Friday, May 31, 2013

Weekly Stock Market Overview - May 31, 2013

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -187.53 points or -1.23%. The Standard & Poor's 500 Index dropped -18.86 points or -1.14%, while the Nasdaq Composite dropped -3.23 points or -0.09%. Read More ...

The Financial Select Sector SPDR sector was the strongest sector (0.56%) last week followed by the Technology Select Sector SPDR sector (-0.09%). The Consumer Staples Select Sector SPDR sector was the worst performing sector (-3.96%) of the week followed by the Utilities Select Sector SPDR sector (-2.96%).

The Services sector is the most overvalued sector followed by Technology, while Processing Systems/Prods, Computer Peripherals, and Semiconductr-Memory Chips are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while Water Utilities, Electric Utilities, and Diversified Utilities are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
7.23% NEM Newmont Mining Corp. (Hldg. Co.) Materials
6.37% MS Morgan Stanley Financials
6.02% F Ford Motor Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-11.44% CLF Cliffs Natural Resources Inc Materials
-11.05% BIG Big Lots, Inc. Consumer Discretionary
-9.55% EXC Exelon Corp. Utilities


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 8
Uptrend Support 33
Uptrend Exhaustion 7
Uptrend Broken Support 5
Downtrend Resistance 3
Oversold 2