Friday, July 29, 2011

Weekly Stock Market Overview - July 29. 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -537.92 points or -4.24%. The Standard & Poor's 500 Index dropped -52.74 points or -3.92%, while the Nasdaq Composite dropped -102.45 points or -3.58%. Read More ...

The Utilities sector was the strongest sector (-1.92%) last week followed by the Consumer Staples sector (-2.87%). The Industrial sector was the worst performing sector (-5.84%) of the week followed by the Materials sector (-4.86%).

The Basic Materials sector is the most overvalued sector followed by Services, while Jewelry Stores, Specialty Eateries, and Home Furnishing Stores are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Industrial Goods, while Heavy Construction, Industrial Equip/Componts, and General Building Matrials are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
12.88% LXK Lexmark Int'l Inc Information Technology
9.69% LSI LSI Corporation Information Technology
6.18% RSH RadioShack Corp. Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-22.51% IPG Interpublic Group Consumer Discretionary
-18.02% S Sprint Nextel Corp. Telecommunications Services
-17.49% BMC BMC Software Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 10
Downtrend Broken Resistance 23
Uptrend Support 58
Uptrend Exhaustion 1
Uptrend Broken Support 0
Downtrend Resistance 2
Oversold 80