Friday, May 20, 2011

Weekly Stock Market Overview - May 20, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -83.71 points or -0.66%. The Standard & Poor's 500 Index dropped -4.50 points or -0.34%, while the Nasdaq Composite dropped -25.15 points or -0.89%. Read More ...

The Energy sector was the strongest sector (1.14%) last week followed by the Consumer Staples sector (0.65%). The Technology sector was the worst performing sector (-1.10%) of the week followed by the Industrial sector (-0.82%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Drug Manufacturers/Other, Health Care Plans, and Drug Manufacturers/Major are among the most overvalued industries. The Conglomerates sector is the most oversold sector followed by Basic Materials, while Copper, Oil & Gas Equipment/Svcs, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
23.33% EK Eastman Kodak Consumer Discretionary
7.79% MAS Masco Corp. Industrials
7.25% S Sprint Nextel Corp. Telecommunications Services


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-19.16% SPLS Staples Inc. Consumer Discretionary
-16.62% GPS Gap (The) Consumer Discretionary
-13.56% ODP Office Depot Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 4
Downtrend Broken Resistance 13
Uptrend Support 29
Uptrend Exhaustion 30
Uptrend Broken Support 6
Downtrend Resistance 14
Oversold 21