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