Saturday, December 31, 2011

Weekly Stock Market Overview - Dec 30, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -76.44 points or -0.62%. The Standard & Poor's 500 Index dropped -7.73 points or -0.61%, while the Nasdaq Composite dropped -13.49 points or -0.52%. Read More ...

The Utilities sector was the strongest sector (0.50%) last week followed by the Consumer Staples sector (-0.25%). The Materials sector was the worst performing sector (-1.21%) of the week followed by the Financial sector (-1.14%).

The Healthcare sector is the most overvalued sector followed by Basic Materials, while Oil & Gas Pipelines, Drug Manufacturers/Major, and Medical Labs & Research are among the most overvalued industries. The Technology sector is the most oversold sector followed by Conglomerates, while Semiconductor-Intgrtd Circ, Information Technlgy Svcs, and Wireless Communications are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
6.24% PCS MetroPCS Communications Inc. Telecommunications Services
4.17% GILD Gilead Sciences Health Care
3.93% IGT International Game Technology Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-30.69% SHLD Sears Holdings Corporation Consumer Discretionary
-10.50% CSC Computer Sciences Corp. Information Technology
-7.31% WHR Whirlpool Corp. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 20
Uptrend Support 10
Uptrend Exhaustion 31
Uptrend Broken Support 7
Downtrend Resistance 48
Oversold 6

Friday, December 23, 2011

Weekly Stock Market Overview = Dec 23, 2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 427.61 points or 3.60%. The Standard & Poor's 500 Index gained 45.67 points or 3.74%, while the Nasdaq Composite gained 63.31 points or 2.48%. Read More ...

The Energy sector was the strongest sector (5.23%) last week followed by the Financial sector (4.86%). The Technology sector was the worst performing sector (2.32%) of the week followed by the Consumer Discretionary sector (3.38%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Residential Construction, Drug Manufacturers/Major, and Aerospace/Defense-Maj Dvd are among the most overvalued industries. The Technology sector is the most oversold sector followed by Financial, while Semiconductor-Intgrtd Circ, Wireless Communications, and Investmnt Brokerage-Natl are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
14.29% CTAS Cintas Corporation Industrials
12.90% DV DeVry Inc. Industrials
12.67% THC Tenet Healthcare Corp. Health Care


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-10.78% ORCL Oracle Corp. Information Technology
-6.14% BBBY Bed Bath & Beyond Consumer Discretionary
-5.78% EMR Emerson Electric Industrials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 33
Uptrend Support 9
Uptrend Exhaustion 5
Uptrend Broken Support 3
Downtrend Resistance 46
Oversold 5

Friday, December 16, 2011

Weekly Stock Market Overview - Dec 17, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -317.87 points or -2.61%. The Standard & Poor's 500 Index dropped -35.53 points or -2.83%, while the Nasdaq Composite dropped -91.52 points or -3.46%. Read More ...

The Health Care sector was the strongest sector (-1.21%) last week followed by the Utilities sector (-1.31%). The Energy sector was the worst performing sector (-5.77%) of the week followed by the Materials sector (-4.60%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Residential Construction, Drug Manufacturers/Major, and Heavy Construction are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Semiconductor-Intgrtd Circ, Aluminum, and Wireless Communications are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.59% VMC Vulcan Materials Materials
7.92% NVLS Novellus Systems Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-18.96% SHLD Sears Holdings Corporation Consumer Discretionary
-17.50% BBY Best Buy Co., Inc. Consumer Discretionary
-15.82% RSH RadioShack Corp. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 4
Downtrend Broken Resistance 26
Uptrend Support 35
Uptrend Exhaustion 1
Uptrend Broken Support 4
Downtrend Resistance 12
Oversold 18

Friday, December 09, 2011

Weekly Stock Market Overview - Dec. 9, 2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 164.84 points or 1.37%. The Standard & Poor's 500 Index gained 10.91 points or 0.88%, while the Nasdaq Composite gained 19.92 points or 0.76%. Read More ...

The Financial sector was the strongest sector (1.47%) last week followed by the Technology sector (1.17%). The Energy sector was the worst performing sector (-0.32%) of the week followed by the Materials sector (0.29%).

