Friday, June 18, 2010

Weekly Stock Market Overview - 6/18/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 239.57 points or 2.35%. The Standard & Poor's 500 Index gained 25.91 points or 2.37%, while the Nasdaq Composite gained 66.20 points or 2.95%. Read More ...

The Utilities sector was the strongest sector (2.94%) last week followed by the Industrial sector (2.85%). The Consumer Discretionary sector was the worst performing sector (0.68%) of the week followed by the Consumer Staples sector (0.72%).

The Basic Materials sector is the most overvalued sector followed by Consumer Goods, while Confectioners, Gold, and Cleaning Products are among the most overvalued industries. The Financial sector is the most oversold sector followed by Healthcare, while Investmnt Brokerage-Natl, Medical Practitioners, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.72% MTB M&T Bank Corp. Financials
14.00% SUN Sunoco., Inc. Energy
11.98% MU Micron Technology Information Technology


Weekly S&P 500 Loosers
Gains/Loses(%) Symbol Company Sector
-8.18% BBY Best Buy Co., Inc. Consumer Discretionary
-5.75% S Sprint Nextel Corp. Telecommunications Services
-5.33% SCHW Charles Schwab Financials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 16
Uptrend Support 2
Uptrend Exhaustion 3
Uptrend Broken Support 0
Downtrend Resistance 64
Oversold 4