Trend Rules

Weekly Stock Market Overview - Jan 27, 2012

2012-01-27T19:53:00.001-08:00

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -60.02 points or -0.47%. The Standard & Poor's 500 Index climbed 0.95 points or 0.07%, while the Nasdaq Composite gained 29.85 points or 1.07%. Read More ...

The Materials sector was the strongest sector (1.64%) last week followed by the Industrial sector (0.83%). The Consumer Staples sector was the worst performing sector (-0.56%) of the week followed by the Health Care sector (-0.08%).

The Technology sector is the most overvalued sector followed by Conglomerates, while Computer Peripherals, Semiconductr-Memory Chips, and Personal Computers are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while Medical Practitioners, Gas Utilities, and Water Utilities are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
18.04%	JCP	Penney (J.C.)	Consumer Discretionary
17.26%	TXT	Textron Inc.	Industrials
12.23%	CA	CA, Inc.	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-18.33%	MWW	Monster Worldwide	Industrials
-12.48%	GLW	Corning Inc.	Information Technology
-11.50%	FTR	Frontier Communications	Telecommunications Services

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	51
Uptrend Support	7
Uptrend Exhaustion	11
Uptrend Broken Support	8
Downtrend Resistance	71
Oversold	2

Weekly Stock Market Overview - Jan 20, 2012

2012-01-20T19:18:00.000-08:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 298.42 points or 2.40%. The Standard & Poor's 500 Index gained 26.29 points or 2.04%, while the Nasdaq Composite gained 76.03 points or 2.80%. Read More ...

The Energy sector was the strongest sector (2.79%) last week followed by the Technology sector (2.76%). The Utilities sector was the worst performing sector (-0.80%) of the week followed by the Consumer Staples sector (0.81%).

The Conglomerates sector is the most overvalued sector followed by Technology, while Computer Peripherals, Long Distance Carriers, and Semiconductr-Memory Chips are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Basic Materials, while Gold, Industrial Metals/Mineral, and Aluminum are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
46.01%	SHLD	Sears Holdings Corporation	Consumer Discretionary
17.26%	JDSU	JDS Uniphase Corp	Information Technology
13.43%	AMD	Advanced Micro Devices	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-15.34%	RRD	R.R. Donnelley & Son	Industrials
-12.28%	SUN	Sunoco., Inc.	Energy
-10.13%	JCI	Johnson Controls	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	4
Downtrend Broken Resistance	48
Uptrend Support	3
Uptrend Exhaustion	20
Uptrend Broken Support	4
Downtrend Resistance	91
Oversold	4

Weekly Stock Market Overview - Jan 13, 2012

2012-01-13T19:44:00.000-08:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 62.14 points or 0.50%. The Standard & Poor's 500 Index gained 11.28 points or 0.88%, while the Nasdaq Composite gained 36.45 points or 1.36%. Read More ...

The Materials sector was the strongest sector (3.83%) last week followed by the Financial sector (3.14%). The Energy sector was the worst performing sector (-1.42%) of the week followed by the Utilities sector (-0.37%).

The Consumer Goods sector is the most overvalued sector followed by Conglomerates, while Housewares & Accessories, Processed/Packaged Goods, and Beverages-Brewers are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while Water Utilities, Gas Utilities, and Drug Delivery are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
14.93%	SHLD	Sears Holdings Corporation	Consumer Discretionary
10.77%	TXT	Textron Inc.	Industrials
10.29%	LM	Legg Mason	Financials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-16.76%	COG	Cabot Oil & Gas Corp.	Energy
-14.46%	SVU	Supervalu Inc.	Consumer Staples
-12.53%	EQT	EQT Corporation	Utilities

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	3
Downtrend Broken Resistance	40
Uptrend Support	7
Uptrend Exhaustion	22
Uptrend Broken Support	6
Downtrend Resistance	69
Oversold	6

Weekly Stock Market Overview - Jan.6, 2012

2012-01-06T20:17:00.001-08:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 142.36 points or 1.17%. The Standard & Poor's 500 Index gained 20.21 points or 1.61%, while the Nasdaq Composite gained 69.07 points or 2.65%. Read More ...

