Friday, May 18, 2012

Weekly Stock Market Overview - May 18, 2012

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -451.22 points or -3.52%. The Standard & Poor's 500 Index dropped -58.17 points or -4.30%, while the Nasdaq Composite dropped -155.03 points or -5.28%. Read More ...

The Utilities sector was the strongest sector (-1.42%) last week followed by the Consumer Staples sector (-1.50%). The Financial sector was the worst performing sector (-7.02%) of the week followed by the Materials sector (-6.40%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Diversified Utilities, Biotechnology, and Drug Manufacturers/Major are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Education & Training Services, Rental & Leasing Services, and Electronics Stores are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
5.07% WMT Wal-Mart Stores Consumer Staples
3.12% BMC BMC Software Information Technology
2.90% LM Legg Mason Financials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-23.42% JCP Penney (J.C.) Consumer Discretionary
-23.02% ANF Abercrombie & Fitch Co. Consumer Discretionary
-16.60% X United States Steel Corp. Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 32
Downtrend Broken Resistance 9
Uptrend Support 170
Uptrend Exhaustion 1
Uptrend Broken Support 1
Downtrend Resistance 3
Oversold 103