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TrendSurfer
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Stock market technical analysis, chart trend analysis, and chart pattern recognition.
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  • Weekly Stock Market Overview - 4/1/2010
    It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 76.71 points or 0.71%. The Standard & Poor's 500 Index gained 11.51 points or 0.99%, while the Nasdaq Composite gained 7.45 points or 0.31%. Read More ...
    The Energy sector was the strongest sector (4.39%) last week followed by the Materials sector (2.46%). The Consumer Discretionary sector was the worst performing sector (0.03%) of the week followed by the Technology sector (0.26%).
    The Consumer Goods sector is the most overvalued sector followed by Healthcare, while Meat Products, Confectioners, and Auto Parts are among the most overvalued industries. The Technology sector is the most oversold sector followed by Industrial Goods, while Long Distance Carriers, Information Technlgy Svcs, and General Contractors are among the most oversold industries.
    Weekly S&P 500 Winners
    Gains/Loses(%)SymbolCompanySector
    11.94%PXDPioneer Natural Resources Co.Energy
    10.73%RDCRowan Cos.Energy
    10.03%SWNSouthwestern Energy Co.Utilities
    Weekly S&P 500 Loosers
    Gains/Loses(%)SymbolCompanySector
    -8.87%FFord MotorConsumer Discretionary
    -6.39%LENLennar Corp.Consumer Discretionary
    -5.12%PHMPulte Homes, Inc.Consumer Discretionary
    Weekly S&P 500 Alerts
    Stock Market AlertsCount
    Downtrend Exhaustion0
    Downtrend Broken Resistance 23
    Uptrend Support5
    Uptrend Exhaustion21
    Uptrend Broken Support4
    Downtrend Resistance31
    Oversold2
    Tags: SPY, QQQ, S P 500
    Apr 01 11:02 PM | Link | Comment!
  • Weekly Stock Market Overview - 3/26/2010
    It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 108.38 points or 1.01%. The Standard & Poor's 500 Index gained 6.69 points or 0.58%, while the Nasdaq Composite gained 20.72 points or 0.87%. Read More ...
    The Consumer Discretionary sector was the strongest sector (2.04%) last week followed by the Financial sector (1.98%). The Energy sector was the worst performing sector (-2.09%) of the week followed by the Utilities sector (-1.70%).
    The Financial sector is the most overvalued sector followed by Utilities, while REIT - Hotel/Motel, Regional-Pacific Banks, and REIT - Residential are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Healthcare, while Oil & Gas Drilling/Explor, Aluminum, and Major Integrated Oil/Gas are among the most oversold industries.
    Weekly S&P 500 Winners
    Gains/Loses(%)SymbolCompanySector
    13.59%LENLennar Corp.Consumer Discretionary
    11.33%CLFCleveland-CliffsMaterials
    10.51%CCitigroup Inc.Financials
    Weekly S&P 500 Loosers
    Gains/Loses(%)SymbolCompanySector
    -10.76%GENZGenzyme Corp.Health Care
    -5.98%NOVNational Oilwell Varco, Inc.Energy
    -5.85%PEGPublic Serv. Enterprise Inc.Utilities
    Weekly S&P 500 Alerts
    Stock Market AlertsCount
    Downtrend Exhaustion1
    Downtrend Broken Resistance 24
    Uptrend Support8
    Uptrend Exhaustion17
    Uptrend Broken Support6
    Downtrend Resistance29
    Oversold8
    Tags: SPY, QQQ, S P 500
    Mar 26 11:04 PM | Link | Comment!
  • Dow Jones Elliott Wave count
    It was a third consecutive positive week for the Dow Jones (^DJI). During the week, the ^DJI gained 117.29 points, or 1.10%, and closed at 10741.98 on Friday, March 19, 2010. Weekly volume was -15% below average. Read More ...

    On Thursday, March 18th Dow Jones reached 10821.49. It is the highest level since November 2008. ^DJI gained -4381.41 points, or -68.03%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The fifth sub wave is in progress now. The trend support level is at 10442.03 and resistance is at 11336.82. Weekly Williams' Percentage Range is strongly overbought.
     
    Dow Jones Industrial Average - medium-term trend
    Technical Stock Market Timing System
    A short-term uptrend had started on February 5, 2010 at 9835.09 and reached 10821.49 on March 18, 2010. ^DJI gained -986.40 points, or -10.03%, in 41 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 10550.41, and resistance is at 10811.74. Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. A short-term uptrend has formed a three wave structure. The third wave is near completion. Friday's decline may mark the beginning of the fourth sub wave.
     
    Dow Jones Industrial Average - short-term trend
    Technical Stock Market Timing System
    The summary of the medium-term uptrend wave analysis: the third sub wave of the fifth wave up is in near completion. The risk of a medium-term trend reversal is high.
    Tags: SPY
    Mar 21 6:07 PM | Link | Comment!
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