The Materials sector was the strongest sector (3.79%) last week followed by the Financial sector (3.04%). The Utilities sector was the worst performing sector (-2.67%) of the week followed by the Consumer Staples sector (-1.02%).

The Conglomerates sector is the most overvalued sector followed by Consumer Goods, while Housewares & Accessories, Rubber & Plastics, and Processed/Packaged Goods are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Utilities, while Drug Delivery, Water Utilities, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
14.47%	MU	Micron Technology	Information Technology
13.07%	FII	Federated Investors Inc.	Financials
12.94%	LSI	LSI Corporation	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-9.30%	AN	AutoNation, Inc.	Consumer Discretionary
-8.12%	SHLD	Sears Holdings Corporation	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	30
Uptrend Support	1
Uptrend Exhaustion	12
Uptrend Broken Support	4
Downtrend Resistance	58
Oversold	2

Weekly Stock Market Overview - Dec 30, 2011

2011-12-31T06:21:00.000-08:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -76.44 points or -0.62%. The Standard & Poor's 500 Index dropped -7.73 points or -0.61%, while the Nasdaq Composite dropped -13.49 points or -0.52%. Read More ...

The Utilities sector was the strongest sector (0.50%) last week followed by the Consumer Staples sector (-0.25%). The Materials sector was the worst performing sector (-1.21%) of the week followed by the Financial sector (-1.14%).

The Healthcare sector is the most overvalued sector followed by Basic Materials, while Oil & Gas Pipelines, Drug Manufacturers/Major, and Medical Labs & Research are among the most overvalued industries. The Technology sector is the most oversold sector followed by Conglomerates, while Semiconductor-Intgrtd Circ, Information Technlgy Svcs, and Wireless Communications are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
6.24%	PCS	MetroPCS Communications Inc.	Telecommunications Services
4.17%	GILD	Gilead Sciences	Health Care
3.93%	IGT	International Game Technology	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-30.69%	SHLD	Sears Holdings Corporation	Consumer Discretionary
-10.50%	CSC	Computer Sciences Corp.	Information Technology
-7.31%	WHR	Whirlpool Corp.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	20
Uptrend Support	10
Uptrend Exhaustion	31
Uptrend Broken Support	7
Downtrend Resistance	48
Oversold	6

Weekly Stock Market Overview = Dec 23, 2011

2011-12-23T19:23:00.001-08:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 427.61 points or 3.60%. The Standard & Poor's 500 Index gained 45.67 points or 3.74%, while the Nasdaq Composite gained 63.31 points or 2.48%. Read More ...

The Energy sector was the strongest sector (5.23%) last week followed by the Financial sector (4.86%). The Technology sector was the worst performing sector (2.32%) of the week followed by the Consumer Discretionary sector (3.38%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Residential Construction, Drug Manufacturers/Major, and Aerospace/Defense-Maj Dvd are among the most overvalued industries. The Technology sector is the most oversold sector followed by Financial, while Semiconductor-Intgrtd Circ, Wireless Communications, and Investmnt Brokerage-Natl are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
14.29%	CTAS	Cintas Corporation	Industrials
12.90%	DV	DeVry Inc.	Industrials
12.67%	THC	Tenet Healthcare Corp.	Health Care

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-10.78%	ORCL	Oracle Corp.	Information Technology
-6.14%	BBBY	Bed Bath & Beyond	Consumer Discretionary
-5.78%	EMR	Emerson Electric	Industrials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	33
Uptrend Support	9
Uptrend Exhaustion	5
Uptrend Broken Support	3
Downtrend Resistance	46
Oversold	5

Weekly Stock Market Overview - Dec 17, 2011

2011-12-16T19:54:00.001-08:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -317.87 points or -2.61%. The Standard & Poor's 500 Index dropped -35.53 points or -2.83%, while the Nasdaq Composite dropped -91.52 points or -3.46%. Read More ...

