Friday, September 30, 2011

Weekly Stock Market Overview - Sep 30, 2011

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 141.90 points or 1.32%. The Standard & Poor's 500 Index dropped -5.01 points or -0.44%, while the Nasdaq Composite dropped -67.83 points or -2.73%. Read More ...

The Financial sector was the strongest sector (1.11%) last week followed by the Health Care sector (0.79%). The Materials sector was the worst performing sector (-2.93%) of the week followed by the Consumer Discretionary sector (-2.43%).

The Healthcare sector is the most overvalued sector followed by Financial, while REIT/Healthcare Facilities, Drug Manufacturers/Other, and Biotechnology are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Copper, Aluminum, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
11.09% AFL AFLAC Corporation Financials
9.46% SHLD Sears Holdings Corporation Consumer Discretionary
9.28% JBL Jabil Circuit Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-24.21% MU Micron Technology Information Technology
-17.67% AMD Advanced Micro Devices Information Technology
-14.01% JDSU JDS Uniphase Corp Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 26
Downtrend Broken Resistance 7
Uptrend Support 14
Uptrend Exhaustion 1
Uptrend Broken Support 0
Downtrend Resistance 3
Oversold 61