Weekly Stock Market Overview - 5/21/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -426.77 points or -4.02%. The Standard & Poor's 500 Index dropped -47.99 points or -4.23%, while the Nasdaq Composite dropped -117.81 points or -5.02%. Read More ... The Consumer Staples sector was the strongest sector (-2.38%) last week followed by the Materials sector (-3.86%). The Industrial sector was the worst performing sector (-5.67%) of the week followed by the Energy sector (-5.64%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Drugs - Generic, Water Utilities, and Specialized Health Svcs are among the most overvalued industries. The Services sector is the most oversold sector followed by Basic Materials, while Agricultural Chemicals, Publishing - Books, and Aluminum are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
20.94%	PTV	Pactiv Corp.	Materials
8.46%	DF	Dean Foods	Consumer Staples
5.15%	APOL	Apollo Group	Consumer Discretionary

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-18.21%	SHLD	Sears Holdings Corporation	Consumer Discretionary
-15.84%	MEE	Massey Energy Co.	Materials
-13.18%	GT	Goodyear Tire & Rubber	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	7
Downtrend Broken Resistance	3
Uptrend Support	168
Uptrend Exhaustion	0
Uptrend Broken Support	1
Downtrend Resistance	0
Oversold	49