Friday, September 17, 2010

Weekly Stock Market Overview - 9/17/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 192.61 points or 1.85%. The Standard & Poor's 500 Index gained 16.04 points or 1.45%, while the Nasdaq Composite gained 73.13 points or 3.26%. Read More ...

The Technology sector was the strongest sector (3.63%) last week followed by the Consumer Discretionary sector (1.42%). The Utilities sector was the worst performing sector (-1.88%) of the week followed by the Energy sector (-1.16%).

The Utilities sector is the most overvalued sector followed by Technology, while Security Software & Svcs, Long Distance Carriers, and Telecom Services/Domestic are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Specialty Retail Other, Drug Stores, and Publishing - Newspapers are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.37% JCP Penney (J.C.) Consumer Discretionary
10.87% NOVL Novell Inc. Information Technology
10.87% XRX Xerox Corp. Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-7.31% COG Cabot Oil & Gas Corp. Energy
-6.97% CLF Cliffs Natural Resources Inc Materials
-5.97% MEE Massey Energy Co. Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 61
Uptrend Support 0
Uptrend Exhaustion 12
Uptrend Broken Support 3
Downtrend Resistance 98
Oversold 3