The Greedy Trader Weekly Analysis
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Archive
- 9/19/2014
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S&P 500
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index and Lane's Stochastic bearish divergence
Daily :Williams' Percentage Range is overboughtLane's Stochastic bearish divergenceThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 24.86 points, or 1.25%, and closed at 2010.40 on Friday, September 19, 2014. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on February 10, 1995 at 479.53 and reached 2019.26 on September 19, 2014. ^GSPC gained -1539.73 points, or -321.09%, in 1023 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1212.31) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on March 6, 2009 at 666.79 and reached 2019.26 on September 19, 2014. ^GSPC gained -1352.47 points, or -202.83%, in 289 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1718.29) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic 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. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 1, 2014. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term uptrend had started on August 7, 2014 at 1904.78 and reached 2019.26 on September 19, 2014. ^GSPC gained -114.48 points, or -6.01%, in 43 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 2001.16 and resistance is at 2026.92. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

The daily MACD line is below its signal line since September 8, 2014. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (1.44%) is close to one year low (1.78%). It is 65.49% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.11
Williams' Percentage Range (W%R) 16.00
Overbought
Lane's Stochastic (%D-Slow) 65.39
Bearish
Greed/Fear Indicator (GFI) 67.84
Moving Average Converg./Diverg. (MACD) 8.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.03
Bearish
Williams' Percentage Range (W%R) 4.10
Strong Overbought
Lane's Stochastic (%D-Slow) 88.81
Overbought Bearish
Greed/Fear Indicator (GFI) 80.06
Overbought
Moving Average Converg./Diverg. (MACD) 40.57
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2036.24
Weekly Trendline Resistance 2026.92
Price 2010.40
Daily Stochastic Crossing 2010.05
Weekly Stochastic Crossing 2008.07
Upper Bollinger Band 2007.89
Weekly Trendline Support 2001.16
20 Day Moving Average 1998.50
Parabolic System 1983.08
Lower Bollinger Band 1978.91
Monthly Trendline Support 1976.49
50 Day Moving Average 1975.43
Quarterly Trendline Resistance 1916.86
Yearly Trendline Resistance 1837.18
Quarterly Trendline Support 1718.29
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1978.48
Low Date 09/15/2014
High 2019.26
High Date 09/19/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2026.92
Support 2001.16
Low 1904.78
Low Date 08/07/2014
High 2019.26
High Date 09/19/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2036.24
Support 1976.49
Low 1266.74
Low Date 06/04/2012
High 2019.26
High Date 09/19/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1916.86
Support 1718.29
Low 666.79
Low Date 03/06/2009
High 2019.26
High Date 09/19/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1837.18
Support 1212.31
Low 479.53
Low Date 02/10/1995
High 2019.26
High Date 09/19/2014
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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