Friday, September 10, 2010

Weekly Stock Market Overview - 9/10/2010

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -32.69 points or -0.31%. The Standard & Poor's 500 Index gained 5.04 points or 0.46%, while the Nasdaq Composite gained 8.73 points or 0.39%. Read More ...
The Health Care sector was the strongest sector (2.06%) last week followed by the Industrial sector (0.90%). The Utilities sector was the worst performing sector (-0.57%) of the week followed by the Consumer Discretionary sector (0.03%).

The Basic Materials sector is the most overvalued sector followed by Industrial Goods, while Agricultural Chemicals, Copper, and Farm/Construction Machnry are among the most overvalued industries. The Technology sector is the most oversold sector followed by Healthcare, while Semiconductr-Memory Chips, Information Technlgy Svcs, and Semiconductor Equip/Matrl are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
11.81% JDSU JDS Uniphase Corp Information Technology
9.29% ORCL Oracle Corp. Information Technology
9.19% ADBE Adobe Systems Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-8.90% NSM National Semiconductor Information Technology
-8.77% HAR Harman Int'l Consumer Discretionary
-7.75% WHR Whirlpool Corp. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 45
Uptrend Support 1
Uptrend Exhaustion 6
Uptrend Broken Support 2
Downtrend Resistance 103
Oversold 1