Friday, July 08, 2011

Weekly Stock Market Overview - July 7, 2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 74.43 points or 0.59%. The Standard & Poor's 500 Index gained 4.13 points or 0.31%, while the Nasdaq Composite gained 43.78 points or 1.55%. Read More ...

The Technology sector was the strongest sector (1.34%) last week followed by the Materials sector (1.26%). The Financial sector was the worst performing sector (-1.09%) of the week followed by the Health Care sector (-0.50%).

The Basic Materials sector is the most overvalued sector followed by Conglomerates, while Specialty Chemicals, Agricultural Chemicals, and Chemicals-Major Diversifd are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Industrial Goods, while Heavy Construction, Metals Fabrication, and Industrial Equip/Componts are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
10.75% URBN Urban Outfitters Inc. Consumer Discretionary
6.70% TGT Target Corp. Consumer Discretionary
6.55% KSS Kohl's Corp. Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-7.25% NWSA News Corporation Consumer Discretionary
-6.70% SCHW Charles Schwab Financials
-6.29% JDSU JDS Uniphase Corp Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 40
Uptrend Support 0
Uptrend Exhaustion 8
Uptrend Broken Support 1
Downtrend Resistance 58
Oversold 0