Friday, April 29, 2011

Weekly Stock Market Overview - April 29, 2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 304.55 points or 2.44%. The Standard & Poor's 500 Index gained 26.23 points or 1.96%, while the Nasdaq Composite gained 53.38 points or 1.89%. Read More ...

The Health Care sector was the strongest sector (2.89%) last week followed by the Utilities sector (2.85%). The Materials sector was the worst performing sector (1.04%) of the week followed by the Technology sector (1.48%).

The Basic Materials sector is the most overvalued sector followed by Technology, while Wireless Communications, Multimedia/Graphics Sftwr, and Long Distance Carriers are among the most overvalued industries. The Financial sector is the most oversold sector followed by Services, while General Entertainment, Publishing - Periodicals, and Specialty Retail Other are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
13.72% GT Goodyear Tire & Rubber Consumer Discretionary
13.69% OXY Occidental Petroleum Energy
12.69% NSC Norfolk Southern Corp. Industrials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-13.66% EK Eastman Kodak Consumer Discretionary
-12.90% BRCM Broadcom Corporation Information Technology
-12.65% LXK Lexmark Int'l Inc Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 20
Uptrend Support 6
Uptrend Exhaustion 43
Uptrend Broken Support 3
Downtrend Resistance 40
Oversold 11