The Health Care sector was the strongest sector (-1.21%) last week followed by the Utilities sector (-1.31%). The Energy sector was the worst performing sector (-5.77%) of the week followed by the Materials sector (-4.60%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Residential Construction, Drug Manufacturers/Major, and Heavy Construction are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Semiconductor-Intgrtd Circ, Aluminum, and Wireless Communications are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.59%	VMC	Vulcan Materials	Materials
7.92%	NVLS	Novellus Systems	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-18.96%	SHLD	Sears Holdings Corporation	Consumer Discretionary
-17.50%	BBY	Best Buy Co., Inc.	Consumer Discretionary
-15.82%	RSH	RadioShack Corp.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	4
Downtrend Broken Resistance	26
Uptrend Support	35
Uptrend Exhaustion	1
Uptrend Broken Support	4
Downtrend Resistance	12
Oversold	18

Weekly Stock Market Overview - Dec. 9, 2011

2011-12-09T19:33:00.001-08:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 164.84 points or 1.37%. The Standard & Poor's 500 Index gained 10.91 points or 0.88%, while the Nasdaq Composite gained 19.92 points or 0.76%. Read More ...

The Financial sector was the strongest sector (1.47%) last week followed by the Technology sector (1.17%). The Energy sector was the worst performing sector (-0.32%) of the week followed by the Materials sector (0.29%).

The Services sector is the most overvalued sector followed by Healthcare, while Home Improvement Stores, Electronics Wholesale, and Specialty Eateries are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Industrial Goods, while Waste Management, Lumber Wood Production, and Water Utilities are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
12.01%	GCI	Gannett Co.	Consumer Discretionary
8.58%	MWW	Monster Worldwide	Industrials
7.57%	DF	Dean Foods	Consumer Staples

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-9.09%	DRI	Darden Restaurants	Consumer Discretionary
-8.16%	NFX	Newfield Exploration Co	Energy
-7.27%	STI	SunTrust Banks	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	31
Uptrend Support	2
Uptrend Exhaustion	3
Uptrend Broken Support	0
Downtrend Resistance	23
Oversold	2

Weekly Stock Market Overview - Dec. 2, 2011

2011-12-02T20:22:00.001-08:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 787.48 points or 7.01%. The Standard & Poor's 500 Index gained 85.61 points or 7.39%, while the Nasdaq Composite gained 185.42 points or 7.59%. Read More ...

The Energy sector was the strongest sector (10.32%) last week followed by the Financial sector (9.59%). The Utilities sector was the worst performing sector (3.95%) of the week followed by the Consumer Staples sector (4.51%).

The Healthcare sector is the most overvalued sector followed by Consumer Goods, while Meat Products, Textile-Apparel Footwr/Ac, and Housewares & Accessories are among the most overvalued industries. The Technology sector is the most oversold sector followed by Services, while Music & Video Stores, Wireless Communications, and Semiconductor-Intgrtd Circ are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
24.88%	X	United States Steel Corp.	Materials
19.21%	C	Citigroup Inc.	Financials
18.36%	GT	Goodyear Tire & Rubber	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-8.08%	HSP	Hospira Inc.	Health Care
-5.23%	GLW	Corning Inc.	Information Technology
-2.73%	TIF	Tiffany & Co.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	61
Uptrend Support	3
Uptrend Exhaustion	3
Uptrend Broken Support	5
Downtrend Resistance	25
Oversold	1

Weekly Stock Market Overview - Nov 25, 2011

2011-11-25T19:14:00.001-08:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -564.22 points or -4.78%. The Standard & Poor's 500 Index dropped -56.98 points or -4.69%, while the Nasdaq Composite dropped -130.99 points or -5.09%. Read More ...

