Friday, December 17, 2010

Weekly Stock Market Overview - 12/17/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 81.59 points or 0.72%. The Standard & Poor's 500 Index gained 3.51 points or 0.28%, while the Nasdaq Composite gained 5.43 points or 0.21%. Read More ...

The Health Care sector was the strongest sector (1.21%) last week followed by the Materials sector (0.83%). The Financial sector was the worst performing sector (-1.42%) of the week followed by the Consumer Discretionary sector (-0.53%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Water Utilities, Medical Practitioners, and Medical Labs & Research are among the most overvalued industries. The Financial sector is the most oversold sector followed by Basic Materials, while REIT/Healthcare Facilities, REIT - Diversified, and Regional-Southeast Banks are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
16.10% MI Marshall & Ilsley Corp. Financials
10.61% BCR Bard (C.R.) Inc. Health Care
9.87% X United States Steel Corp. Materials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-18.01% BBY Best Buy Co., Inc. Consumer Discretionary
-8.92% HBAN Huntington Bancshares Financials
-6.93% DF Dean Foods Consumer Staples


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 32
Uptrend Support 9
Uptrend Exhaustion 40
Uptrend Broken Support 2
Downtrend Resistance 42
Oversold 1