The Greedy Trader Weekly Analysis
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Archive
- 8/8/2014
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S&P 500
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Summary:
Weekly :Stochastic signal line moved below overbought areaRelative Strength Index, Lane's Stochastic and MACD bearish divergenceWeekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldA Parabolic SAR indicator is below and near the price
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 6.44 points, or 0.33%, and closed at 1931.59 on Friday, August 08, 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 1991.39 on July 24, 2014. ^GSPC gained -1511.86 points, or -315.28%, in 1014 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1208.30) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 1991.39 on July 24, 2014. ^GSPC gained -1324.60 points, or -198.65%, in 280 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1696.06) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD 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 Relative Strength Index help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term downtrend had started on July 24, 2014 at 1991.39 and reached 1904.78 on August 7, 2014. ^GSPC lost 86.61 points, or 4.35%, in 14 days. The price is now at the 30.95% retracement level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since July 7, 2014. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

A Parabolic SAR (stop and reversal) indicator (1943.95) comes close to the price (1931.59). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.39
Williams' Percentage Range (W%R) 93.60
Strong Oversold
Lane's Stochastic (%D-Slow) 17.98
Oversold
Greed/Fear Indicator (GFI) 19.93
Oversold
Moving Average Converg./Diverg. (MACD) -3.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.99
Bearish
Williams' Percentage Range (W%R) 45.80
Lane's Stochastic (%D-Slow) 68.77
Bearish
Greed/Fear Indicator (GFI) 59.12
Moving Average Converg./Diverg. (MACD) 43.58 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2005.08
Upper Bollinger Band 2000.49
Weekly Stochastic Crossing 1960.40
20 Day Moving Average 1958.71
50 Day Moving Average 1955.33
Monthly Trendline Support 1954.18
Parabolic System 1943.95
Price 1931.59
Daily Stochastic Crossing 1915.85
Lower Bollinger Band 1896.91
Quarterly Trendline Resistance 1888.67
Yearly Trendline Resistance 1815.82
Quarterly Trendline Support 1696.06
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1991.39
High Date 07/24/2014
Low 1904.78
Low Date 08/07/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1991.39
High Date 07/24/2014
Low 1904.78
Low Date 08/07/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2005.08
Support 1954.18
Low 1266.74
Low Date 06/04/2012
High 1991.39
High Date 07/24/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1888.67
Support 1696.06
Low 666.79
Low Date 03/06/2009
High 1991.39
High Date 07/24/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1815.82
Support 1208.30
Low 479.53
Low Date 02/10/1995
High 1991.39
High Date 07/24/2014
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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