Friday, March 08, 2013

Weekly Stock Market Overview - March 8, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 307.41 points or 2.18%. The Standard & Poor's 500 Index gained 32.98 points or 2.17%, while the Nasdaq Composite gained 74.63 points or 2.35%. Read More ...

The Financial sector was the strongest sector (3.40%) last week followed by the Consumer Discretionary sector (3.08%). The Consumer Staples sector was the worst performing sector (1.05%) of the week followed by the Utilities sector (1.25%).

The Services sector is the most overvalued sector followed by Industrial Goods, while Regional Airlines, Advertising Agencies, and Electronics Wholesale are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Gold, Computer Peripherals, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
17.54% BBY Best Buy Co., Inc. Consumer Discretionary
11.99% SHLD Sears Holdings Corporation Consumer Discretionary
11.52% MU Micron Technology Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-14.58% JCP Penney (J.C.) Consumer Discretionary
-4.80% HRS Harris Corp. Information Technology
-3.54% SLM SLM Corporation Financials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 17
Uptrend Support 6
Uptrend Exhaustion 77
Uptrend Broken Support 2
Downtrend Resistance 35
Oversold 3