Sunday, December 30, 2007

QQQQ Trend Analysis - 12/28/2007

It was a positive week for the QQQQ. The QQQQ raised 0.02% for the week.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI):		46.85
William"s Percentage Range (W%R):	21.6
Lane"s Stochastic (%D-Slow):		83.80Relative Strength Index (RSI):		50.27
William"s Percentage Range (W%R):	20.8
Lane"s Stochastic (%D-Slow):		39.68Pattern:	DownTrend
High: 		52.84 - 12/11/07
Low:  		49.18 - 12/18/07
Current Price:	51.86Pattern:	Broadening Right-Angled, Descending Wedge
Status:		Valid
Low:  		48.65 - 11/12/07
High: 		52.84 - 12/11/07
Support:	49.56 (± 0.38)
Resistance:	53.73 (± 0.38)
Current Price:	51.86Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	51.86Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	51.86Pattern:	Broadening Ascending Wedges
Status:		Testing Resistance
Low:  		32.35 - 08/13/04
High: 		55.07 - 10/31/07
Support:	41.85 (± 0.90)
Resistance:	51.89 (± 0.90)
Current Price:	51.86
QQQQ Long-term perspective:
Our long-term perspective has not changed. The QQQQ has turned down from the long-term rising channel resistance. Weekly technical indicators are neutral. Long-term uptrend looks complete or near completion, and a long-term trend reversal is in progress.
QQQQ - Long-Term Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
The QQQQ has spent several weeks around the support line. The Lane's Stochastic (%D-Slow) is in overbought area. It makes the support line much weaker and lower the chances for a strong upturn. We don't expect big changes on New Year Eve, but in the next several weeks market might be ready to make a decision and either break the support line or move up toward the weekly trend resistance around 56.
QQQQ - Medium-Term Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.

Weekly Market Overview - 12/28/2007

All the major US indices were negative. For the week the Dow Jones Industrial Average gave back 84.78 points, or 0.63%. The Standard & Poor's 500 Index lost 5.97 points, or 0.40%, while the Nasdaq Composite gave back 17.53 points, or 0.65%.

For a forth week in a row the Energy was the strongest sector. The Energy sector represents more then 12% of the S&P 500 index. It is up more than 23% YTD compared to a 4.24% gain for the S&P 500.

The S&P analysts have a neutral fundamental outlook for the Energy sector. They are expecting the near-term decline in oil prices and below-market PE growth in 2008. The Energy sector's PE projected five-year EPS growth rate (PEG) ratio of 1 time is below the S&P's 1.1 times.

The technical indicators of the S&P 500 Energy sector are negative. The sector could see a 10% to 15% correction over the next couple of months. The Energy has been in an uptrend since the beginning of the year. The technical outlook for crude oil has deteriorated and a sharp correction is possible over the coming months.

The worse performing sector of the week was the Health Care sector followed by the Financial sector. For the third consecutive week the Basic Materials sector is the most overvalued sector followed by Utilities, while Industrial Metals/Mineral, Major Integrated Oil/Gas, and Independent Oil & Gas are among the most overvalued industries.

The Financial sector is the most oversold sector followed by Services while Regional-Pacific Banks, Wholesale Other, and Specialty Eateries are among the most oversold industries.
Presented by www.thegreedytrader.com Research Group.

Sunday, December 16, 2007

QQQQ Trend Analysis - 12/14/2007

It was a negative week for the QQQQ. The QQQQ lost 2.6% for the week. It was a biggest percentage drop since 11/9/2007.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI):		62.27
William"s Percentage Range (W%R):	43.9
Lane"s Stochastic (%D-Slow):		51.63Relative Strength Index (RSI):		51.29
William"s Percentage Range (W%R):	27.4
Lane"s Stochastic (%D-Slow):		32.68Pattern:	DownTrend
High: 		52.84 - 12/11/07
Low:  		50.89 - 12/12/07
Current Price:	50.97Pattern:	Broadening Right-Angled, Descending Wedge
Status:		Valid
Low:  		48.65 - 11/12/07
High: 		52.84 - 12/11/07
Support:	49.31 (± 0.33)
Resistance:	53.02 (± 0.33)
Current Price:	50.97Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	50.97Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	50.97Pattern:	Broadening Ascending Wedges
Status:		Valid
Low:  		32.35 - 08/13/04
High: 		55.07 - 10/31/07
Support:	41.75 (± 0.90)
Resistance:	51.72 (± 0.90)
Current Price:	50.97
QQQQ Long-term perspective:
Our long-term perspective has not changed. The QQQQ has turned down from the long-term rising channel resistance. Weekly technical indicators are neutral. Long-term uptrend looks complete or near completion, and a long-term trend reversal is in progress.
QQQQ - Long-Term Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
The QQQQ rally from the weekly rising channel support line has reversed. It has retraced the 62% of the previous down wave - just in line with the Fibonacci 61.8% we had mentioned a week ago. The price is retesting the rising channel support line around 50 as we anticipated before. The QQQQ daily technical indicators are neutral. It makes the support line weak and a break down is possible.
QQQQ - Medium-Term Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.

Market Overview - 12/14/2007

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped 285.73 points, or 2.10%. The Standard Poor's 500 Index dropped 36.71 points, or 2.44%, while the Nasdaq Composite dropped 70.42 points, or 2.60%.

For a second week in a row the Energy sector was the strongest sector. It has been followed by the Technology sector. The Financial sector posted the biggest weekly percentage losses since Oct. 19. It was the worse performing sector for the second consecutive week followed by the Consumer Discretionary sector.

