Saturday, September 07, 2013

Weekly S&P 500 Alerts - Sep. 6, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 112.19 points or 0.76%. The Standard & Poor's 500 Index gained 22.20 points or 1.36%, while the Nasdaq Composite gained 70.14 points or 1.95%. Read More ...

The Health Care Select Sector SPDR sector was the strongest sector (1.99%) last week followed by the Industrial Select Sector SPDR sector (1.86%). The Utilities Select Sector SPDR sector was the worst performing sector (-0.86%) of the week followed by the Consumer Staples Select Sector SPDR sector (0.66%).

The Basic Materials sector is the most overvalued sector followed by Industrial Goods, while Industrial Electrical Eqp, Aerospace/Defense-Maj Dvd, and Small Tools & Accessories are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Services, while Food Wholesale, Rental & Leasing Services, and Diversified Utilities are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
14.34% JCP Penney (J.C.) Consumer Discretionary
12.45% MU Micron Technology Information Technology
12.24% JDSU JDS Uniphase Corp Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-8.38% MUR Murphy Oil Energy
-7.14% KMI Kinder Morgan Inc Energy
-6.73% MSFT Microsoft Corp. Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 0
Downtrend Broken Resistance 15
Uptrend Support 22
Uptrend Exhaustion 6
Uptrend Broken Support 4
Downtrend Resistance 13
Oversold 16