Friday, September 23, 2011

Weekly Stock Market Overview - Sep 24, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -737.61 points or -6.41%. The Standard & Poor's 500 Index dropped -79.58 points or -6.54%, while the Nasdaq Composite dropped -139.08 points or -5.30%. Read More ...

The Utilities sector was the strongest sector (-1.68%) last week followed by the Technology sector (-3.92%). The Energy sector was the worst performing sector (-12.51%) of the week followed by the Materials sector (-12.40%).

The Technology sector is the most overvalued sector followed by Financial, while Diversified Commun Svcs, REIT/Healthcare Facilities, and Personal Computers are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Music & Video Stores, Aluminum, and Advertising Agencies are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
31.07% GR Goodrich Corporation Industrials
5.08% WPI Watson Pharmaceuticals Health Care
3.10% GIS General Mills Consumer Staples


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-25.79% CLF Cliffs Natural Resources Inc Materials
-22.61% NBR Nabors Industries Ltd. Energy
-22.17% FCX Freeport-McMoran Cp & Gld Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 39
Downtrend Broken Resistance 11
Uptrend Support 9
Uptrend Exhaustion 2
Uptrend Broken Support 0
Downtrend Resistance 3
Oversold 115