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Stock Market Trend Analysis Newsletter.
Third consecutive negative week for the Dow Jones

Major US indices
It was a negative week for all three major US indices. Major US indices have Lane's Stochastic overbought in a monthly and weekly time frames and oversold in a daily time frame.

It was the third consecutive negative week for the Dow Jones Industrial Average (^DJI). Dow Jones lost 107.47 points, or 0.60%, to 17749.31. The chart has formed a daily bearish Harami candlestick pattern. It shows that the bull's upward drive has weakened, and a trend reversal is possible now. The reliability of the Bearish Harami pattern is low. ^DJI price is near 100 Day Moving Average. The 100 Day Moving Average is often acts as a support or resistance level for trading. Monthly and weekly Williams' Percentage Range (W%R) are overbought.

The Dow Jones Industrial Average quarterly uptrend started on November 16, 2012 at 12,471.49 and reached 18,288.63 on March 02, 2015, making 46.64% increase in nineteen months.

^DJI: Dow Jones Industrial Average
The Dow Jones monthly uptrend started on February 02, 2015 at 17,037.76 and reached 18,288.63 on March 02, 2015, making 7.34% increase in nineteen business days.

^DJI: Dow Jones Industrial Average

The Standard & Poor's 500 index (^GSPC) lost 17.86 points, or 0.86% during the past week. It was the third consecutive negative week for the ^GSPC. The price is near 100 Day Moving Average.

Monthly Williams' Percentage Range (W%R) is strongly overbought. This might foreshadow yearly and quarterly uptrend reversals. The S&P 500 quarterly uptrend started on November 16, 2012 at 1,343.35 and reached 2,119.59 on February 25, 2015, making 57.78% advance in nineteen months.

^GSPC: S&P 500

The S&P 500 monthly uptrend started on February 02, 2015 at 1,980.90 and reached 2,119.59 on February 25, 2015, making 7.00% increase in sixteen business days.

^GSPC: S&P 500

Daily Lane's Stochastic main line (K%) crossed above oversold signal line (D%). The stochastic crossover in oversold area is considered a buy signal.

The NASDAQ Composite Index (^IXIC) sank 55.61 points to 4871.76. Williams' Percentage Range (W%R) is strongly overbought in monthly and overbought in weekly time frame. Daily Lane's Stochastic main line (K%) crossed above oversold signal line (D%). ^IXIC price is below 20 and above 50 Day Moving Average.

The NASDAQ Composite Index quarterly uptrend started on April 15, 2014 at 3,946.03 and reached 5,008.57 on March 02, 2015, making 26.93% increase in forty four weeks.

^IXIC: NASDAQ Composite Index
NASDAQ monthly uptrend started on January 16, 2015 at 4,563.11 and reached 5,008.57 on March 02, 2015, making 9.76% gain in six weeks.

^IXIC: NASDAQ Composite Index

S&P 500 Members Alerts
More than 12% of S&P 500 component stocks have strongly oversold daily Lane's Stochastic. It is a highest level since December 12, 2014. Almost 40% of S&P 500 component stocks have oversold daily Lane's Stochastic. It is a highest level since November 16, 2012.

The chart below shows how the Lane's Stochastic signals the S&P 500 downtrend reversal on December 12, 2014. The S&P 500 index monthly uptrend started on November 16, 2012 at 1,343.35 and reached 2,119.59 on February 25, 2015, making 57.78% advance in eighty one weeks.

^GSPC: S&P 500 Index

ETF's Indices Alert
During the past week, iShares MSCI Japan Index (EWJ) increased 0.17 points, or 1.38%, to 12.48. The price has reached its highest level since July 2008. It is above the Parabolic SAR and above 20 and 50 Day Moving Average.

Monthly, weekly, and daily Williams' Percentage Range (W%R) and weekly Lane's Stochastic are strongly overbought. Daily Lane's Stochastic (%D-Slow) has bearish divergence. Divergences in the Lane's Stochastic can be used to foreshadow reversals.

The iShares MSCI Japan Index monthly uptrend started on January 06, 2015 at 10.89 and reached 12.49 on March 13, 2015, making 14.69% gain in nine weeks.

EWJ: iShares MSCI Japan Index


ETF's Currency Shares Alert
For the week the Euro Currency Trust (FXE) ended down 3.67 points, or 3.44%, to 103.08. It was the biggest slide recorded. The volume was 222% above average. This is a sign that there may be a significant move to come. The volatility was 223% above average. The volatility is a measure of risk. FXE price is below 20 and 50 Day Moving Average.

Relative Strength Index is oversold in monthly, weekly, and daily time frames. Lane's Stochastic is strongly oversold in monthly, weekly, and daily time frames. Williams' Percentage Range is strongly oversold in monthly and weekly time frames and oversold in a daily time frame.

FXE: Euro Currency Trust

Sector Rotation
The Health Care sector was the strongest sector last week (0.56%), followed by the Financial sector (0.37%). The Energy sector was the worst performing sector of the week (-2.80%), followed by the Technology sector (-2.12%).

The Services sector is the most overvalued sector, followed by Industrial Goods, while Publishing - Newspapers, Aerospace/Defense-Prd/Svc, and Specialty Eateries are among the most overvalued industries. The Basic Materials sector is the most oversold sector, followed by Utilities, while Aluminum, Electric Utilities, and Industrial Metals/Mineral are among the most oversold industries.

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
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

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