Friday, June 24, 2011

Weekly Stock Market Overview - June 24, 2011

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -69.78 points or -0.58%. The Standard & Poor's 500 Index dropped -3.05 points or -0.24%, while the Nasdaq Composite gained 36.41 points or 1.39%. Read More ...

The Materials sector was the strongest sector (2.27%) last week followed by the Consumer Discretionary sector (1.45%). The Consumer Staples sector was the worst performing sector (-1.69%) of the week followed by the Energy sector (-1.05%).

The Financial sector is the most overvalued sector followed by Consumer Goods, while Processed/Packaged Goods, Dairy Products, and REIT - Industrial are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Specialty Retail Other, Technical Services, and Publishing - Newspapers are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
9.21% TLAB Tellabs, Inc. Information Technology
9.14% BIIB BIOGEN IDEC INC Health Care
8.85% BBBY Bed Bath & Beyond Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-7.92% MU Micron Technology Information Technology
-7.34% WAG Walgreen Co. Consumer Staples
-6.65% FHN First Horizon National Financials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 4
Uptrend Support 12
Uptrend Exhaustion 2
Uptrend Broken Support 1
Downtrend Resistance 8
Oversold 17