Friday, March 16, 2012

Weekly Stock Market Overview - Mar. 16, 2012

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 310.60 points or 2.40%. The Standard & Poor's 500 Index gained 33.30 points or 2.43%, while the Nasdaq Composite gained 66.92 points or 2.24%. Read More ...

The Financial sector was the strongest sector (5.57%) last week followed by the Industrial sector (2.59%). The Utilities sector was the worst performing sector (-1.11%) of the week followed by the Consumer Staples sector (0.39%).

The Services sector is the most overvalued sector followed by Industrial Goods, while Wholesale Other, Lodging, and Home Improvement Stores are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Utilities, while Gold, Industrial Metals/Mineral, and Copper are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
21.74% BAC Bank of America Corp. Financials
17.32% ZION Zions Bancorp Financials
12.56% CLF Cliffs Natural Resources Inc Materials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-5.50% NEM Newmont Mining Corp. (Hldg. Co.) Materials
-5.43% RSH RadioShack Corp. Consumer Discretionary
-5.15% URBN Urban Outfitters Inc. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 29
Uptrend Support 10
Uptrend Exhaustion 85
Uptrend Broken Support 4
Downtrend Resistance 50
Oversold 6