Friday, March 30, 2012

Weekly Stock Market Overview - March 30, 2012

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 131.31 points or 1.00%. The Standard & Poor's 500 Index gained 11.36 points or 0.81%, while the Nasdaq Composite gained 23.65 points or 0.77%. Read More ...

The Health Care sector was the strongest sector (2.70%) last week followed by the Utilities sector (1.29%). The Energy sector was the worst performing sector (-0.71%) of the week followed by the Materials sector (0.16%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Drug Manufacturers/Other, Lumber Wood Production, and Specialized Health Svcs 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
10.68% WLP WellPoint Health Networks Health Care
10.16% CVH Coventry Health Care Inc. Health Care
10.00% AET Aetna Inc. (New) Health Care


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-13.92% BBY Best Buy Co., Inc. Consumer Discretionary
-9.24% NBR Nabors Industries Ltd. Energy
-8.89% APOL Apollo Group Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 25
Uptrend Support 7
Uptrend Exhaustion 40
Uptrend Broken Support 6
Downtrend Resistance 33
Oversold 7