Friday, November 05, 2010

Weekly Stock Market Overview - 11/5/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 325.59 points or 2.93%. The Standard & Poor's 500 Index gained 42.59 points or 3.60%, while the Nasdaq Composite gained 71.57 points or 2.85%. Read More ...

The Financial sector was the strongest sector (7.01%) last week followed by the Energy sector (5.18%). The Health Care sector was the worst performing sector (0.90%) of the week followed by the Utilities sector (1.04%).

The Utilities sector is the most overvalued sector followed by Technology, while Security Software & Svcs, Telecom Services/Domestic, and Technical/System Software are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Industrial Goods, while General Contractors, Medical Appliances/Equip., and Hospitals are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
18.87% HAR Harman Int'l Consumer Discretionary
16.30% NYT New York Times Cl. A Consumer Discretionary
16.11% VMC Vulcan Materials Materials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-9.21% PWR Quanta Services Inc. Industrials
-7.43% EOG EOG Resources Energy
-6.85% MI Marshall & Ilsley Corp. Financials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 54
Uptrend Support 7
Uptrend Exhaustion 86
Uptrend Broken Support 4
Downtrend Resistance 62
Oversold 0