Friday, January 28, 2011

Weekly Stock Market Overview - 1/28/2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -48.14 points or -0.41%. The Standard & Poor's 500 Index dropped -7.01 points or -0.55%, while the Nasdaq Composite dropped -2.65 points or -0.10%. Read More ...

The Energy sector was the strongest sector (1.44%) last week followed by the Materials sector (0.89%). The Consumer Discretionary sector was the worst performing sector (-1.90%) of the week followed by the Health Care sector (-1.79%).

The Basic Materials sector is the most overvalued sector followed by Conglomerates, while Major Integrated Oil/Gas, Aluminum, and Oil & Gas Pipelines are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Utilities, while Drug Delivery, Drug Manufacturers/Major, and Drug Manufacturers/Other are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
18.04% TER Teradyne Inc. Information Technology
14.11% BHI Baker Hughes Energy
12.78% GLW Corning Inc. Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-29.32% EK Eastman Kodak Consumer Discretionary
-25.54% MWW Monster Worldwide Industrials
-21.46% TLAB Tellabs, Inc. Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 26
Uptrend Support 12
Uptrend Exhaustion 24
Uptrend Broken Support 13
Downtrend Resistance 23
Oversold 4