Friday, October 12, 2012

Weekly Stock Market Overview - Oct 12, 2012

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -281.30 points or -2.07%. The Standard & Poor's 500 Index dropped -32.34 points or -2.21%, while the Nasdaq Composite dropped -92.08 points or -2.94%. Read More ...

The Utilities sector was the strongest sector (-0.65%) last week followed by the Energy sector (-1.39%). The Technology sector was the worst performing sector (-3.14%) of the week followed by the Consumer Discretionary sector (-2.86%).

The Services sector is the most overvalued sector followed by Industrial Goods, while Publishing - Books, Management Services, and Food Wholesale are among the most overvalued industries. The Technology sector is the most oversold sector followed by Utilities, while Printed Circuit Boards, Semiconductor-Broad Line, and Semiconductor Equip/Matrl are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
14.88% BTU Peabody Energy Corp Materials
11.51% KMX Carmax Inc Consumer Discretionary
10.19% S Sprint Nextel Corp. Telecommunications Services


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-19.69% EW Edwards Lifesciences Corp Health Care
-14.91% AMD Advanced Micro Devices Information Technology
-14.48% DLTR llar Tree Inc. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 3
Downtrend Broken Resistance 22
Uptrend Support 36
Uptrend Exhaustion 6
Uptrend Broken Support 4
Downtrend Resistance 8
Oversold 12