The Greedy Trader Weekly Analysis
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Archive
- 7/3/2014
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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 and Lane's Stochastic are strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger BandTrend resistance at 1986.50
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 24.48 points, or 1.25%, and closed at 1985.44 on Thursday, July 03, 2014. Weekly volume was -12% 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 1985.59 on July 3, 2014. ^GSPC gained -1506.06 points, or -314.07%, in 1011 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1204.85) 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 1985.59 on July 3, 2014. ^GSPC gained -1318.80 points, or -197.78%, in 277 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1676.90) 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 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 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 1985.59 on July 3, 2014. ^GSPC gained -171.23 points, or -9.44%, in 83 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (1986.50). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 80.37
Overbought
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 84.82
Overbought
Greed/Fear Indicator (GFI) 82.98
Overbought
Moving Average Converg./Diverg. (MACD) 15.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.98
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 94.84
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 84.43
Overbought
Moving Average Converg./Diverg. (MACD) 40.44 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 1986.50
Price 1985.44
Daily Stochastic Crossing 1979.96
Upper Bollinger Band 1979.26
Weekly Stochastic Crossing 1977.92
Monthly Trendline Resistance 1974.92
Weekly Trendline Support 1959.05
Parabolic System 1957.82
20 Day Moving Average 1955.23
Lower Bollinger Band 1926.12
Monthly Trendline Support 1917.91
50 Day Moving Average 1917.62
Quarterly Trendline Resistance 1867.04
Yearly Trendline Resistance 1803.35
Quarterly Trendline Support 1676.90
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1862.36
Low Date 05/15/2014
High 1985.59
High Date 07/03/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 1986.50
Support 1959.05
Low 1814.36
Low Date 04/11/2014
High 1985.59
High Date 07/03/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1974.92
Support 1917.91
Low 1266.74
Low Date 06/04/2012
High 1985.59
High Date 07/03/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1867.04
Support 1676.90
Low 666.79
Low Date 03/06/2009
High 1985.59
High Date 07/03/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1803.35
Support 1204.85
Low 479.53
Low Date 02/10/1995
High 1985.59
High Date 07/03/2014
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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