Weekly Stock Market Overview - Nov 4, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -247.87 points or -2.03%. The Standard & Poor's 500 Index dropped -31.86 points or -2.48%, while the Nasdaq Composite dropped -51.00 points or -1.86%. Read More ...

The Utilities sector was the strongest sector (-0.09%) last week followed by the Technology sector (-1.62%). The Financial sector was the worst performing sector (-5.44%) of the week followed by the Health Care sector (-2.98%).

The Basic Materials sector is the most overvalued sector followed by Consumer Goods, while Textile-Apparel Clothing, Textile-Apparel Footwr/Ac, and Oil & Gas Pipelines are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Industrial Goods, while Drug Delivery, Metals Fabrication, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
9.78%	BIG	Big Lots, Inc.	Consumer Discretionary
7.92%	RSH	RadioShack Corp.	Consumer Discretionary
7.75%	HUM	Humana Inc.	Health Care

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-24.22%	ANF	Abercrombie & Fitch Co.	Consumer Discretionary
-13.41%	MS	Morgan Stanley	Financials
-11.99%	HIG	Hartford Financial Svc.Gp.	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	113
Uptrend Support	2
Uptrend Exhaustion	3
Uptrend Broken Support	0
Downtrend Resistance	47
Oversold	3