Saturday, June 02, 2012

Weekly Stock Market Overview - June 1, 2012

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -336.26 points or -2.70%. The Standard & Poor's 500 Index dropped -39.78 points or -3.02%, while the Nasdaq Composite dropped -90.05 points or -3.17%. Read More ...

The Utilities sector was the strongest sector (-0.20%) last week followed by the Consumer Staples sector (-2.15%). The Energy sector was the worst performing sector (-4.74%) of the week followed by the Financial sector (-3.78%).

The Utilities sector is the most overvalued sector followed by Financial, while Diversified Utilities, REIT - Residential, and Electric Utilities are among the most overvalued industries. The Technology sector is the most oversold sector followed by Basic Materials, while Computer Peripherals, Wireless Communications, and Semiconductr-Memory Chips are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
3.55% MON Monsanto Co. Materials
3.03% NEM Newmont Mining Corp. (Hldg. Co.) Materials
2.90% NTAP NetApp, Inc. Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-14.76% SHLD Sears Holdings Corporation Consumer Discretionary
-11.47% PHM Pulte Homes, Inc. Consumer Discretionary
-11.47% KSS Kohl's Corp. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 30
Downtrend Broken Resistance 6
Uptrend Support 85
Uptrend Exhaustion 3
Uptrend Broken Support 0
Downtrend Resistance 2
Oversold 95