Saturday, September 25, 2010

Weekly Stock Market Overview - 9/24/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 252.41 points or 2.38%. The Standard & Poor's 500 Index gained 23.08 points or 2.05%, while the Nasdaq Composite gained 65.61 points or 2.83%. Read More ...

The Consumer Discretionary sector was the strongest sector (2.90%) last week followed by the Technology sector (2.62%). The Financial sector was the worst performing sector (-0.04%) of the week followed by the Consumer Staples sector (1.78%).

The Utilities sector is the most overvalued sector followed by Industrial Goods, while Farm/Construction Machnry, Water Utilities, and Electric Utilities are among the most overvalued industries. The Services sector is the most oversold sector followed by Basic Materials, while Publishing - Newspapers, Drugs Wholesale, and Specialty Retail Other are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
16.21% NVDA NVIDIA Corp. Information Technology
14.43% ODP Office Depot Consumer Discretionary
12.42% SHLD Sears Holdings Corporation Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-18.01% ADBE Adobe Systems Information Technology
-8.17% IGT International Game Technology Consumer Discretionary
-6.95% IP International Paper Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 88
Uptrend Support 5
Uptrend Exhaustion 17
Uptrend Broken Support 1
Downtrend Resistance 76
Oversold 4