Friday, April 23, 2010

Weekly Stock Market Overview - 4/23/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 185.62 points or 1.68%. The Standard & Poor's 500 Index gained 25.15 points or 2.11%, while the Nasdaq Composite gained 48.89 points or 1.97%. Read More ...

The Energy sector was the strongest sector (4.70%) last week followed by the Consumer Discretionary sector (3.78%). The Health Care sector was the worst performing sector (-0.89%) of the week followed by the Consumer Staples sector (0.43%).

The Financial sector is the most overvalued sector followed by Consumer Goods, while Confectioners, REIT - Hotel/Motel, and Recreational Vehicles are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Utilities, while Electric Utilities, Water Utilities, and Gas Utilities are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
28.96% HBAN Huntington Bancshares Financials
21.17% MI Marshall & Ilsley Corp. Financials
19.71% LEN Lennar Corp. Consumer Discretionary


Weekly S&P 500 Loosers
Gains/Loses(%) Symbol Company Sector
-16.55% BAX Baxter International Inc. Health Care
-10.51% QCOM QUALCOMM Inc. Information Technology
-9.77% KG King Pharmaceuticals Health Care


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 21
Uptrend Support 5
Uptrend Exhaustion 90
Uptrend Broken Support 3
Downtrend Resistance 22
Oversold 4