The Consumer Staples sector was the strongest sector (-2.22%) last week followed by the Utilities sector (-3.47%). The Energy sector was the worst performing sector (-6.34%) of the week followed by the Financial sector (-5.76%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Electric Utilities, Biotechnology, and Gas Utilities are among the most overvalued industries. The Services sector is the most oversold sector followed by Basic Materials, while Music & Video Stores, Gaming Activities, and Aluminum are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
1.70%	FTR	Frontier Communications	Telecommunications Services
1.67%	AN	AutoNation, Inc.	Consumer Discretionary
1.44%	BIIB	BIOGEN IDEC INC	Health Care

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-15.19%	MWW	Monster Worldwide	Industrials
-14.04%	NBR	Nabors Industries Ltd.	Energy
-13.32%	SVU	Supervalu Inc.	Consumer Staples

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	48
Uptrend Support	98
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	0
Oversold	19

Weekly Stock Market Overview - Nov 18, 2011

2011-11-18T19:12:00.001-08:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -357.52 points or -2.94%. The Standard & Poor's 500 Index dropped -48.20 points or -3.81%, while the Nasdaq Composite dropped -106.25 points or -3.97%. Read More ...

The Consumer Staples sector was the strongest sector (-1.33%) last week followed by the Utilities sector (-2.06%). The Energy sector was the worst performing sector (-5.69%) of the week followed by the Financial sector (-5.55%).

The Healthcare sector is the most overvalued sector followed by Consumer Goods, while Housewares & Accessories, Textile-Apparel Clothing, and Textile-Apparel Footwr/Ac are among the most overvalued industries. The Services sector is the most oversold sector followed by Conglomerates, while Music & Video Stores, Gaming Activities, and Wholesale Other are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.84%	MU	Micron Technology	Information Technology
5.47%	VMC	Vulcan Materials	Materials
4.44%	JEC	Jacobs Engineering Group	Industrials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-17.62%	NTAP	NetApp, Inc.	Information Technology
-16.73%	ANF	Abercrombie & Fitch Co.	Consumer Discretionary
-13.55%	SHLD	Sears Holdings Corporation	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	57
Uptrend Support	18
Uptrend Exhaustion	0
Uptrend Broken Support	1
Downtrend Resistance	0
Oversold	4

Weekly Stock Market Overview - Nov 11, 2011

2011-11-11T19:32:00.001-08:00

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 170.44 points or 1.42%. The Standard & Poor's 500 Index gained 10.62 points or 0.85%, while the Nasdaq Composite dropped -7.40 points or -0.28%. Read More ...

The Health Care sector was the strongest sector (2.65%) last week followed by the Consumer Staples sector (1.58%). The Financial sector was the worst performing sector (-0.38%) of the week followed by the Technology sector (0.42%).

The Basic Materials sector is the most overvalued sector followed by Utilities, while Oil & Gas Pipelines, Electric Utilities, and Gas Utilities are among the most overvalued industries. The Services sector is the most oversold sector followed by Industrial Goods, while Music & Video Stores, Gaming Activities, and Metals Fabrication are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
9.01%	VIA-B	Viacom Inc.	Consumer Discretionary
7.29%	LOW	Lowe's Cos.	Consumer Discretionary
7.08%	NBR	Nabors Industries Ltd.	Energy

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-18.27%	CSC	Computer Sciences Corp.	Information Technology
-12.55%	PWR	Quanta Services Inc.	Industrials
-10.84%	IFF	International Flav/Frag	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	77
Uptrend Support	6
Uptrend Exhaustion	1
Uptrend Broken Support	1
Downtrend Resistance	42
Oversold	0

Weekly Stock Market Overview - Nov 4, 2011

2011-11-04T19:18:00.000-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -247.87 points or -2.03%. The Standard & Poor's 500 Index dropped -31.86 points or -2.48%, while the Nasdaq Composite dropped -51.00 points or -1.86%. Read More ...

The Utilities sector was the strongest sector (-0.09%) last week followed by the Technology sector (-1.62%). The Financial sector was the worst performing sector (-5.44%) of the week followed by the Health Care sector (-2.98%).