The Services sector is the most overvalued sector followed by Healthcare, while Home Improvement Stores, Electronics Wholesale, and Specialty Eateries are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Industrial Goods, while Waste Management, Lumber Wood Production, and Water Utilities are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
12.01% GCI Gannett Co. Consumer Discretionary
8.58% MWW Monster Worldwide Industrials
7.57% DF Dean Foods Consumer Staples


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-9.09% DRI Darden Restaurants Consumer Discretionary
-8.16% NFX Newfield Exploration Co Energy
-7.27% STI SunTrust Banks Financials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 31
Uptrend Support 2
Uptrend Exhaustion 3
Uptrend Broken Support 0
Downtrend Resistance 23
Oversold 2

Friday, December 02, 2011

Weekly Stock Market Overview - Dec. 2, 2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 787.48 points or 7.01%. The Standard & Poor's 500 Index gained 85.61 points or 7.39%, while the Nasdaq Composite gained 185.42 points or 7.59%. Read More ...

The Energy sector was the strongest sector (10.32%) last week followed by the Financial sector (9.59%). The Utilities sector was the worst performing sector (3.95%) of the week followed by the Consumer Staples sector (4.51%).

The Healthcare sector is the most overvalued sector followed by Consumer Goods, while Meat Products, Textile-Apparel Footwr/Ac, and Housewares & Accessories are among the most overvalued industries. The Technology sector is the most oversold sector followed by Services, while Music & Video Stores, Wireless Communications, and Semiconductor-Intgrtd Circ are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
24.88% X United States Steel Corp. Materials
19.21% C Citigroup Inc. Financials
18.36% GT Goodyear Tire & Rubber Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-8.08% HSP Hospira Inc. Health Care
-5.23% GLW Corning Inc. Information Technology
-2.73% TIF Tiffany & Co. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 61
Uptrend Support 3
Uptrend Exhaustion 3
Uptrend Broken Support 5
Downtrend Resistance 25
Oversold 1

Friday, November 25, 2011

Weekly Stock Market Overview - Nov 25, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -564.22 points or -4.78%. The Standard & Poor's 500 Index dropped -56.98 points or -4.69%, while the Nasdaq Composite dropped -130.99 points or -5.09%. Read More ...

The Consumer Staples sector was the strongest sector (-2.22%) last week followed by the Utilities sector (-3.47%). The Energy sector was the worst performing sector (-6.34%) of the week followed by the Financial sector (-5.76%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Electric Utilities, Biotechnology, and Gas Utilities are among the most overvalued industries. The Services sector is the most oversold sector followed by Basic Materials, while Music & Video Stores, Gaming Activities, and Aluminum are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
1.70% FTR Frontier Communications Telecommunications Services
1.67% AN AutoNation, Inc. Consumer Discretionary
1.44% BIIB BIOGEN IDEC INC Health Care


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-15.19% MWW Monster Worldwide Industrials
-14.04% NBR Nabors Industries Ltd. Energy
-13.32% SVU Supervalu Inc. Consumer Staples


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 48
Uptrend Support 98
Uptrend Exhaustion 0
Uptrend Broken Support 0
Downtrend Resistance 0
Oversold 19

Friday, November 18, 2011

Weekly Stock Market Overview - Nov 18, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -357.52 points or -2.94%. The Standard & Poor's 500 Index dropped -48.20 points or -3.81%, while the Nasdaq Composite dropped -106.25 points or -3.97%. Read More ...

The Consumer Staples sector was the strongest sector (-1.33%) last week followed by the Utilities sector (-2.06%). The Energy sector was the worst performing sector (-5.69%) of the week followed by the Financial sector (-5.55%).

The Healthcare sector is the most overvalued sector followed by Consumer Goods, while Housewares & Accessories, Textile-Apparel Clothing, and Textile-Apparel Footwr/Ac are among the most overvalued industries. The Services sector is the most oversold sector followed by Conglomerates, while Music & Video Stores, Gaming Activities, and Wholesale Other are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.84% MU Micron Technology Information Technology
5.47% VMC Vulcan Materials Materials
4.44% JEC Jacobs Engineering Group Industrials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-17.62% NTAP NetApp, Inc. Information Technology
-16.73% ANF Abercrombie & Fitch Co. Consumer Discretionary
-13.55% SHLD Sears Holdings Corporation Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 57
Uptrend Support 18
Uptrend Exhaustion 0
Uptrend Broken Support 1
Downtrend Resistance 0
Oversold 4

Friday, November 11, 2011

Weekly Stock Market Overview - Nov 11, 2011

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 170.44 points or 1.42%. The Standard & Poor's 500 Index gained 10.62 points or 0.85%, while the Nasdaq Composite dropped -7.40 points or -0.28%. Read More ...

The Health Care sector was the strongest sector (2.65%) last week followed by the Consumer Staples sector (1.58%). The Financial sector was the worst performing sector (-0.38%) of the week followed by the Technology sector (0.42%).

