Friday, November 04, 2011

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