Saturday, December 31, 2011

Weekly Stock Market Overview - Dec 30, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -76.44 points or -0.62%. The Standard & Poor's 500 Index dropped -7.73 points or -0.61%, while the Nasdaq Composite dropped -13.49 points or -0.52%. Read More ...

The Utilities sector was the strongest sector (0.50%) last week followed by the Consumer Staples sector (-0.25%). The Materials sector was the worst performing sector (-1.21%) of the week followed by the Financial sector (-1.14%).

The Healthcare sector is the most overvalued sector followed by Basic Materials, while Oil & Gas Pipelines, Drug Manufacturers/Major, and Medical Labs & Research are among the most overvalued industries. The Technology sector is the most oversold sector followed by Conglomerates, while Semiconductor-Intgrtd Circ, Information Technlgy Svcs, and Wireless Communications are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
6.24% PCS MetroPCS Communications Inc. Telecommunications Services
4.17% GILD Gilead Sciences Health Care
3.93% IGT International Game Technology Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-30.69% SHLD Sears Holdings Corporation Consumer Discretionary
-10.50% CSC Computer Sciences Corp. Information Technology
-7.31% WHR Whirlpool Corp. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 20
Uptrend Support 10
Uptrend Exhaustion 31
Uptrend Broken Support 7
Downtrend Resistance 48
Oversold 6