The Greedy Trader Weekly Analysis
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Stock Market Trend Analysis Newsletter.
Market Alerts: Dow Jones is near 200 Day Moving Average

Major US indices
All three major US indices were negative and had prices below 20 and 50 Day Moving Average. Monthly Lane's Stochastic is overbought.

Dow Jones Industrial Average
During the past week, Dow Jones Industrial Average (^DJI) sank 507.65 points or 2.87%, to 17164.95.
The Dow Jones Industrial Average quarterly uptrend started on November 16, 2012 at 12,471.49 and reached 18,103.45 on December 26, 2014, making a 45.16% gain in seventy-six weeks.

^DJI: Dow Jones Industrial Average quarterly trend
Technical Stock Market Timing System

Williams' Percentage Range and Lane's Stochastic are overbought in a monthly time frame. The Dow Jones price is near 200 Day Moving Average. The 200 Day Moving Average is often acts as a support or resistance level.

S&P 500 Index
The S&P 500 Index (^GSPC) sank 56.83 points to 1994.99 during the week. The S&P 500 quarterly uptrend started on November 16, 2012 at 1,343.35 and reached 2,093.55 on December 29, 2014, making 55.85% increase in seventy-six weeks.

^GSPC: S&P 500 quarterly trend
Technical Stock Market Timing System

The S&P 500 monthly downtrend started on December 29, 2014 at 2,093.55 and reached 1,988.12 on January 16, 2015, making 5.04% loss in two weeks.

^GSPC: S&P 500 monthly trend
Technical Stock Market Timing System

The S&P price is near 100 Day Moving Average. Williams' Percentage Range and Lane's Stochastic is overbought in a monthly time frame.

NASDAQ Composite Index
The NASDAQ Composite Index (^IXIC) ended down 122.64 points or 2.58%. The NASDAQ Composite Index quarterly uptrend started on April 15, 2014 at 3,946.03 and reached 4,814.95 on December 26, 2014, making 22.02% increase in twenty-five weeks.

^IXIC: NASDAQ Composite Index quarterly trend
Technical Stock Market Timing System

The NASDAQ Composite Index monthly downtrend started on December 26, 2014 at 4,814.95 and reached 4,563.11 on January 16, 2015, making 5.23% drop in two weeks.

The monthly Williams' Percentage Range (W%R) is strongly overbought and monthly Lane's Stochastic (%D-Slow) is overbought. Daily RSI has formed a Bullish Failure Swing. A bullish Failure Swing is a strong indication of an uptrend reversal. The daily Lane's Stochastic main line (K%) crossed below an overbought signal line (D%). The Stochastic crossover in overbought area is a sell signal. NASDAQ price is near 100 Day Moving Average.

S&P 500 Members Alerts
Almost 54% of S&P 500 component stocks have price crossed below Parabolic SAR signal. It is a highest level since April 11, 2014.

ETF's Currency Shares Aler: iShares FTSE/Xinhua China 25 Index (FXI)
For the week, the iShares FTSE/Xinhua China 25 Index (FXI) lost 2.51 points or 5.74%. It was the biggest decline recorded. The iShares FTSE/Xinhua China 25 Index quarterly uptrend started on October 02, 2014 at 36.72 and reached 43.89 on January 23, 2015, making 19.51% increase in eleven weeks.

FXI: iShares FTSE/Xinhua China 25 Index
Technical Stock Market Timing System

Monthly Williams' Percentage Range (W%R) and weekly Lane's Stochastic are overbought. Weekly Lane's Stochastic main line (K%) crossed below an overbought signal line (D%). The Stochastic crossover in overbought area is a sell signal. Daily Lane's Stochastic main line (K%) crossed below overbought signal line (D%). The FXI price is below 20 and above 50 Day Moving Average and near 50 Day Moving Average.


ETF's Select Sector SPDR Aler: Technology Select Sector SPDR (XLK)
For the week, the Technology Select Sector SPDR (XLK) ended down 1.55 points to 39.9. It was the biggest decline recorded. The volume was 64% above average. An expansion of the range and the high volume mean that there is increased interest in the stock and the price trend is expected to continue.

The Technology Select Sector SPDR quarterly uptrend started on November 16, 2012 at 27.21 and reached 42.58 on November 28, 2014, making 56.49% increase in seventy-three weeks.

XLK: Technology Select Sector SPDR
Technical Stock Market Timing System

The latest sub wave of a quarterly uptrend is forming a monthly downtrend that started on November 28, 2014 at 42.58 and reached 39.66 on January 29, 2015, making 6.86% decline in six weeks.

XLK: Technology Select Sector SPDR
Technical Stock Market Timing System

The XLK price crossed below 100 Day Moving Average. The moving average and stock price crossover is a stock trading signal. The basic interpretation is to sell when the stock price moves below its moving average. Monthly Williams' Percentage Range (W%R and Lane's Stochastic are overbought. Daily Moving Avg. Converg./Diverg. (MACD) and Lane's Stochastic have bullish divergence.

The Sector Rotation
The Materials sector was the strongest sector last week (-1.16%), followed by the Consumer Discretionary sector (-1.33%). The Technology sector was the worst performing sector of the week (-3.74%), followed by the Consumer Staples sector (-3.28%).

The Basic Materials sector is the most overvalued sector, followed by Financial, while REIT - Retail, Agricultural Chemicals, and REIT - Residential are among the most overvalued industries. The Utilities sector is the most oversold sector, followed by Technology, while Telecom Services/Domestic, Long Distance Carriers, and Data Storage Devices are among the most oversold industries.

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
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

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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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