Friday, March 18, 2011

Weekly Stock Market Overview - March 18, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -185.88 points or -1.54%. The Standard & Poor's 500 Index dropped -25.08 points or -1.92%, while the Nasdaq Composite dropped -71.94 points or -2.65%. Read More ...

The Materials sector was the strongest sector (-0.47%) last week followed by the Financial sector (-1.63%). The Utilities sector was the worst performing sector (-5.04%) of the week followed by the Consumer Discretionary sector (-3.67%).

The Utilities sector is the most overvalued sector followed by Basic Materials, while Oil & Gas Pipelines, Water Utilities, and Oil & Gas Drilling/Explor are among the most overvalued industries. The Technology sector is the most oversold sector followed by Industrial Goods, while Information Technlgy Svcs, Internet Info. Providers, and Processing Systems/Prods are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
11.44% SWN Southwestern Energy Co. Utilities
11.20% BTU Peabody Energy Corp Materials
10.11% COG Cabot Oil & Gas Corp. Energy


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-13.69% MHS Medco Health Solutions Inc. Health Care
-11.14% COH Coach, Inc. Consumer Discretionary
-10.99% NKE NIKE Inc. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 5
Uptrend Support 44
Uptrend Exhaustion 1
Uptrend Broken Support 3
Downtrend Resistance 3
Oversold 21