Friday, June 08, 2012

Weekly Stock Market Overview - June 9, 2012

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 435.63 points or 3.59%. The Standard & Poor's 500 Index gained 47.62 points or 3.73%, while the Nasdaq Composite gained 110.94 points or 4.04%. Read More ...

The Financial sector was the strongest sector (4.80%) last week followed by the Materials sector (4.47%). The Consumer Staples sector was the worst performing sector (2.80%) of the week followed by the Health Care sector (3.04%).

The Technology sector is the most overvalued sector followed by Utilities, while Long Distance Carriers, Diversified Utilities, and Electric Utilities are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Consumer Goods, while Aluminum, Trucks & Other Vehicles, and Beverages-Brewers are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
18.73% S Sprint Nextel Corp. Telecommunications Services
13.45% SNDK SanDisk Corp. Information Technology
12.13% MAS Masco Corp. Industrials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-6.74% FAST Fastenal Co. Industrials
-6.71% HAL Halliburton Co. Energy
-5.45% RSH RadioShack Corp. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 4
Downtrend Broken Resistance 10
Uptrend Support 10
Uptrend Exhaustion 4
Uptrend Broken Support 0
Downtrend Resistance 11
Oversold 20