Weekly Stock Market Overview - July 11, 2014

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -124.45 points or -0.73%. The Standard & Poor's 500 Index dropped -17.87 points or -0.90%, while the Nasdaq Composite dropped -70.43 points or -1.57%. Read More ...

The Utilities Select Sector SPDR sector was the strongest sector (0.78%) last week followed by the Consumer Staples Select Sector SPDR sector (0.38%). The Energy Select Sector SPDR sector was the worst performing sector (-1.98%) of the week followed by the Financial Select Sector SPDR sector (-1.52%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Health Care Plans, Drug Delivery, and Medical Instruments/Supls are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Consumer Goods, while Appliances, Confectioners, and Recreational Goods Other are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 6.61% AA Alcoa Inc Materials 4.71% PETM PetSmart, Inc. Consumer Discretionary 4.54% ADM Archer-Daniels-Midland Consumer Staples

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -7.85% FAST Fastenal Co. Industrials -6.88% BBY Best Buy Co., Inc. Consumer Discretionary -6.26% MHK Mohawk Industries Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 1 Downtrend Broken Resistance 16 Uptrend Support 21 Uptrend Exhaustion 13 Uptrend Broken Support 8 Downtrend Resistance 17 Oversold 1