Friday, February 04, 2011

Weekly Stock Market Overview - 2/4/2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 268.45 points or 2.27%. The Standard & Poor's 500 Index gained 34.53 points or 2.71%, while the Nasdaq Composite gained 82.41 points or 3.07%. Read More ...

The Materials sector was the strongest sector (4.67%) last week followed by the Energy sector (4.25%). The Utilities sector was the worst performing sector (0.47%) of the week followed by the Consumer Staples sector (1.10%).

The Basic Materials sector is the most overvalued sector followed by Conglomerates, while Major Integrated Oil/Gas, Aluminum, and Oil & Gas Equipment/Svcs are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Financial, while Drug Delivery, Drug Manufacturers/Major, and Savings & Loans are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
34.50% JDSU JDS Uniphase Corp Information Technology
21.53% ERTS Electronic Arts Information Technology
15.26% HAR Harman Int'l Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-7.70% PCAR PACCAR Inc. Industrials
-6.68% PHM Pulte Homes, Inc. Consumer Discretionary
-6.31% AVY Avery Dennison Corp. Industrials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 19
Uptrend Support 14
Uptrend Exhaustion 47
Uptrend Broken Support 6
Downtrend Resistance 17
Oversold 5