Friday, August 20, 2010

Weekly Stock Market Overview - 8/20/2010

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -89.53 points or -0.87%. The Standard & Poor's 500 Index dropped -7.56 points or -0.70%, while the Nasdaq Composite gained 6.28 points or 0.29%. Read More ...

The Materials sector was the strongest sector (0.61%) last week followed by the Consumer Discretionary sector (0.49%). The Energy sector was the worst performing sector (-2.17%) of the week followed by the Financial sector (-1.71%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Diversified Utilities, Electric Utilities, and Biotechnology are among the most overvalued industries. The Services sector is the most oversold sector followed by Basic Materials, while Education & Training Services, Specialty Retail Other, and Drug Stores are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.66% INTU Intuit, Inc. Information Technology
11.83% SYMC Symantec Corp. Information Technology
8.70% EBAY eBay Inc. Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-11.07% DV DeVry Inc. Industrials
-8.28% SVU Supervalu Inc. Consumer Staples
-7.45% SHLD Sears Holdings Corporation Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 6
Downtrend Broken Resistance 38
Uptrend Support 40
Uptrend Exhaustion 1
Uptrend Broken Support 2
Downtrend Resistance 2
Oversold 52