Friday, January 22, 2010

Weekly Stock Market Overview - 1/22/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -436.67 points or -4.12%. The Standard & Poor's 500 Index dropped -44.27 points or -3.90%, while the Nasdaq Composite dropped -82.70 points or -3.61%. Read More ...

The Health Care sector was the strongest sector (-1.74%) last week followed by the Consumer Staples sector (-1.79%). The Materials sector was the worst performing sector (-6.42%) of the week followed by the Financial sector (-5.07%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Drug Delivery, Small Tools & Accessories, and Health Care Plans are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Conglomerates, while Water Utilities, Electric Utilities are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
9.58% HBAN Huntington Bancshares Financials
8.61% ZION Zions Bancorp Financials
8.40% CMA Comerica Inc. Financials
Weekly S&P 500 Loosers
Gains/Loses(%) Symbol Company Sector
-14.50% THC Tenet Healthcare Corp. Health Care
-14.27% AA Alcoa Inc Materials
-13.63% MEE Massey Energy Co. Materials
Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 16
Uptrend Support 33
Uptrend Exhaustion 3
Uptrend Broken Support 12
Downtrend Resistance 7
Oversold 10