Weekly Stock Market Overview - Feb 24, 2012

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 32.85 points or 0.25%. The Standard & Poor's 500 Index gained 4.51 points or 0.33%, while the Nasdaq Composite gained 11.97 points or 0.41%. Read More ...

The Energy sector was the strongest sector (1.82%) last week followed by the Technology sector (1.05%). The Financial sector was the worst performing sector (-0.81%) of the week followed by the Consumer Discretionary sector (-0.23%).

The Basic Materials sector is the most overvalued sector followed by Utilities, while Water Utilities, Agricultural Chemicals, and Chemicals-Major Diversifd are among the most overvalued industries. The Financial sector is the most oversold sector followed by Technology, while Internet Info. Providers, Telecom Services/Domestic, and Savings & Loans are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
25.27%	SHLD	Sears Holdings Corporation	Consumer Discretionary
16.15%	PCS	MetroPCS Communications Inc.	Telecommunications Services
7.39%	S	Sprint Nextel Corp.	Telecommunications Services

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-12.86%	NFX	Newfield Exploration Co	Energy
-9.97%	HPQ	Hewlett-Packard	Information Technology
-8.88%	RSH	RadioShack Corp.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	38
Uptrend Support	7
Uptrend Exhaustion	40
Uptrend Broken Support	5
Downtrend Resistance	40
Oversold	3