Friday, March 21, 2014

Weekly Stock Market Overview - March 21, 2014

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 237.10 points or 1.48%. The Standard & Poor's 500 Index gained 25.39 points or 1.38%, while the Nasdaq Composite gained 31.39 points or 0.74%. Read More ...


The Financial Select Sector SPDR sector was the strongest sector (2.75%) last week followed by the Technology Select Sector SPDR sector (1.91%). The Utilities Select Sector SPDR sector was the worst performing sector (-0.93%) of the week followed by the Health Care Select Sector SPDR sector (-0.44%).


The Utilities sector is the most overvalued sector followed by Technology, while Multimedia/Graphics Sftwr, Computer Peripherals, and Information Technlgy Svcs are among the most overvalued industries. The Conglomerates sector is the most oversold sector followed by Financial, while REIT/Healthcare Facilities, Prprty/Casualty Insurance, and Diversified Investments are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
12.64% X United States Steel Corp. Materials
9.91% HPQ Hewlett-Packard Information Technology
9.52% SCHW Charles Schwab Financials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-9.72% SYMC Symantec Corp. Information Technology
-6.23% NEM Newmont Mining Corp. (Hldg. Co.) Materials
-4.72% FRX Forest Laboratories Health Care


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 15
Uptrend Support 9
Uptrend Exhaustion 15
Uptrend Broken Support 7
Downtrend Resistance 24
Oversold 4