Thursday, December 23, 2010

Weekly Stock Market Overview - 12/23/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 81.58 points or 0.71%. The Standard & Poor's 500 Index gained 12.86 points or 1.03%, while the Nasdaq Composite gained 22.63 points or 0.86%. Read More ...

The Energy sector was the strongest sector (2.31%) last week followed by the Financial sector (2.19%). The Health Care sector was the worst performing sector (-0.06%) of the week followed by the Consumer Staples sector (0.14%).

The Conglomerates sector is the most overvalued sector followed by Basic Materials, while Oil & Gas Equipment/Svcs, Major Integrated Oil/Gas, and Specialty Chemicals are among the most overvalued industries. The Technology sector is the most oversold sector followed by Financial, while Computer Peripherals, REIT - Diversified, and Multimedia/Graphics Sftwr are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
14.08% JBL Jabil Circuit Information Technology
11.22% ODP Office Depot Consumer Discretionary
10.43% HBAN Huntington Bancshares Financials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-6.29% DRI Darden Restaurants Consumer Discretionary
-5.27% BEN Franklin Resources Financials
-5.03% EBAY eBay Inc. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 28
Uptrend Support 11
Uptrend Exhaustion 57
Uptrend Broken Support 5
Downtrend Resistance 45
Oversold 2