It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 235.91 points or 1.56%. The Standard & Poor's 500 Index gained 33.77 points or 2.07%, while the Nasdaq Composite gained 62.39 points or 1.82%. Read More ...

The Financial Select Sector SPDR sector was the strongest sector (3.64%) last week followed by the Energy Select Sector SPDR sector (2.30%). The Utilities Select Sector SPDR sector was the worst performing sector (1.23%) of the week followed by the Consumer Discretionary Select Sector SPDR sector (1.37%).

The Services sector is the most overvalued sector followed by Consumer Goods, while Specialty Eateries, Electronics Stores, and Gaming Activities are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Technology, while Water Utilities, Information Technlgy Svcs, and Technical/System Software are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
14.88%	CSCO	Cisco Systems	Information Technology
14.71%	GT	Goodyear Tire & Rubber	Consumer Discretionary
13.56%	APOL	Apollo Group	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-12.07%	CLF	Cliffs Natural Resources Inc	Materials
-9.52%	CSC	Computer Sciences Corp.	Information Technology
-7.52%	NEM	Newmont Mining Corp. (Hldg. Co.)	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	15
Uptrend Support	2
Uptrend Exhaustion	67
Uptrend Broken Support	4
Downtrend Resistance	26
Oversold	1

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 144.53 points or 0.97%. The Standard & Poor's 500 Index gained 19.28 points or 1.19%, while the Nasdaq Composite gained 57.95 points or 1.72%. Read More ...

The Industrial Select Sector SPDR sector was the strongest sector (2.52%) last week. The Utilities Select Sector SPDR sector was the worst performing sector (-2.59%) of the week.

The Consumer Goods sector is the most overvalued sector followed by Services, while Electronics Stores, Home Furnishing Stores, and Gaming Activities are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while Water Utilities, Drugs - Generic, and Medical Appliances/Equip. are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
25.20%	EA	Electronic Arts	Information Technology
18.18%	CLF	Cliffs Natural Resources Inc	Materials
12.36%	MU	Micron Technology	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-6.36%	ADBE	Adobe Systems	Information Technology
-5.86%	NI	NiSource Inc.	Utilities
-5.74%	CHRW	C.H. Robinson Worldwide	Industrials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	19
Uptrend Support	1
Uptrend Exhaustion	55
Uptrend Broken Support	3
Downtrend Resistance	38
Oversold	0

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 261.41 points or 1.78%. The Standard & Poor's 500 Index gained 32.18 points or 2.03%, while the Nasdaq Composite gained 99.37 points or 3.03%. Read More ...

The Technology Select Sector SPDR sector was the strongest sector (3.89%) last week followed by the 0 sector (XLE%). The Utilities Select Sector SPDR sector was the worst performing sector (-0.22%) of the week followed by the sector (XLV%).

The Technology sector is the most overvalued sector followed by Basic Materials, while Processing Systems/Prods, Diversified Commun Svcs, and Computer Peripherals are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while Water Utilities, Drugs - Generic, and Drug Delivery are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
36.36%	AMD	Advanced Micro Devices	Information Technology
14.96%	VMC	Vulcan Materials	Materials
13.84%	MCO	Moody's Corp	Financials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-7.69%	VLO	Valero Energy	Energy
-7.32%	OKE	ONEOK Inc.	Utilities
-6.44%	AGN	Allergan, Inc.	Health Care

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	22
Uptrend Support	4
Uptrend Exhaustion	42
Uptrend Broken Support	3
Downtrend Resistance	27
Oversold	1

Weekly Stock Market Overview - April 26, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 165.04 points or 1.13%. The Standard & Poor's 500 Index gained 26.99 points or 1.74%, while the Nasdaq Composite gained 73.20 points or 2.28%. Read More ...

