The Greedy Trader Weekly Analysis
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Archive
- 9/5/2014
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S&P 500
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Broken trend support lineRelative Strength Index and Williams' Percentage Range are overboughtStochastic signal line moved below overbought areaLane's Stochastic bearish divergenceThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a fifth consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 4.34 points, or 0.22%, and closed at 2007.71 on Friday, September 05, 2014. Weekly volume was -14% below average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on February 10, 1995 at 479.53 and reached 2011.17 on September 4, 2014. ^GSPC gained -1531.64 points, or -319.40%, in 1020 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1210.92) 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 2011.17 on September 4, 2014. ^GSPC gained -1344.38 points, or -201.62%, in 286 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1710.62) 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly 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 weekly 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 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 2011.17 on September 4, 2014. ^GSPC gained -106.39 points, or -5.59%, in 28 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (2019.74) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since August 14, 2014. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.41
Overbought
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 75.76
Bearish
Greed/Fear Indicator (GFI) 82.09
Overbought
Moving Average Converg./Diverg. (MACD) 11.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.39
Williams' Percentage Range (W%R) 6.80
Strong Overbought
Lane's Stochastic (%D-Slow) 65.30
Bearish
Greed/Fear Indicator (GFI) 71.80
Moving Average Converg./Diverg. (MACD) 40.95
Trading Signals
Description Value Chart
Upper Bollinger Band 2035.45
Monthly Trendline Resistance 2024.64
Weekly Trendline Resistance 2021.89
Weekly Trendline Support 2019.74
Parabolic System 2010.44
Price 2007.71
Daily Stochastic Crossing 2005.06
Weekly Stochastic Crossing 1988.02
20 Day Moving Average 1979.32
50 Day Moving Average 1969.74
Monthly Trendline Support 1964.63
Lower Bollinger Band 1933.59
Quarterly Trendline Resistance 1909.86
Yearly Trendline Resistance 1835.03
Quarterly Trendline Support 1710.62
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1904.78
Low Date 08/07/2014
High 2011.17
High Date 09/04/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2021.89
Support 2019.74
Low 1904.78
Low Date 08/07/2014
High 2011.17
High Date 09/04/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2024.64
Support 1964.63
Low 1266.74
Low Date 06/04/2012
High 2011.17
High Date 09/04/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1909.86
Support 1710.62
Low 666.79
Low Date 03/06/2009
High 2011.17
High Date 09/04/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1835.03
Support 1210.92
Low 479.53
Low Date 02/10/1995
High 2011.17
High Date 09/04/2014
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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