Trend Rules

Stock market, S&P 500 index, SPY, QQQQ and Nasdaq trends and technical analysis including technical indicators, chart patterns, channeling, stock market timing, technical alerts and stock pick.

Sunday, August 30, 2015

ETF's Commodity Alert - United States Oil (USO) ended up 1.65 points, or 12.47%

Weekly Stock Market Overview
It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 183.26 points or 1.11%. The Standard & Poor's 500 Index gained 17.98 points or 0.91%, while the Nasdaq Composite gained 122.28 points or 2.60%. Read More ...

The S&P 500 (^GSPC) rose 17.98 points to 1988.87.
The S&P 500 weekly downtrend started on July 20, 2015 at 2,132.82 and reached 1,867.01 on August 24, 2015, making 12.46% loss in five weeks.
^DJI: Dow Jones Industrial Average

Volume was 63% above average. Volatility was 210% above average. The chart has formed a daily bearish Advance Block candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Lane's Stochastic is overbought in a monthly time frame. Lane's Stochastic has bearish divergence in a monthly time frame.

S&P 500 Members Alerts
Almost 24% of S&P 500 component stocks have weekly lane's stochastic main line (k%) crossed above oversold signal line (d%). It is a highest level since June 08, 2012. More than 52% of S&P 500 component stocks have daily lane's stochastic main line (k%) crossed above oversold signal line (d%). It is a highest level since December 19, 2014.
The stochastic crossover in oversold area is considered a buy signal. The chart below shows how the weekly lane's stochastic main line (k%) crossed above oversold signal line (d%) on June 08, 2012 signals the S&P 500 downtrend reversal. The S&P 500 index monthly uptrend started on June 04, 2012 at 1,266.74 and reached 1,474.51 on September 14, 2012, making 16.40% gain in ten weeks.
^GSPC: S&P 500 Index

ETF's Commodity Alert
For the week the United States Oil (USO) ended up 1.65 points, or 12.47%, to 14.88. The United States Oil weekly downtrend started on June 02, 2015 at 20.80 and reached 12.37 on August 24, 2015, making 40.53% loss in twelve weeks.
USO: United States Oil
It was the biggest advance recorded. Volume was 269% above average. USO has a selling climax signal. Price rises above Parabolic SAR. USO price is below 50 and above 20 Day Moving Average. Williams' Percentage Range is strongly oversold in a monthly time frame and oversold in a weekly time frame. Lane's Stochastic is strongly oversold in a weekly time frame and oversold in a monthly time frame.
USO: United States Oil

Sector Rotation
The Energy Select Sector SPDR sector was the strongest sector (3.54%) last week followed by the Technology Select Sector SPDR sector (2.63%). The Utilities Select Sector SPDR sector was the worst performing sector (-4.22%) of the week followed by the Consumer Staples Select Sector SPDR sector (-0.15%).


The Industrial Goods sector is the most overvalued sector followed by Utilities, while Waste Management, Residential Construction, and Aerospace/Defense-Maj Dvd are among the most overvalued industries. The Services sector is the most oversold sector followed by Conglomerates, while Publishing - Newspapers, Broadcasting - TV, and Department Stores are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
47.76% CAM Cameron International Energy
34.27% BTU Peabody Energy Corp Materials
26.54% GAS NICOR Inc. Utilities


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-14.87% POM Pepco Holdings Inc. Utilities
-8.19% ADSK Autodesk, Inc. Information Technology
-7.06% CTXS Citrix Systems Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 11
Uptrend Support 5
Uptrend Exhaustion 0
Uptrend Broken Support 1
Downtrend Resistance 2
Oversold 15

Friday, August 07, 2015

For the week the Dow Jones Industrial Average dropped -316.48 points or -1.79%.

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -316.48 points or -1.79%. The Standard & Poor's 500 Index dropped -26.27 points or -1.25%, while the Nasdaq Composite dropped -84.74 points or -1.65%. More than 12% of S&P 500 component stocks have an above average volatility. It is a highest level since December 19, 2014. Read More ...
ETF's Indices Alert
During the past week iShares MSCI Japan Index (EWJ) advanced 0.01 points, or 0.08%, to 12.94.
EWJ: iShares MSCI Japan Index
Volatility was 56% below average. Volatility is a measure for variation of price of a stock over time. Chart has formed a daily bearish Downside Tasuki Gap candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. EWJ price is near 100 Day Moving Average. Williams' Percentage Range, and Lane's Stochastic is overbought in a monthly time frame.
EWJ: iShares MSCI Japan Index


The Utilities Select Sector SPDR sector was the strongest sector (0.91%) last week followed by the Financial Select Sector SPDR sector (-0.04%). The Energy Select Sector SPDR sector was the worst performing sector (-3.39%) of the week followed by the Consumer Discretionary Select Sector SPDR sector (-2.42%).


