Friday, June 04, 2010

Weekly Stock Market Overview - 6/4/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -204.66 points or -2.02%. The Standard & Poor's 500 Index dropped -24.53 points or -2.25%, while the Nasdaq Composite dropped -37.87 points or -1.68%. Read More ...

The Technology sector was the strongest sector (-1.02%) last week followed by the Consumer Staples sector (-1.06%). The Materials sector was the worst performing sector (-5.33%) of the week followed by the Industrial sector (-3.95%).

The Utilities sector is the most overvalued sector followed by Technology, while Wireless Communications, Telecom Services/Domestic, and Water Utilities are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Basic Materials, while Agricultural Chemicals, Electronic Equipment, and Copper are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
10.87% SWN Southwestern Energy Co. Utilities
5.54% WLP WellPoint Health Networks Health Care
4.94% AMGN Amgen Health Care


Weekly S&P 500 Loosers
Gains/Loses(%) Symbol Company Sector
-22.44% TLAB Tellabs, Inc. Information Technology
-15.22% FTI FMC Technologies Inc. Energy
-13.99% THC Tenet Healthcare Corp. Health Care


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 5
Downtrend Broken Resistance 1
Uptrend Support 27
Uptrend Exhaustion 0
Uptrend Broken Support 0
Downtrend Resistance 2
Oversold 35