The Energy Select Sector SPDR sector was the strongest sector (3.51%) last week followed by the 0 sector (XLB%). The Consumer Staples Select Sector SPDR sector was the worst performing sector (-0.29%) of the week followed by the sector (XLV%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Diversified Utilities, Electric Utilities, and Drug Related Products are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Technology, while Metals Fabrication, Farm/Construction Machnry, and Printed Circuit Boards are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
21.29%	DHI	D.R. Horton	Consumer Discretionary
18.68%	PHM	Pulte Homes, Inc.	Consumer Discretionary
14.41%	CLF	Cliffs Natural Resources Inc	Materials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-22.80%	EW	Edwards Lifesciences Corp	Health Care
-15.85%	DV	DeVry Inc.	Industrials
-12.20%	SWY	Safeway Inc.	Consumer Staples

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	10
Uptrend Support	9
Uptrend Exhaustion	28
Uptrend Broken Support	8
Downtrend Resistance	18
Oversold	3

Weekly Stock Market Overview - April 20, 2013

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -317.55 points or -2.14%. The Standard & Poor's 500 Index dropped -33.60 points or -2.11%, while the Nasdaq Composite dropped -88.89 points or -2.70%. Read More ...

The Utilities Select Sector SPDR sector was the strongest sector (0.99%) last week followed by the 0 sector (XLP%). The Energy Select Sector SPDR sector was the worst performing sector (-4.41%) of the week followed by the sector (XLK%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Diversified Utilities, Electric Utilities, and Biotechnology are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Agricultural Chemicals, Gold, and Aluminum are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.27%	S	Sprint Nextel Corp.	Telecommunications Services
6.60%	GWW	Grainger (W.W.) Inc.	Industrials
4.86%	SHW	Sherwin-Williams	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-11.61%	TXT	Textron Inc.	Industrials
-11.60%	SHLD	Sears Holdings Corporation	Consumer Discretionary
-11.53%	FCX	Freeport-McMoran Cp & Gld	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	4
Downtrend Broken Resistance	10
Uptrend Support	61
Uptrend Exhaustion	13
Uptrend Broken Support	4
Downtrend Resistance	9
Oversold	17

Weekly Stock Market Overview - Apr 12, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 299.81 points or 2.06%. The Standard & Poor's 500 Index gained 35.57 points or 2.29%, while the Nasdaq Composite gained 91.09 points or 2.84%. Read More ...

The Consumer Discretionary Select Sector SPDR sector was the strongest sector (3.46%) last week followed by the 0 sector (XLV%). The Energy Select Sector SPDR sector was the worst performing sector (0.91%) of the week followed by the sector (XLB%).

The Utilities sector is the most overvalued sector followed by Services, while Auto Parts Wholesale, Diversified Utilities, and Drug Stores are among the most overvalued industries. The Conglomerates sector is the most oversold sector followed by Technology, while Printed Circuit Boards, Networking & Commun Dvcs, and Personal Computers are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
9.39%	JDSU	JDS Uniphase Corp	Information Technology
9.22%	HIG	Hartford Financial Svc.Gp.	Financials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-7.62%	NEM	Newmont Mining Corp. (Hldg. Co.)	Materials
-5.37%	JCP	Penney (J.C.)	Consumer Discretionary
-5.34%	BBY	Best Buy Co., Inc.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	11
Uptrend Support	1
Uptrend Exhaustion	72
Uptrend Broken Support	13
Downtrend Resistance	21
Oversold	2

Weekly Stock Market Overview - Apr 5, 2013

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -13.29 points or -0.09%. The Standard & Poor's 500 Index dropped -15.91 points or -1.01%, while the Nasdaq Composite dropped -63.66 points or -1.95%. Read More ...

The Utilities Select Sector SPDR sector was the strongest sector (1.20%) last week followed by the 0 sector (XLV%). The Energy Select Sector SPDR sector was the worst performing sector (-2.53%) of the week followed by the sector (XLB%).

