Friday, November 09, 2012

Weekly Stock Market Overview - Nov. 9, 2012

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -277.77 points or -2.12%. The Standard & Poor's 500 Index dropped -34.35 points or -2.43%, while the Nasdaq Composite dropped -77.26 points or -2.59%. Read More ...

The Materials sector was the strongest sector (-1.41%) last week followed by the Industrial sector (-1.52%). The Utilities sector was the worst performing sector (-4.38%) of the week followed by the Financial sector (-3.13%).

The Technology sector is the most overvalued sector followed by Financial, while Regional-Northeast Banks, Diversified Commun Svcs, and Information Technlgy Svcs are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Home Furnishing Stores, Railroads, and Advertising Agencies are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
13.17% CSC Computer Sciences Corp. Information Technology
9.12% JDSU JDS Uniphase Corp Information Technology
4.93% VLO Valero Energy Energy


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-13.98% ESRX Express Scripts Health Care
-13.30% FOSL Fossil, Inc. Consumer Discretionary
-12.91% JCP Penney (J.C.) Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 12
Downtrend Broken Resistance 15
Uptrend Support 101
Uptrend Exhaustion 0
Uptrend Broken Support 1
Downtrend Resistance 4
Oversold 48