Friday, March 26, 2010

Weekly Stock Market Overview - 3/26/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 108.38 points or 1.01%. The Standard & Poor's 500 Index gained 6.69 points or 0.58%, while the Nasdaq Composite gained 20.72 points or 0.87%. Read More ...

The Consumer Discretionary sector was the strongest sector (2.04%) last week followed by the Financial sector (1.98%). The Energy sector was the worst performing sector (-2.09%) of the week followed by the Utilities sector (-1.70%).

The Financial sector is the most overvalued sector followed by Utilities, while REIT - Hotel/Motel, Regional-Pacific Banks, and REIT - Residential are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Healthcare, while Oil & Gas Drilling/Explor, Aluminum, and Major Integrated Oil/Gas are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
13.59% LEN Lennar Corp. Consumer Discretionary
11.33% CLF Cleveland-Cliffs Materials
10.51% C Citigroup Inc. Financials


Weekly S&P 500 Loosers
Gains/Loses(%) Symbol Company Sector
-10.76% GENZ Genzyme Corp. Health Care
-5.98% NOV National Oilwell Varco, Inc. Energy
-5.85% PEG Public Serv. Enterprise Inc. Utilities


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 24
Uptrend Support 8
Uptrend Exhaustion 17
Uptrend Broken Support 6
Downtrend Resistance 29
Oversold 8