The Basic Materials sector is the most overvalued sector followed by Consumer Goods, while Textile-Apparel Clothing, Textile-Apparel Footwr/Ac, and Oil & Gas Pipelines are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Industrial Goods, while Drug Delivery, Metals Fabrication, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
9.78%	BIG	Big Lots, Inc.	Consumer Discretionary
7.92%	RSH	RadioShack Corp.	Consumer Discretionary
7.75%	HUM	Humana Inc.	Health Care

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-24.22%	ANF	Abercrombie & Fitch Co.	Consumer Discretionary
-13.41%	MS	Morgan Stanley	Financials
-11.99%	HIG	Hartford Financial Svc.Gp.	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	113
Uptrend Support	2
Uptrend Exhaustion	3
Uptrend Broken Support	0
Downtrend Resistance	47
Oversold	3

S&P 500 Trend Analysis - 10/28/2011

2011-10-30T11:49:00.001-07:00

It was an up week for the major markets. For the week, the Dow Jones Industrial Average gained 422.32 points or 3.58%, while the NASDAQ Composite gained 99.69 points or 3.78%.

The Standard & Poor's 500 Index gained 46.84 points or 3.78%, and closed at 1285.09 on Friday, October 28, 2011. It was a fourth consecutive positive week for the S&P 500 (^GSPC). Weekly volume was 7% above the average. Read More ...

In our previous publication on September 5th we suggested the following:

"Usually when the price moves below 200 day Moving Average, the next up wave at least retests the 200 day MA as a new resistance level. The Bullish rally usually breaks this resistance level and the price moves above the 200 day MA level. S&P 500 index may break the support around 1100 and move down to the next support area around 1000 - 950."

On October 4th S&P 500 index indeed broke the 1100 support level and made a new low at 1074.77. After making a new low, S&P recovered and closed above the support level. On October 4th the first down wave that has started on May 2nd 2011 at 1370.58 has been completed. It had a five wave's structure.

The rally that had started on October 4th reached 1292.66 on October 27th. It has broken the 200 day Moving Average (1274.24) and retraced 73% of the previous down wave.

The S&P 500 daily Lane's Stochastic (%D-Slow) is overbought, while the Williams' Percentage Range (W%R) is strongly overbought.

More than 86% of the S&P members have overbought daily Williams' Percentage Range indicator (See details) and 55% are strongly overbought (See details). The Lane's stochastic indicator is overbought for more than 50% of S&P members (See details). During the last week, daily Lane's stochastic main line (%K) has declined below the overbought signal line (%D) for almost 20% of the S&P members (See details). Such crossover is considered a bearish signal.

More than 40% of S&P 500 members have the Downtrend Resistance Alert (See details) and more than 28% have the Downtrend Broken Resistance alert (See details). Dow Jones Industrial Average and NASDAQ Composite indices have the Downtrend Resistance Alert.

During the week, the 16 members of the S&P had Buying Climax signal (See details). A buying climax happens when a stock makes a new 52 week high, but the weekly price closes below the previous week's close. The Buying Climax is often considered an exit signal.

All the above technical indicators suggest that S&P 500 index is near a strong resistance area. The rally may reverse or pause soon.

Presented by www.thegreedytrader.com Research Group.

Weekly Stock Market Overview - Oct 28, 2011

2011-10-28T20:01:00.000-07:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 422.32 points or 3.58%. The Standard & Poor's 500 Index gained 46.84 points or 3.78%, while the Nasdaq Composite gained 99.69 points or 3.78%. Read More ...

The Materials sector was the strongest sector (7.85%) last week followed by the Financial sector (7.01%). The Consumer Staples sector was the worst performing sector (0.13%) of the week followed by the Utilities sector (0.37%).