The Basic Materials sector is the most overvalued sector followed by Utilities, while Oil & Gas Pipelines, Electric Utilities, and Gas Utilities are among the most overvalued industries. The Services sector is the most oversold sector followed by Industrial Goods, while Music & Video Stores, Gaming Activities, and Metals Fabrication are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
9.01% VIA-B Viacom Inc. Consumer Discretionary
7.29% LOW Lowe's Cos. Consumer Discretionary
7.08% NBR Nabors Industries Ltd. Energy


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-18.27% CSC Computer Sciences Corp. Information Technology
-12.55% PWR Quanta Services Inc. Industrials
-10.84% IFF International Flav/Frag Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 77
Uptrend Support 6
Uptrend Exhaustion 1
Uptrend Broken Support 1
Downtrend Resistance 42
Oversold 0

Friday, November 04, 2011

Weekly Stock Market Overview - Nov 4, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -247.87 points or -2.03%. The Standard & Poor's 500 Index dropped -31.86 points or -2.48%, while the Nasdaq Composite dropped -51.00 points or -1.86%. Read More ...

The Utilities sector was the strongest sector (-0.09%) last week followed by the Technology sector (-1.62%). The Financial sector was the worst performing sector (-5.44%) of the week followed by the Health Care sector (-2.98%).

The Basic Materials sector is the most overvalued sector followed by Consumer Goods, while Textile-Apparel Clothing, Textile-Apparel Footwr/Ac, and Oil & Gas Pipelines are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Industrial Goods, while Drug Delivery, Metals Fabrication, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
9.78% BIG Big Lots, Inc. Consumer Discretionary
7.92% RSH RadioShack Corp. Consumer Discretionary
7.75% HUM Humana Inc. Health Care


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-24.22% ANF Abercrombie & Fitch Co. Consumer Discretionary
-13.41% MS Morgan Stanley Financials
-11.99% HIG Hartford Financial Svc.Gp. Financials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 113
Uptrend Support 2
Uptrend Exhaustion 3
Uptrend Broken Support 0
Downtrend Resistance 47
Oversold 3

Sunday, October 30, 2011

S&P 500 Trend Analysis - 10/28/2011

It was an up week for the major markets. For the week, the Dow Jones Industrial Average gained 422.32 points or 3.58%, while the NASDAQ Composite gained 99.69 points or 3.78%.

The Standard & Poor's 500 Index gained 46.84 points or 3.78%, and closed at 1285.09 on Friday, October 28, 2011. It was a fourth consecutive positive week for the S&P 500 (^GSPC). Weekly volume was 7% above the average. Read More ...

In our previous publication on September 5th we suggested the following:

"Usually when the price moves below 200 day Moving Average, the next up wave at least retests the 200 day MA as a new resistance level. The Bullish rally usually breaks this resistance level and the price moves above the 200 day MA level. S&P 500 index may break the support around 1100 and move down to the next support area around 1000 - 950."

On October 4th S&P 500 index indeed broke the 1100 support level and made a new low at 1074.77. After making a new low, S&P recovered and closed above the support level. On October 4th the first down wave that has started on May 2nd 2011 at 1370.58 has been completed. It had a five wave's structure.

The rally that had started on October 4th reached 1292.66 on October 27th. It has broken the 200 day Moving Average (1274.24) and retraced 73% of the previous down wave.

The S&P 500 daily Lane's Stochastic (%D-Slow) is overbought, while the Williams' Percentage Range (W%R) is strongly overbought.

More than 86% of the S&P members have overbought daily Williams' Percentage Range indicator (See details) and 55% are strongly overbought (See details). The Lane's stochastic indicator is overbought for more than 50% of S&P members (See details). During the last week, daily Lane's stochastic main line (%K) has declined below the overbought signal line (%D) for almost 20% of the S&P members (See details). Such crossover is considered a bearish signal.

More than 40% of S&P 500 members have the Downtrend Resistance Alert (See details) and more than 28% have the Downtrend Broken Resistance alert (See details). Dow Jones Industrial Average and NASDAQ Composite indices have the Downtrend Resistance Alert.

During the week, the 16 members of the S&P had Buying Climax signal (See details). A buying climax happens when a stock makes a new 52 week high, but the weekly price closes below the previous week's close. The Buying Climax is often considered an exit signal.

All the above technical indicators suggest that S&P 500 index is near a strong resistance area. The rally may reverse or pause soon.


Presented by www.thegreedytrader.com Research Group.

Friday, October 28, 2011

Weekly Stock Market Overview - Oct 28, 2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 422.32 points or 3.58%. The Standard & Poor's 500 Index gained 46.84 points or 3.78%, while the Nasdaq Composite gained 99.69 points or 3.78%. Read More ...

