic are overbought in a monthly time frame. The Dow Jones price is near 200 Day Moving Average.
Feb 1 , 2015
S&P 500 at highest level since Oct 2007
The major indices and more than a half of S&P 500 members are strongly overbought in daily, weekly, and monthly time frames.
Mar 17, 2013
S&P 500 members Downtrend Resistance Alert
Dow Jones, NASDAQ, and More than 40% of S&P 500 members have the Downtrend Resistance Alert.
Oct 30, 2011
The short-term rally is over
S&P 500 index may break the support around 1100 and move down to the next support area around 1000 - 950.
Sep 5 , 2011
S&P 500 is close to the 50 Day Moving Average
S&P 500 index has fallen below the Parabolic SAR (stop and reversal). Price is close to the 50 Day Moving Average.
Mar 13, 2011
S&P 500 index wave's structure
S&P 500 medium-term uptrend has a five wave's structure. The fifth sub wave is near completion.
Dec 26, 2010
Monthly W%R is strongly overbought for the first time since October 2007
The S&P 500 technical indicators are pretty close to the beginning of October 2007, just a week prior the beginning of the bear market of 2007-2009.
Oct 17, 2010
More than a half of S&P 500 members are overbought
More than 10% of S&P 500 index members made a new 52-week high, but almost a half of them closed this week below the previous week's close.
Sep 12, 2010
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

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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.