Friday, May 24, 2013

Weekly Stock Market Overview - May 24, 2013

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -51.30 points or -0.33%. The Standard & Poor's 500 Index dropped -17.87 points or -1.07%, while the Nasdaq Composite dropped -39.83 points or -1.14%. Read More ...

The Health Care Select Sector SPDR sector was the strongest sector (0.04%) last week followed by the Energy Select Sector SPDR sector (-0.50%). The Utilities Select Sector SPDR sector was the worst performing sector (-3.70%) of the week followed by the Materials Select Sector SPDR sector (-1.67%).

The Consumer Goods sector is the most overvalued sector followed by Services, while Regional Airlines, Home Furnishing Stores, and Specialty Eateries are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while Water Utilities, Drug Manufacturers/Other, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
13.82% HPQ Hewlett-Packard Information Technology
9.47% BMY Bristol-Myers Squibb Health Care
5.39% JCP Penney (J.C.) Consumer Discretionary


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-12.64% SHLD Sears Holdings Corporation Consumer Discretionary
-7.83% SWY Safeway Inc. Consumer Staples
-7.78% ANF Abercrombie & Fitch Co. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 19
Uptrend Support 14
Uptrend Exhaustion 8
Uptrend Broken Support 4
Downtrend Resistance 6
Oversold 0