The Healthcare sector is the most overvalued sector followed by Utilities, while Drug Delivery, Drug Manufacturers/Other, and Medical Instruments/Supls are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Financial, while Gold, Industrial Metals/Mineral, and Aluminum are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.19% NVDA NVIDIA Corp. Information Technology
9.53% FTR Frontier Communications Telecommunications Services
8.11% AVP Avon Products Consumer Staples


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-20.23% VIAB Viacom Inc. Consumer Discretionary
-19.16% TDC Teradata Corp. Telecommunications Services
-14.41% PWR Quanta Services Inc. Industrials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 31
Downtrend Broken Resistance 32
Uptrend Support 16
Uptrend Exhaustion 8
Uptrend Broken Support 1
Downtrend Resistance 20
Oversold 42

Friday, July 31, 2015

Almost 18% of S&P 500 component stocks have an above average weekly volume

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 121.33 points or 0.69%. The Standard & Poor's 500 Index gained 24.19 points or 1.16%, while the Nasdaq Composite gained 39.65 points or 0.78%. Read More ...
Almost 18% of S&P 500 component stocks have an above average weekly volume. It is a highest level since February 06, 2015. Almost 18% of S&P 500 component stocks have weekly lane's stochastic main line (k%) crossed above oversold signal line (d%). It is a highest level since October 17, 2014.
The stochastic crossover in oversold area is considered a buy signal. Chart below shows how the weekly lane's stochastic main line (k%) crossed above oversold signal line (d%) on October 17, 2014 signals the S&P 500 downtrend reversal. The S&P 500 index weekly uptrend started on October 15, 2014 at 1,820.66 and reached 2,093.55 on December 29, 2014, making 14.99% gain in seven weeks.
^GSPC: S&P 500 Index


The Utilities Select Sector SPDR sector was the strongest sector (3.92%) last week followed by the Industrial Select Sector SPDR sector (2.50%). The Energy Select Sector SPDR sector was the worst performing sector (-0.19%) of the week followed by the Financial Select Sector SPDR sector (0.36%).


The Healthcare sector is the most overvalued sector followed by Financial, while Drug Delivery, Hospitals, and Drug Manufacturers/Other are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Basic Materials, while Aluminum, Industrial Metals/Mineral, and Copper are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
19.82% X United States Steel Corp. Materials
13.84% CCE Coca-Cola Enterprises Consumer Staples
12.92% MAS Masco Corp. Industrials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-15.09% MYL Mylan Inc. Health Care
-9.97% WFM Whole Foods Market Consumer Staples


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 7
Downtrend Broken Resistance 30
Uptrend Support 13
Uptrend Exhaustion 5
Uptrend Broken Support 0
Downtrend Resistance 32
Oversold 30

Saturday, July 25, 2015

The S&P 500 (^GSPC) price is near 200 Day Moving Average

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -517.92 points or -2.86%. The Standard & Poor's 500 Index dropped -46.99 points or -2.21%, while the Nasdaq Composite dropped -121.51 points or -2.33%. Read More ...
The S&P 500 (^GSPC) slid 46.99 points, or 2.21%, to 2079.65. Monthly Lane's Stochastic is overbought and Monthly Williams' Percentage Range (W%R) is strongly overbought. Daily Lane's Stochastic main line (K%) crossed below overbought signal line (D%). The Stochastic crossover in overbought area is a sell signal. ^GSPC price is near 200 Day Moving Average. The 200 Day Moving Average is often acts as a support or resistance level for trading. The S&P 500 weekly uptrend started on July 07, 2015 at 2,044.02 and reached 2,132.82 on July 20, 2015, making 4.34% increase in nine business days.

The Consumer Discretionary Select Sector SPDR sector was the strongest sector (-0.38%) last week followed by the Consumer Staples Select Sector SPDR sector (-0.78%). The Materials Select Sector SPDR sector was the worst performing sector (-5.41%) of the week followed by the Energy Select Sector SPDR sector (-4.04%).


