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Value Levels Levels that are likely to hold on weakness. Pivots Levels that could be tested as magnets. Risky Levels
Levels that are likely to restrain strength (W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A-Annual)
Five-Week The five-week modified moving average. Int Sent 12x3x3 weekly slow stochastic reading on a scale of 0.0 to
10.0. (Below 2.0 is oversold, above 8.0 is overbought. Rising is positive. Declining is negative)
Weekly Charts Above the Five-Week with rising Stoch is positive. Below the Five-Week with declining Stoch is negative.
The Diamonds Trust (DIA), the S&P 500 ETF (SPY) and the Nasdaq 100 ETF (QQQ) have positive weekly charts
with weekly closes above their five-week modified moving averages. Momentum based upon 12x3x3 weekly slow
stochastic readings are rising.
The Consumer Discretionary sector is the first to become positive but overbought.
Materials, Industrials, Consumer Staples, Energy, Financial, Healthcare, Technology and Transportation have
positive weekly chart profiles.
The Utilities sector has a negative weekly chart. This sector was a big winner in 2014 but is now the biggest loser
year to date down 3.2%.
The biggest sector winner is Healthcare with a year-to-date gain of 4.8%.
The biggest sector winners month-to-date are Materials and Technology with gains of 8.9% and 8.0%, respectively.
The Commodity Fund (GSG) has a gain of 5.2% so far in February but is down 4.0% year to date. A close this
week above its five-week modified moving average at $21.16 shifts its weekly chart to positive as weekly Stochastics
will likely be rising above the oversold threshold of 2.0. This ETF is 70% weighed to energy and crude oil and has a
negative but oversold weekly chart.
The 20+ year U.S. Treasury fund (TLT) is down 8.5% so far in February but still holds onto a year-to-date gain of
0.5%.
The Gold Trust ETF (GLD) has lost 6.6% month to date but is up 1.5% year to date.