Friday, September 07, 2012

Weekly Stock Market Overview - Sep 7, 2012

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 215.80 points or 1.65%. The Standard & Poor's 500 Index gained 31.34 points or 2.23%, while the Nasdaq Composite gained 69.46 points or 2.26%. Read More ...

The Materials sector was the strongest sector (3.65%) last week followed by the Financial sector (3.43%). The Utilities sector was the worst performing sector (0.74%) of the week followed by the Consumer Staples sector (0.85%).

The Industrial Goods sector is the most overvalued sector followed by Services, while Publishing - Books, Broadcasting - TV, and Residential Construction are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Conglomerates, while Meat Products, Recreational Vehicles, and Auto Manufacturers/Major are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
13.87% MS Morgan Stanley Financials
12.81% APOL Apollo Group Consumer Discretionary
11.36% CLF Cliffs Natural Resources Inc Materials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-7.26% AMD Advanced Micro Devices Information Technology
-4.49% NVDA NVIDIA Corp. Information Technology
-3.86% JBL Jabil Circuit Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 60
Uptrend Support 4
Uptrend Exhaustion 26
Uptrend Broken Support 6
Downtrend Resistance 55
Oversold 8