Saturday, October 09, 2010

Weekly Stock Market Overview 10/8/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 176.80 points or 1.63%. The Standard & Poor's 500 Index gained 18.91 points or 1.65%, while the Nasdaq Composite gained 31.16 points or 1.31%. Read More ...

The Materials sector was the strongest sector (3.10%) last week followed by the Industrial sector (2.83%). The Health Care sector was the worst performing sector (0.92%) of the week followed by the Consumer Staples sector (0.93%).

The Basic Materials sector is the most overvalued sector followed by Consumer Goods, while Copper, Chemicals-Major Diversifd, and Textile-Apparel Footwr/Ac are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Technology, while Semiconductr-Memory Chips, Hospitals, and Medical Appliances/Equip. are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
18.40% JCP Penney (J.C.) Consumer Discretionary
13.56% ANF Abercrombie & Fitch Co. Consumer Discretionary
12.65% FO Fortune Brands, Inc. Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-12.19% CTXS Citrix Systems Information Technology
-9.07% AXP American Express Financials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 64
Uptrend Support 5
Uptrend Exhaustion 13
Uptrend Broken Support 5
Downtrend Resistance 65
Oversold 2