Friday, February 24, 2012

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