Friday, April 09, 2010

Weekly Stock Market Overview - 4/9/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 70.28 points or 0.64%. The Standard & Poor's 500 Index gained 16.27 points or 1.38%, while the Nasdaq Composite gained 51.47 points or 2.14%. Read More ...

The Financial sector was the strongest sector (2.87%) last week followed by the Consumer Discretionary sector (2.72%). The Health Care sector was the worst performing sector (-0.71%) of the week followed by the Consumer Staples sector (-0.25%).

The Basic Materials sector is the most overvalued sector followed by Conglomerates, while Conglomerates, Oil & Gas Pipelines, and Gold are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Healthcare, while Drug Manufacturers/Major, Medical Practitioners, and Health Care Plans are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
23.37% EK Eastman Kodak Consumer Discretionary
16.00% HOG HarleyDavidson Consumer Discretionary
11.81% AIG American Int'l. Group Financials


Weekly S&P 500 Loosers
Gains/Loses(%) Symbol Company Sector
-11.93% MEE Massey Energy Co. Materials
-10.12% FRX Forest Laboratories Health Care
-7.16% MWW Monster Worldwide Industrials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 29
Uptrend Support 5
Uptrend Exhaustion 67
Uptrend Broken Support 4
Downtrend Resistance 42
Oversold 3