The Basic Materials sector is the most overvalued sector followed by Technology while Industrial Metals/Mineral, Specialty Chemicals are among the most overvalued industries.

For a second straight week The Financial sector is the most oversold sector followed by Services while Specialty Eateries, CATV Systems, and Regional-Pacific Banks are among the most oversold industries.
Presented by www.thegreedytrader.com Research Group.

Sunday, December 09, 2007

The QQQQ rally retracement is close to the Fibonacci 0.62

It was a positive week for the QQQQ. The QQQQ raised 1.99% for the week.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI):		62.55
William"s Percentage Range (W%R):	5.9
Lane"s Stochastic (%D-Slow):		77.14Relative Strength Index (RSI):		54.40
William"s Percentage Range (W%R):	19.0
Lane"s Stochastic (%D-Slow):		39.51Pattern:	Uptrend
Low:  		48.85 - 11/21/07
High: 		52.54 - 12/07/07
Current Price:	52.33Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	52.33Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	52.33Pattern:	Rising Channel
Status:		Resistance Broken
Low:  		34.35 - 04/29/05
High: 		55.07 - 10/31/07
Support:	46.19 (± 0.49)
Resistance:	51.58 (± 0.49)
Current Price:	52.33Pattern:	Broadening Ascending Wedges
Status:		Testing Resistance
Low:  		32.35 - 08/13/04
High: 		55.07 - 10/31/07
Support:	41.69 (± 0.89)
Resistance:	51.63 (± 0.89)
Current Price:	52.33
QQQQ Long-term perspective:
The QQQQ has turned down from the long term rising channel resistance. Weekly William's Percentage Range (W%R) is overvalued. Long-term uptrend looks complete or near completion, and long-term trend reversal is in progress.
QQQQ - Long-Term Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
The broad market rallied from the weekly rising channel support line. The rally retracement (60.6%) is close to the Fibonacci 61.8% that is considered as a good buying opportunity. The QQQQ daily William's Percentage Range (W%R) is strongly overvalued. The short-term rally might be near the turning point; the price may retest the support level around 50.
QQQQ - Medium-Term Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.

Dow Jones had a Bearish Advance Block pattern

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 253.86 points, or 1.90%. The Standard Poor's 500 Index gained 23.52 points, or 1.59%, while the Nasdaq Composite gained 45.20 points, or 1.70%.

Dow Jones Industrial Average had a bearish Advance Block candlestick pattern on Friday. This pattern often occurs during a bounce up in a downtrend and suggests that the previous rally is losing its power, and preparing for a reversal.

The Basic Materials sector is the most overvalued sector followed by Conglomerates, while Industrial Metals/Mineral, Specialty Chemicals and Independent Oil Gas are among the most overvalued industries.

The Financial sector is the most oversold sector followed by Technology, while Surety/Title Insurance, Semiconductor Equip/Matrl, and Regional-Pacific Banks are among the most oversold industries.
Presented by www.thegreedytrader.com Research Group.

Sunday, December 02, 2007

QQQQ Trend Analysis - 11/30/2007

It was a positive week for the QQQQ. The QQQQ raised 2.95% for the week - the biggest percentage gained since August.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI):		56.22
William"s Percentage Range (W%R):	41.1
Lane"s Stochastic (%D-Slow):		61.25Relative Strength Index (RSI):		53.06
William"s Percentage Range (W%R):	19.7
Lane"s Stochastic (%D-Slow):		49.46Pattern:	Uptrend
Low:  		48.85 - 11/21/07
High: 		52.25 - 11/30/07
Current Price:	51.31Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	51.31Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	51.31Pattern:	Rising Channel
Status:		Valid
Low:  		34.35 - 04/29/05
High: 		55.07 - 10/31/07
Support:	46.09 (± 0.49)
Resistance:	51.48 (± 0.49)
Current Price:	51.31Pattern:	Broadening Ascending Wedges
Status:		Valid
Low:  		32.35 - 08/13/04
High: 		55.07 - 10/31/07
Support:	41.63 (± 0.89)
Resistance:	51.53 (± 0.89)
Current Price:	51.31
QQQQ Long-term perspective:
The QQQQ has turned down from the long term rising channel resistance. Weekly technical indicators are neutral. Long-term uptrend looks complete or near completion and long-term trend reversal is in progress.
QQQQ - Long-Term Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
The broad market rallied from the weekly rising channel support line. The QQQQ daily technical indicators are neutral. When rally is completed, the price may retest the support level around 50.
QQQQ - Medium-Term Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.

Market Overview - 11/30/2007

It was a nice week for our members who used our uptrend support alert as an entry point. For the week the Dow Jones Industrial Average gained 390.84 points, or 3.01%. The Standard Poor's 500 Index gained 40.44 points, or 2.81%, while the Nasdaq Composite gained 64.36 points, or 2.48%.

The Financial sector and Materials were the strongest sectors last week. A week ago the Energy was the strongest sector but last week it became the weakest one.

Conglomerates and Financial are the most oversold sectors while Utilities is still remaining the most overvalued sector followed by Healthcare.

Industrial Equip Wholesale, Semiconductor-Memory Chips, Regional-Pacific Banks, and Residential Construction are the most oversold industries while Specialized Health Svcs, Tobacco Products Other, and Beverages-Soft Drinks are the most overvalued industries.
Presented by www.thegreedytrader.com Research Group.