Saturday, October 02, 2010

Weekly Stock Market Overview - 10/01/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -30.58 points or -0.28%. The Standard & Poor's 500 Index dropped -2.43 points or -0.21%, while the Nasdaq Composite dropped -10.47 points or -0.44%. Read More ...

The Energy sector was the strongest sector (2.79%) last week followed by the Utilities sector (0.29%). The Consumer Discretionary sector was the worst performing sector (-0.74%) of the week followed by the Financial sector (-0.72%).

The Utilities sector is the most overvalued sector followed by Basic Materials, while Copper, Water Utilities, and Chemicals-Major Diversifd are among the most overvalued industries. The Services sector is the most oversold sector followed by Healthcare, while Publishing - Newspapers, Medical Appliances/Equip., and Food Wholesale are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
10.94% WAG Walgreen Co. Consumer Staples
8.11% PCS MetroPCS Communications Inc. Telecommunications Services
7.79% EQT EQT Corporation Utilities


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-12.86% MON Monsanto Co. Materials
-9.61% MTB M & T Bank Corp. Financials
-9.23% URBN Urban Outfitters Inc. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 69
Uptrend Support 7
Uptrend Exhaustion 19
Uptrend Broken Support 6
Downtrend Resistance 75
Oversold 1