The Services sector is the most overvalued sector followed by Healthcare, while Specialty Eateries, Drug Delivery, and General Entertainment are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Utilities, while Aluminum, Industrial Metals/Mineral, and Gold are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
11.64% SNDK SanDisk Corp. Information Technology
4.98% BCR Bard (C.R.) Inc. Health Care
4.75% HOG HarleyDavidson Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-25.86% BIIB BIOGEN IDEC INC Health Care
-22.61% FCX Freeport-McMoran Cp & Gld Materials
-16.35% ATI Allegheny Technologies Inc Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 53
Downtrend Broken Resistance 32
Uptrend Support 18
Uptrend Exhaustion 6
Uptrend Broken Support 1
Downtrend Resistance 14
Oversold 63

Friday, July 17, 2015

Weekly Stock Market Overview - July 17, 2015

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 326.04 points or 1.84%. The Standard & Poor's 500 Index gained 50.02 points or 2.41%, while the Nasdaq Composite gained 212.44 points or 4.25%. Read More ...


The Technology Select Sector SPDR sector was the strongest sector (4.83%) last week followed by the Financial Select Sector SPDR sector (3.04%). The Energy Select Sector SPDR sector was the worst performing sector (-1.43%) of the week followed by the Materials Select Sector SPDR sector (-0.08%).


The Services sector is the most overvalued sector followed by Healthcare, while Specialty Eateries, Music & Video Stores, and Drug Stores are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Aluminum, Industrial Metals/Mineral, and Major Integrated Oil/Gas are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.40% TE TECO Energy Utilities
14.51% MU Micron Technology Information Technology
9.13% VRTX Vertex Pharmaceuticals Health Care


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-19.38% BTU Peabody Energy Corp Materials
-10.97% RDC Rowan Cos. Energy
-9.07% ATI Allegheny Technologies Inc Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 23
Downtrend Broken Resistance 21
Uptrend Support 13
Uptrend Exhaustion 14
Uptrend Broken Support 1
Downtrend Resistance 42
Oversold 36

Friday, June 19, 2015

Weekly Stock Market Overview - June 19, 2015

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 117.11 points or 0.65%. The Standard & Poor's 500 Index gained 15.88 points or 0.76%, while the Nasdaq Composite gained 65.90 points or 1.30%. Read More ...


The Health Care Select Sector SPDR sector was the strongest sector (1.71%) last week followed by the Consumer Staples Select Sector SPDR sector (1.25%). The Energy Select Sector SPDR sector was the worst performing sector (-1.35%) of the week followed by the Financial Select Sector SPDR sector (-1.20%).


The Services sector is the most overvalued sector followed by Healthcare, while Music & Video Stores, Specialty Eateries, and Drug Delivery are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Utilities, while Aluminum, Industrial Metals/Mineral, and Water Utilities are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
13.80% CAG ConAgra Foods, Inc. Consumer Staples
13.07% CI CIGNA Corp. Health Care
9.43% EW Edwards Lifesciences Corp Health Care


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-6.71% NE Noble Corp Energy
-6.38% JBL Jabil Circuit Information Technology
-6.30% RIG Transocean Energy


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 17
Uptrend Support 15
Uptrend Exhaustion 6
Uptrend Broken Support 3
Downtrend Resistance 25
Oversold 8

Friday, June 12, 2015

Weekly Stock Market Overview - June 12, 2015

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 49.38 points or 0.28%. The Standard & Poor's 500 Index gained 1.28 points or 0.06%, while the Nasdaq Composite dropped -17.36 points or -0.34%. Read More ...


The Financial Select Sector SPDR sector was the strongest sector (1.01%) last week followed by the Consumer Staples Select Sector SPDR sector (0.99%). The Energy Select Sector SPDR sector was the worst performing sector (-0.93%) of the week followed by the Technology Select Sector SPDR sector (-0.65%).


