Weekly Stock Market Overview - Oct 21, 2011

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 164.30 points or 1.41%. The Standard & Poor's 500 Index gained 13.67 points or 1.12%, while the Nasdaq Composite dropped -30.39 points or -1.14%. Read More ...

The Financial sector was the strongest sector (4.21%) last week followed by the Energy sector (2.93%). The Technology sector was the worst performing sector (-1.81%) of the week followed by the Materials sector (-0.33%).

The Basic Materials sector is the most overvalued sector followed by Financial, while Oil & Gas Pipelines, REIT/Healthcare Facilities, and Accident/Health Insurance are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Technology, while Wireless Communications, Metals Fabrication, and Processing Systems/Prods are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
27.57%	EP	El Paso Corp.	Energy
14.76%	HAR	Harman Int'l	Consumer Discretionary
14.40%	STT	State Street Corp.	Financials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-22.80%	HSP	Hospira Inc.	Health Care
-11.88%	NFX	Newfield Exploration Co	Energy
-10.50%	HAL	Halliburton Co.	Energy

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	106
Uptrend Support	0
Uptrend Exhaustion	3
Uptrend Broken Support	0
Downtrend Resistance	152
Oversold	0