The Greedy Trader Weekly Analysis
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Archive
- 6/27/2014
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S&P 500
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the price
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It was the first negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -1.91 points, or -0.10%, and closed at 1960.96 on Friday, June 27, 2014. Weekly volume was -7% 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 1968.17 on June 24, 2014. ^GSPC gained -1488.64 points, or -310.44%, in 1010 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1204.29) 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 1968.17 on June 24, 2014. ^GSPC gained -1301.38 points, or -195.17%, in 276 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1673.84) 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 Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 30, 2014. This is an indication that the medium-term trend is up. 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 April 11, 2014 at 1814.36 and reached 1968.17 on June 24, 2014. ^GSPC gained -153.81 points, or -8.48%, in 74 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 1950.76 and resistance is at 1977.96. 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 technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (1943.46) comes close to the price (1960.96). 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) 55.88
Williams' Percentage Range (W%R) 22.20
Lane's Stochastic (%D-Slow) 76.42
Greed/Fear Indicator (GFI) 70.02
Moving Average Converg./Diverg. (MACD) 15.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.82
Bearish
Williams' Percentage Range (W%R) 5.00
Strong Overbought
Lane's Stochastic (%D-Slow) 95.15
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 82.31
Overbought
Moving Average Converg./Diverg. (MACD) 39.59 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 1977.96
Monthly Trendline Resistance 1969.29
Upper Bollinger Band 1967.88
Weekly Stochastic Crossing 1962.00
Price 1960.96
Daily Stochastic Crossing 1959.91
Weekly Trendline Support 1950.76
20 Day Moving Average 1946.43
Parabolic System 1943.46
Lower Bollinger Band 1917.42
Monthly Trendline Support 1913.10
50 Day Moving Average 1909.58
Quarterly Trendline Resistance 1859.37
Yearly Trendline Resistance 1794.04
Quarterly Trendline Support 1673.84
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1968.17
High Date 06/24/2014
Low 1944.69
Low Date 06/26/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 1977.96
Support 1950.76
Low 1814.36
Low Date 04/11/2014
High 1968.17
High Date 06/24/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 1969.29
Support 1913.10
Low 1266.74
Low Date 06/04/2012
High 1968.17
High Date 06/24/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1859.37
Support 1673.84
Low 666.79
Low Date 03/06/2009
High 1968.17
High Date 06/24/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1794.04
Support 1204.29
Low 479.53
Low Date 02/10/1995
High 1968.17
High Date 06/24/2014
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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