Friday, July 16, 2010

Weekly Stock Market Overview - 7/16/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -100.13 points or -0.98%. The Standard & Poor's 500 Index dropped -13.08 points or -1.21%, while the Nasdaq Composite dropped -17.40 points or -0.79%. Read More ...

The Consumer Staples sector was the strongest sector (0.38%) last week followed by the Technology sector (-0.08%). The Financial sector was the worst performing sector (-2.63%) of the week followed by the Industrial sector (-1.99%).

The Healthcare sector is the most overvalued sector followed by Technology, while Drug Delivery, Wireless Communications, and Diversified Commun Svcs are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Financial, while Regional-Mid-Atlantc Bnks, Life Insurance, and Asset Management are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
13.00% WY Weyerhaeuser Corp. Materials
10.95% MOT Motorola Inc. Information Technology
9.74% MON Monsanto Co. Materials


Weekly S&P 500 Loosers
Gains/Loses(%) Symbol Company Sector
-11.57% LNC Lincoln National Financials
-9.72% FITB Fifth Third Bancorp Financials
-9.34% HAR Harman Int'l Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 10
Uptrend Support 1
Uptrend Exhaustion 1
Uptrend Broken Support 4
Downtrend Resistance 28
Oversold 4