Friday, March 11, 2011

Weekly Stock Market Overview - 3/11/2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -125.48 points or -1.03%. The Standard & Poor's 500 Index dropped -16.87 points or -1.28%, while the Nasdaq Composite dropped -69.06 points or -2.48%. Read More ...

The Utilities sector was the strongest sector (1.61%) last week followed by the Consumer Staples sector (0.51%). The Energy sector was the worst performing sector (-4.12%) of the week followed by the Materials sector (-2.92%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Hospitals, Health Care Plans, and Medical Appliances/Equip. are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Gold, Copper, and Agricultural Chemicals are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.21% S Sprint Nextel Corp. Telecommunications Services
10.44% JCP Penney (J.C.) Consumer Discretionary
10.39% SBUX Starbucks Corp. Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-22.32% JDSU JDS Uniphase Corp Information Technology
-16.57% URBN Urban Outfitters Inc. Consumer Discretionary
-13.03% NVDA NVIDIA Corp. Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 5
Downtrend Broken Resistance 7
Uptrend Support 55
Uptrend Exhaustion 2
Uptrend Broken Support 4
Downtrend Resistance 8
Oversold 15