Friday, August 13, 2010

Weekly Stock Market Overview - 8/13/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -350.41 points or -3.29%. The Standard & Poor's 500 Index dropped -42.39 points or -3.78%, while the Nasdaq Composite dropped -114.99 points or -5.02%. Read More ...

The Utilities sector was the strongest sector (-0.94%) last week followed by the Consumer Staples sector (-1.07%). The Financial sector was the worst performing sector (-4.80%) of the week followed by the Industrial sector (-4.70%).

The Utilities sector is the most overvalued sector followed by Industrial Goods, while Farm/Construction Machnry, Electric Utilities, and Diversified Utilities are among the most overvalued industries. The Technology sector is the most oversold sector followed by Services, while Home Improvement Stores, Education & Training Services, and Semiconductr-Memory Chips are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
3.55% M Macy's Inc. Consumer Discretionary
2.78% CMS CMS Energy Utilities


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-13.09% JBL Jabil Circuit Information Technology
-12.89% AMD Advanced Micro Devices Information Technology
-12.78% TXT Textron Inc. Industrials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 7
Downtrend Broken Resistance 43
Uptrend Support 27
Uptrend Exhaustion 1
Uptrend Broken Support 0
Downtrend Resistance 6
Oversold 48