The Services sector is the most overvalued sector followed by Consumer Goods, while Music & Video Stores, Home Furnishings/Fixtures, and Rubber & Plastics are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Technology, while Water Utilities, Technical/System Software, and Semiconductr-Memory Chips are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
8.48% CTXS Citrix Systems Information Technology
7.80% LLY Lilly (Eli) & Co. Health Care
5.04% DRI Darden Restaurants Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-20.94% BTU Peabody Energy Corp Materials
-9.11% NEM Newmont Mining Corp. (Hldg. Co.) Materials
-8.73% REGN Regeneron Health Care


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 6
Downtrend Broken Resistance 14
Uptrend Support 30
Uptrend Exhaustion 4
Uptrend Broken Support 5
Downtrend Resistance 7
Oversold 44

Friday, June 05, 2015

Weekly Stock Market Overview - June 5, 2015

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -161.22 points or -0.90%. The Standard & Poor's 500 Index dropped -14.56 points or -0.69%, while the Nasdaq Composite dropped -1.57 points or -0.03%. Read More ...


The Financial Select Sector SPDR sector was the strongest sector (0.77%) last week followed by the Consumer Discretionary Select Sector SPDR sector (0.29%). The Utilities Select Sector SPDR sector was the worst performing sector (-4.00%) of the week followed by the Consumer Staples Select Sector SPDR sector (-2.46%).


The Financial sector is the most overvalued sector followed by Services, while Music & Video Stores, Investmnt Brokerage-Natl, and Regional-Pacific Banks are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Utilities, while Water Utilities, Electric Utilities, and Diversified Utilities are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
10.25% ZION Zions Bancorp Financials
9.36% PVH PVH Corp. Consumer Discretionary
5.70% URBN Urban Outfitters Inc. Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-10.83% PPL PPL Corp. Utilities
-7.60% INTC Intel Corp. Information Technology
-6.91% CMS CMS Energy Utilities


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 7
Downtrend Broken Resistance 14
Uptrend Support 54
Uptrend Exhaustion 2
Uptrend Broken Support 3
Downtrend Resistance 1
Oversold 46

Friday, May 29, 2015

Weekly Stock Market Overview - May 29, 2015

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -221.34 points or -1.21%. The Standard & Poor's 500 Index dropped -18.67 points or -0.88%, while the Nasdaq Composite dropped -19.33 points or -0.38%. Read More ...


The Health Care Select Sector SPDR sector was the strongest sector (-0.05%) last week followed by the Utilities Select Sector SPDR sector (-0.16%). The Energy Select Sector SPDR sector was the worst performing sector (-2.26%) of the week followed by the Industrial Select Sector SPDR sector (-1.92%).


The Industrial Goods sector is the most overvalued sector followed by Technology, while Small Tools & Accessories, Semiconductor-Intgrtd Circ, and Multimedia/Graphics Sftwr are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Utilities, while Water Utilities, Aluminum, and Industrial Metals/Mineral are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
20.30% BRCM Broadcom Corporation Information Technology
19.92% HUM Humana Inc. Health Care
7.85% TIF Tiffany & Co. Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-9.45% FOSL Fossil, Inc. Consumer Discretionary
-8.56% RDC Rowan Cos. Energy
-6.89% BTU Peabody Energy Corp Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 7
Downtrend Broken Resistance 27
Uptrend Support 28
Uptrend Exhaustion 3
Uptrend Broken Support 4
Downtrend Resistance 9
Oversold 15

Friday, May 22, 2015

Weekly Stock Market Overview - May 22, 2015

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -40.54 points or -0.22%. The Standard & Poor's 500 Index gained 3.33 points or 0.16%, while the Nasdaq Composite gained 41.07 points or 0.81%. Read More ...


The Health Care Select Sector SPDR sector was the strongest sector (0.97%) last week followed by the Technology Select Sector SPDR sector (0.67%). The Consumer Staples Select Sector SPDR sector was the worst performing sector (-1.01%) of the week followed by the Materials Select Sector SPDR sector (-0.76%).


The Industrial Goods sector is the most overvalued sector followed by Services, while Music & Video Stores, Small Tools & Accessories, and Aerospace/Defense-Prd/Svc are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Utilities, while Aluminum, Water Utilities, and Industrial Metals/Mineral are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
11.14% DGX Quest Diagnostics Health Care
7.16% THC Tenet Healthcare Corp. Health Care
7.03% NFX Newfield Exploration Co Energy


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-15.38% BTU Peabody Energy Corp Materials
-12.01% LUV Southwest Airlines Industrials
-12.00% URBN Urban Outfitters Inc. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 4
Downtrend Broken Resistance 21
Uptrend Support 10
Uptrend Exhaustion 7
Uptrend Broken Support 0
Downtrend Resistance 14
Oversold 9