Friday, August 03, 2012

Weekly Stock Market Overview - Aug 3, 2012

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 22.25 points or 0.17%. The Standard & Poor's 500 Index gained 5.00 points or 0.36%, while the Nasdaq Composite gained 9.66 points or 0.33%. Read More ...

The Technology sector was the strongest sector (1.37%) last week followed by the Financial sector (0.54%). The Health Care sector was the worst performing sector (-0.85%) of the week followed by the Utilities sector (-0.58%).

The Utilities sector is the most overvalued sector followed by Basic Materials, while Agricultural Chemicals, Diversified Utilities, and Electric Utilities are among the most overvalued industries. The Financial sector is the most oversold sector followed by Industrial Goods, while Life Insurance, Metals Fabrication, and Investmnt Brokerage-Natl are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
18.28% FTR Frontier Communications Telecommunications Services
13.73% X United States Steel Corp. Materials
11.95% GPS Gap (The) Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-20.09% ANF Abercrombie & Fitch Co. Consumer Discretionary
-15.14% COH Coach, Inc. Consumer Discretionary
-13.19% SEE Sealed Air Corp.(New) Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 54
Uptrend Support 8
Uptrend Exhaustion 10
Uptrend Broken Support 3
Downtrend Resistance 62
Oversold 13