Weekly Stock Market Overview - 7/30/2010

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 41.32 points or 0.40%. The Standard & Poor's 500 Index dropped -1.06 points or -0.10%, while the Nasdaq Composite dropped -14.77 points or -0.65%. Read More ...

The Financial sector was the strongest sector (1.03%) last week followed by the Industrial sector (0.73%). The Technology sector was the worst performing sector (-1.22%) of the week followed by the Consumer Staples sector (-0.63%).

The Utilities sector is the most overvalued sector followed by Consumer Goods, while Cigarettes, Cleaning Products, and Beverages-Brewers are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Technology, while Heavy Construction, Processing Systems/Prods, and Residential Construction are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
14.98%	CTXS	Citrix Systems	Information Technology
11.74%	IPG	Interpublic Group	Consumer Discretionary
11.26%	GENZ	Genzyme Corp.	Health Care

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-18.14%	EK	Eastman Kodak	Consumer Discretionary
-16.91%	LSI	LSI Corporation	Information Technology
-14.61%	SYMC	Symantec Corp.	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	34
Uptrend Support	10
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	32
Oversold	20

Weekly Stock Market Overview - 7/23/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 326.72 points or 3.24%. The Standard & Poor's 500 Index gained 37.78 points or 3.55%, while the Nasdaq Composite gained 90.42 points or 4.15%. Read More ...

The Materials sector was the strongest sector (7.31%) last week followed by the Industrial sector (7.13%). The Health Care sector was the worst performing sector (-0.87%) of the week followed by the Consumer Staples sector (2.38%).

The Utilities sector is the most overvalued sector followed by Conglomerates, while Electric Utilities, Diversified Utilities, and Water Utilities are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Services, while Specialty Retail Other, Residential Construction, and Publishing - Periodicals are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
20.76%	GENZ	Genzyme Corp.	Health Care
20.42%	HOG	HarleyDavidson	Consumer Discretionary
20.09%	CLF	Cliffs Natural Resources Inc	Materials

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-14.23%	MHS	Medco Health Solutions Inc.	Health Care
-13.83%	QLGC	QLogic Corp.	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	38
Uptrend Support	6
Uptrend Exhaustion	4
Uptrend Broken Support	0
Downtrend Resistance	48
Oversold	11

Weekly Stock Market Overview - 7/16/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -100.13 points or -0.98%. The Standard & Poor's 500 Index dropped -13.08 points or -1.21%, while the Nasdaq Composite dropped -17.40 points or -0.79%. Read More ...

The Consumer Staples sector was the strongest sector (0.38%) last week followed by the Technology sector (-0.08%). The Financial sector was the worst performing sector (-2.63%) of the week followed by the Industrial sector (-1.99%).

The Healthcare sector is the most overvalued sector followed by Technology, while Drug Delivery, Wireless Communications, and Diversified Commun Svcs are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Financial, while Regional-Mid-Atlantc Bnks, Life Insurance, and Asset Management are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
13.00%	WY	Weyerhaeuser Corp.	Materials
10.95%	MOT	Motorola Inc.	Information Technology
9.74%	MON	Monsanto Co.	Materials

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-11.57%	LNC	Lincoln National	Financials
-9.72%	FITB	Fifth Third Bancorp	Financials
-9.34%	HAR	Harman Int'l	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	10
Uptrend Support	1
Uptrend Exhaustion	1
Uptrend Broken Support	4
Downtrend Resistance	28
Oversold	4

Weekly Stock Market Overview - 7/9/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 511.55 points or 5.28%. The Standard & Poor's 500 Index gained 55.38 points or 5.42%, while the Nasdaq Composite gained 104.66 points or 5.00%. Read More ...

The Materials sector was the strongest sector (8.34%) last week followed by the Financial sector (7.32%). The Health Care sector was the worst performing sector (3.57%) of the week followed by the Consumer Staples sector (3.81%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Drug Delivery, General Contractors, and Waste Management are among the most overvalued industries. The Financial sector is the most oversold sector followed by Consumer Goods, while Photographic Equip/Supls, Recreational Vehicles, and Investmnt Brokerage-Natl are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
19.28%	APC	Anadarko Petroleum	Energy
16.52%	MI	Marshall & Ilsley Corp.	Financials
15.91%	ANF	Abercrombie & Fitch Co.	Consumer Discretionary

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-6.78%	FDO	Family Dollar Stores	Consumer Discretionary
-4.88%	GPS	Gap (The)	Consumer Discretionary
-4.20%	HRB	Block H & R	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	6
Uptrend Support	26
Uptrend Exhaustion	1
Uptrend Broken Support	0
Downtrend Resistance	11
Oversold	35

S&P 500 members - Trend Support Alert

It was a second consecutive negative week for the S&P 500 index (^GSPC). During the week, the S&P 500 dropped 54.18 points, or 5.03%, and closed at 1022.58 on Friday, July 02, 2010. It was the worst weekly loss since May 7, 2010. ^GSPC was trading at average weekly trading volume. Read More ... A medium-term downtrend had started on April 26, 2010 at 1219.80 and reached 1010.91 on July 1, 2010. S&P 500 lost 208.89 points, or 17.12%, in 66 days. The trend is forming a falling channel chart pattern and has five waves structure. The fourth wave up has reached 1131.23 on June 21st. In our previous publication on Sunday, June 20 we wrote: "Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought for both S&P 500 and Dow Jones Industrial Average. More than 60 S&P members have the Downtrend Resistance Alert. A medium - term downtrend may resume soon." A fifth down wave started on June 21st at 1131.23 and reached 1010.91 on Thursday, July 1st. S&P 500 lost 120.31 points, or 10.64%, in 20 days. The trend line support is now near 985.

S&P 500 - short-term trend

Daily Williams' Percentage Range is oversold, while weekly Williams' Percentage Range and daily Lane's Stochastic are strongly oversold for all three major US indices: S&P 500, Dow Jones Industrial Average and NASDAQ. More than 28% of S&P members are oversold, and more than 22% have a Trend Support Alert. The fifth wave down is near completion. A short-term trend reversal may start soon.

Presented by www.thegreedytrader.com Research Group.

Weekly Stock Market Overview - 7/2/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -457.33 points or -4.51%. The Standard & Poor's 500 Index dropped -54.18 points or -5.03%, while the Nasdaq Composite dropped -131.69 points or -5.92%. Read More ...

The Consumer Staples sector was the strongest sector (-1.66%) last week followed by the Utilities sector (-2.36%). The Financial sector was the worst performing sector (-7.62%) of the week followed by the Materials sector (-6.81%).

The Industrial Goods sector is the most overvalued sector followed by Utilities, while General Contractors, Waste Management, and Water Utilities are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Conglomerates, while Photographic Equip/Supls, Recreational Vehicles, and Dairy Products are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
4.15%	AGN	Allergan, Inc.	Health Care
3.10%	MO	Altria Group, Inc.	Consumer Staples
2.92%	DF	Dean Foods	Consumer Staples

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-68.09%	STR	Questar Corp.	Utilities
-16.82%	CLF	Cleveland-Cliffs	Materials
-16.78%	TXT	Textron Inc.	Industrials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	44
Downtrend Broken Resistance	3
Uptrend Support	114
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	0
Oversold	145