Weekly Stock Market Overview - May 2, 2014

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 151.43 points or 0.93%. The Standard & Poor's 500 Index gained 17.74 points or 0.95%, while the Nasdaq Composite gained 48.34 points or 1.19%. Read More ...

The Technology Select Sector SPDR sector was the strongest sector (1.79%) last week followed by the Consumer Discretionary Select Sector SPDR sector (1.28%). The Utilities Select Sector SPDR sector was the worst performing sector (-1.41%) of the week followed by the Energy Select Sector SPDR sector (0.53%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Electric Utilities, Diversified Utilities, and Drug Delivery are among the most overvalued industries. The Technology sector is the most oversold sector followed by Basic Materials, while Processing Systems/Prods, Technical/System Software, and Internet Info. Providers are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 23.48% POM Pepco Holdings Inc. Utilities 11.25% S Sprint Nextel Corp. Telecommunications Services 10.18% FISV FIserv Inc. Information Technology

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -16.40% JDSU JDS Uniphase Corp Information Technology -11.92% COH Coach, Inc. Consumer Discretionary -8.57% JEC Jacobs Engineering Group Industrials

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 0 Downtrend Broken Resistance 18 Uptrend Support 12 Uptrend Exhaustion 18 Uptrend Broken Support 4 Downtrend Resistance 36 Oversold 7