Friday, October 22, 2010

Weekly Stock Market Overview - 10/22/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 37.99 points or 0.34%. The Standard & Poor's 500 Index gained 6.89 points or 0.59%, while the Nasdaq Composite gained 10.62 points or 0.43%. Read More ...

The Financial sector was the strongest sector (1.79%) last week followed by the Industrial sector (0.78%). The Materials sector was the worst performing sector (-0.87%) of the week followed by the Utilities sector (-0.08%).

The Consumer Goods sector is the most overvalued sector followed by Healthcare, while Drug Manufacturers/Other, Auto Parts, and Textile-Apparel Footwr/Ac are among the most overvalued industries. The Financial sector is the most oversold sector followed by Conglomerates, while Regional-Mid-Atlantc Bnks, Savings & Loans, and Credit Services are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
13.09% MEE Massey Energy Co. Materials
10.73% WFC Wells Fargo Financials
10.71% CPWR Compuware Corp. Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-12.78% HRB Block H & R Consumer Discretionary
-12.16% MI Marshall & Ilsley Corp. Financials
-11.72% LEG Leggett & Platt Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 55
Uptrend Support 1
Uptrend Exhaustion 32
Uptrend Broken Support 3
Downtrend Resistance 56
Oversold 2