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