The Materials sector was the strongest sector (7.85%) last week followed by the Financial sector (7.01%). The Consumer Staples sector was the worst performing sector (0.13%) of the week followed by the Utilities sector (0.37%).

The Basic Materials sector is the most overvalued sector followed by Services, while Auto Parts Stores, Home Furnishing Stores, and Electronics Wholesale are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while Drug Delivery, Specialized Health Svcs, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
25.85% AMD Advanced Micro Devices Information Technology
25.16% NBR Nabors Industries Ltd. Energy
23.79% ATI Allegheny Technologies Inc Materials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-19.50% AVP Avon Products Consumer Staples
-14.31% DV DeVry Inc. Industrials
-9.76% WHR Whirlpool Corp. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 141
Uptrend Support 2
Uptrend Exhaustion 6
Uptrend Broken Support 0
Downtrend Resistance 217
Oversold 0

Saturday, October 22, 2011

Weekly Stock Market Overview - Oct 21, 2011

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 164.30 points or 1.41%. The Standard & Poor's 500 Index gained 13.67 points or 1.12%, while the Nasdaq Composite dropped -30.39 points or -1.14%. Read More ...

The Financial sector was the strongest sector (4.21%) last week followed by the Energy sector (2.93%). The Technology sector was the worst performing sector (-1.81%) of the week followed by the Materials sector (-0.33%).

The Basic Materials sector is the most overvalued sector followed by Financial, while Oil & Gas Pipelines, REIT/Healthcare Facilities, and Accident/Health Insurance are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Technology, while Wireless Communications, Metals Fabrication, and Processing Systems/Prods are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
27.57% EP El Paso Corp. Energy
14.76% HAR Harman Int'l Consumer Discretionary
14.40% STT State Street Corp. Financials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-22.80% HSP Hospira Inc. Health Care
-11.88% NFX Newfield Exploration Co Energy
-10.50% HAL Halliburton Co. Energy


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 106
Uptrend Support 0
Uptrend Exhaustion 3
Uptrend Broken Support 0
Downtrend Resistance 152
Oversold 0

Friday, September 30, 2011

Weekly Stock Market Overview - Sep 30, 2011

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 141.90 points or 1.32%. The Standard & Poor's 500 Index dropped -5.01 points or -0.44%, while the Nasdaq Composite dropped -67.83 points or -2.73%. Read More ...

The Financial sector was the strongest sector (1.11%) last week followed by the Health Care sector (0.79%). The Materials sector was the worst performing sector (-2.93%) of the week followed by the Consumer Discretionary sector (-2.43%).

The Healthcare sector is the most overvalued sector followed by Financial, while REIT/Healthcare Facilities, Drug Manufacturers/Other, and Biotechnology are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Copper, Aluminum, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
11.09% AFL AFLAC Corporation Financials
9.46% SHLD Sears Holdings Corporation Consumer Discretionary
9.28% JBL Jabil Circuit Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-24.21% MU Micron Technology Information Technology
-17.67% AMD Advanced Micro Devices Information Technology
-14.01% JDSU JDS Uniphase Corp Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 26
Downtrend Broken Resistance 7
Uptrend Support 14
Uptrend Exhaustion 1
Uptrend Broken Support 0
Downtrend Resistance 3
Oversold 61

Friday, September 23, 2011

Weekly Stock Market Overview - Sep 24, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -737.61 points or -6.41%. The Standard & Poor's 500 Index dropped -79.58 points or -6.54%, while the Nasdaq Composite dropped -139.08 points or -5.30%. Read More ...

The Utilities sector was the strongest sector (-1.68%) last week followed by the Technology sector (-3.92%). The Energy sector was the worst performing sector (-12.51%) of the week followed by the Materials sector (-12.40%).

The Technology sector is the most overvalued sector followed by Financial, while Diversified Commun Svcs, REIT/Healthcare Facilities, and Personal Computers are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Music & Video Stores, Aluminum, and Advertising Agencies are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
31.07% GR Goodrich Corporation Industrials
5.08% WPI Watson Pharmaceuticals Health Care
3.10% GIS General Mills Consumer Staples


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-25.79% CLF Cliffs Natural Resources Inc Materials
-22.61% NBR Nabors Industries Ltd. Energy
-22.17% FCX Freeport-McMoran Cp & Gld Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 39
Downtrend Broken Resistance 11
Uptrend Support 9
Uptrend Exhaustion 2
Uptrend Broken Support 0
Downtrend Resistance 3
Oversold 115