The Utilities sector is the most overvalued sector followed by Industrial Goods, while Diversified Utilities, Electric Utilities, and Waste Management are among the most overvalued industries. The Conglomerates sector is the most oversold sector followed by Consumer Goods, while Rubber & Plastics, Recreational Goods Other, and Electronic Equipment are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
14.90%	BBY	Best Buy Co., Inc.	Consumer Discretionary
13.25%	HUM	Humana Inc.	Health Care
8.55%	UNH	United Health Group Inc.	Health Care

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-11.38%	X	United States Steel Corp.	Materials
-10.20%	AMD	Advanced Micro Devices	Information Technology
-9.17%	SEE	Sealed Air Corp.(New)	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	5
Downtrend Broken Resistance	14
Uptrend Support	36
Uptrend Exhaustion	15
Uptrend Broken Support	3
Downtrend Resistance	15
Oversold	8

Weekly Stock Market Overview - March 28, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 66.51 points or 0.46%. The Standard & Poor's 500 Index gained 12.30 points or 0.79%, while the Nasdaq Composite gained 22.52 points or 0.69%. Read More ...

The Utilities Select Sector SPDR sector was the strongest sector (2.44%) last week followed by the 0 sector (XLV%). The Financial Select Sector SPDR sector was the worst performing sector (0.19%) of the week followed by the sector (XLB%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Hospitals, Biotechnology, and Drug Related Products are among the most overvalued industries. The Conglomerates sector is the most oversold sector followed by Technology, while Printed Circuit Boards, Telecom Services/Domestic, and Networking & Commun Dvcs are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
8.21%	BIIB	BIOGEN IDEC INC	Health Care
7.67%	MHP	McGraw-Hill	Consumer Discretionary
7.54%	GILD	Gilead Sciences	Health Care

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-8.43%	CLF	Cliffs Natural Resources Inc	Materials
-4.53%	STJ	St Jude Medical	Health Care
-4.17%	AAPL	Apple Computer	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	11
Uptrend Support	22
Uptrend Exhaustion	53
Uptrend Broken Support	6
Downtrend Resistance	22
Oversold	3

Weekly Stock Market Overview - March 22, 2013

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -2.08 points or -0.01%. The Standard & Poor's 500 Index dropped -3.81 points or -0.24%, while the Nasdaq Composite dropped -4.07 points or -0.13%. Read More ...

The Consumer Staples Select Sector SPDR sector was the strongest sector (2.12%) last week followed by the 0 sector (XLV%). The Materials Select Sector SPDR sector was the worst performing sector (-1.96%) of the week followed by the sector (XLF%).

The Healthcare sector is the most overvalued sector followed by Consumer Goods, while Food - Major Diversified, Confectioners, and Hospitals are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Gold, Agricultural Chemicals, and Copper are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
9.18%	WAG	Walgreen Co.	Consumer Staples
8.67%	NKE	NIKE Inc.	Consumer Discretionary
7.15%	MU	Micron Technology	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-12.00%	ORCL	Oracle Corp.	Information Technology
-11.50%	JDSU	JDS Uniphase Corp	Information Technology
-10.61%	NBR	Nabors Industries Ltd.	Energy

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	16
Uptrend Support	9
Uptrend Exhaustion	37
Uptrend Broken Support	3
Downtrend Resistance	19
Oversold	4

S&P 500 Trend Analysis - 3/17/2013

It was an up week for the major markets. For the week, the Dow Jones Industrial Average gained 117.04 points or 0.81%. The Standard & Poor's 500 Index gained 9.52 points or 0.61%, while the NASDAQ Composite gained 4.70 points or 0.14%.

The Standard & Poor's 500 Index has reached the highest level since October 2007. All three major indices and more than 35% of S&P members made a new 52-Week High. The major indices and more than a half of S&P 500 members are strongly overbought in daily, weekly, and monthly time frames. S&P 500 index has daily and weekly MACD bearish divergence. Read More ...

The S&P 500 index long term uptrend had started on March 6th 2009 at 666.79 and reached 1563.62 on Friday, March 15th, 2013, making 134.5% gain in four years. The chart is forming a channel pattern with the current price piercing the channel resistance level

S&P 500 long-term trend

The weekly trend had started November 16, 2012 at 1343.35 and gained 16.4% in four months. The chart has formed a five waves channel stricture; the fifth wave is near the resistance level.

S&P 500 weekly trend

Technical indicators and chart analysis suggest the current uptrend may reverse soon.