Friday, August 27, 2010

Weekly Stock Market Overview - 8/27/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -62.97 points or -0.62%. The Standard & Poor's 500 Index dropped -7.10 points or -0.66%, while the Nasdaq Composite dropped -26.13 points or -1.20%. Read More ...

The Utilities sector was the strongest sector (2.20%) last week followed by the Consumer Staples sector (-0.15%). The Industrial sector was the worst performing sector (-1.47%) of the week followed by the Technology sector (-1.45%).

The Healthcare sector is the most overvalued sector followed by Financial, while REIT/Healthcare Facilities, Property Management, and REIT - Diversified are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Consumer Goods, while Photographic Equip/Supls, Appliances, and Home Furnishings/Fixtures are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
11.25% LNC Lincoln National Financials
10.68% WPO Washington Post Co. Consumer Discretionary
8.46% PLD ProLogis Financials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-17.61% SNDK SanDisk Corp. Information Technology
-10.72% ODP Office Depot Consumer Discretionary
-9.70% MEE Massey Energy Co. Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 6
Downtrend Broken Resistance 38
Uptrend Support 33
Uptrend Exhaustion 0
Uptrend Broken Support 1
Downtrend Resistance 0
Oversold 70