Friday, July 02, 2010

Weekly Stock Market Overview - 7/2/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -457.33 points or -4.51%. The Standard & Poor's 500 Index dropped -54.18 points or -5.03%, while the Nasdaq Composite dropped -131.69 points or -5.92%. Read More ...

The Consumer Staples sector was the strongest sector (-1.66%) last week followed by the Utilities sector (-2.36%). The Financial sector was the worst performing sector (-7.62%) of the week followed by the Materials sector (-6.81%).

The Industrial Goods sector is the most overvalued sector followed by Utilities, while General Contractors, Waste Management, and Water Utilities are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Conglomerates, while Photographic Equip/Supls, Recreational Vehicles, and Dairy Products are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
4.15% AGN Allergan, Inc. Health Care
3.10% MO Altria Group, Inc. Consumer Staples
2.92% DF Dean Foods Consumer Staples


Weekly S&P 500 Loosers
Gains/Loses(%) Symbol Company Sector
-68.09% STR Questar Corp. Utilities
-16.82% CLF Cleveland-Cliffs Materials
-16.78% TXT Textron Inc. Industrials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 44
Downtrend Broken Resistance 3
Uptrend Support 114
Uptrend Exhaustion 0
Uptrend Broken Support 0
Downtrend Resistance 0
Oversold 145