Friday, March 05, 2010

Weekly Stock Market Overview - 3/5/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 240.94 points or 2.33%. The Standard & Poor's 500 Index gained 34.20 points or 3.10%, while the Nasdaq Composite gained 88.09 points or 3.94%. Read More ...

The Materials sector was the strongest sector (5.30%) last week followed by the Consumer Discretionary sector (4.16%). The Health Care sector was the worst performing sector (1.97%) of the week followed by the Consumer Staples sector (2.07%). The Consumer Goods sector is the most overvalued sector followed by Conglomerates, while Meat Products, Auto Manufacturers/Major, and Confectioners are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Industrial Goods, while General Contractors, Electric Utilities, and Lumber Wood Production are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
25.74% NOVL Novell Inc. Information Technology
16.28% ANF Abercrombie & Fitch Co. Consumer Discretionary
14.51% MEE Massey Energy Co. Materials


Weekly S&P 500 Loosers
Gains/Loses(%) Symbol Company Sector
-9.59% SPLS Staples Inc. Consumer Discretionary
-6.16% FTR Frontier Communications Telecommunications Services
-3.41% HRB Block H & R Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 20
Uptrend Support 2
Uptrend Exhaustion 12
Uptrend Broken Support 0
Downtrend Resistance 49