Friday, December 16, 2011

Weekly Stock Market Overview - Dec 17, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -317.87 points or -2.61%. The Standard & Poor's 500 Index dropped -35.53 points or -2.83%, while the Nasdaq Composite dropped -91.52 points or -3.46%. Read More ...

The Health Care sector was the strongest sector (-1.21%) last week followed by the Utilities sector (-1.31%). The Energy sector was the worst performing sector (-5.77%) of the week followed by the Materials sector (-4.60%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Residential Construction, Drug Manufacturers/Major, and Heavy Construction are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Semiconductor-Intgrtd Circ, Aluminum, and Wireless Communications are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
15.59% VMC Vulcan Materials Materials
7.92% NVLS Novellus Systems Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-18.96% SHLD Sears Holdings Corporation Consumer Discretionary
-17.50% BBY Best Buy Co., Inc. Consumer Discretionary
-15.82% RSH RadioShack Corp. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 4
Downtrend Broken Resistance 26
Uptrend Support 35
Uptrend Exhaustion 1
Uptrend Broken Support 4
Downtrend Resistance 12
Oversold 18