Saturday, October 30, 2010

Weekly Stock Market Overview - 10/29/2010

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -14.07 points or -0.13%. The Standard & Poor's 500 Index climbed 0.18 points or 0.02%, while the Nasdaq Composite gained 28.02 points or 1.13%. Read More ...

The Materials sector was the strongest sector (1.49%) last week followed by the Technology sector (1.00%). The Industrial sector was the worst performing sector (-0.92%) of the week followed by the Utilities sector (-0.47%).

The Technology sector is the most overvalued sector followed by Utilities, while Security Software & Svcs, Internet Info. Providers, and Telecom Services/Domestic are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Basic Materials, while Hospitals, Medical Appliances/Equip., and Gold are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
27.81% MWW Monster Worldwide Industrials
19.66% EK Eastman Kodak Consumer Discretionary
12.51% ATI Allegheny Technologies Inc Materials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-18.95% LXK Lexmark Int'l Inc Information Technology
-14.95% S Sprint Nextel Corp. Telecommunications Services
-13.01% TLAB Tellabs, Inc. Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 41
Uptrend Support 11
Uptrend Exhaustion 28
Uptrend Broken Support 4
Downtrend Resistance 30
Oversold 2