The Basic Materials sector is the most overvalued sector followed by Services, while Auto Parts Stores, Home Furnishing Stores, and Electronics Wholesale are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while Drug Delivery, Specialized Health Svcs, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
25.85%	AMD	Advanced Micro Devices	Information Technology
25.16%	NBR	Nabors Industries Ltd.	Energy
23.79%	ATI	Allegheny Technologies Inc	Materials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-19.50%	AVP	Avon Products	Consumer Staples
-14.31%	DV	DeVry Inc.	Industrials
-9.76%	WHR	Whirlpool Corp.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	141
Uptrend Support	2
Uptrend Exhaustion	6
Uptrend Broken Support	0
Downtrend Resistance	217
Oversold	0

Weekly Stock Market Overview - Oct 21, 2011

2011-10-22T04:30:00.001-07:00

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 164.30 points or 1.41%. The Standard & Poor's 500 Index gained 13.67 points or 1.12%, while the Nasdaq Composite dropped -30.39 points or -1.14%. Read More ...

The Financial sector was the strongest sector (4.21%) last week followed by the Energy sector (2.93%). The Technology sector was the worst performing sector (-1.81%) of the week followed by the Materials sector (-0.33%).

The Basic Materials sector is the most overvalued sector followed by Financial, while Oil & Gas Pipelines, REIT/Healthcare Facilities, and Accident/Health Insurance are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Technology, while Wireless Communications, Metals Fabrication, and Processing Systems/Prods are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
27.57%	EP	El Paso Corp.	Energy
14.76%	HAR	Harman Int'l	Consumer Discretionary
14.40%	STT	State Street Corp.	Financials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-22.80%	HSP	Hospira Inc.	Health Care
-11.88%	NFX	Newfield Exploration Co	Energy
-10.50%	HAL	Halliburton Co.	Energy

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	106
Uptrend Support	0
Uptrend Exhaustion	3
Uptrend Broken Support	0
Downtrend Resistance	152
Oversold	0

Weekly Stock Market Overview - Sep 30, 2011

2011-09-30T20:03:00.001-07:00

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 141.90 points or 1.32%. The Standard & Poor's 500 Index dropped -5.01 points or -0.44%, while the Nasdaq Composite dropped -67.83 points or -2.73%. Read More ...

The Financial sector was the strongest sector (1.11%) last week followed by the Health Care sector (0.79%). The Materials sector was the worst performing sector (-2.93%) of the week followed by the Consumer Discretionary sector (-2.43%).

The Healthcare sector is the most overvalued sector followed by Financial, while REIT/Healthcare Facilities, Drug Manufacturers/Other, and Biotechnology are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Copper, Aluminum, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
11.09%	AFL	AFLAC Corporation	Financials
9.46%	SHLD	Sears Holdings Corporation	Consumer Discretionary
9.28%	JBL	Jabil Circuit	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-24.21%	MU	Micron Technology	Information Technology
-17.67%	AMD	Advanced Micro Devices	Information Technology
-14.01%	JDSU	JDS Uniphase Corp	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	26
Downtrend Broken Resistance	7
Uptrend Support	14
Uptrend Exhaustion	1
Uptrend Broken Support	0
Downtrend Resistance	3
Oversold	61

Weekly Stock Market Overview - Sep 24, 2011

2011-09-23T19:56:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -737.61 points or -6.41%. The Standard & Poor's 500 Index dropped -79.58 points or -6.54%, while the Nasdaq Composite dropped -139.08 points or -5.30%. Read More ...

The Utilities sector was the strongest sector (-1.68%) last week followed by the Technology sector (-3.92%). The Energy sector was the worst performing sector (-12.51%) of the week followed by the Materials sector (-12.40%).

The Technology sector is the most overvalued sector followed by Financial, while Diversified Commun Svcs, REIT/Healthcare Facilities, and Personal Computers are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Music & Video Stores, Aluminum, and Advertising Agencies are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
31.07%	GR	Goodrich Corporation	Industrials
5.08%	WPI	Watson Pharmaceuticals	Health Care
3.10%	GIS	General Mills	Consumer Staples

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-25.79%	CLF	Cliffs Natural Resources Inc	Materials
-22.61%	NBR	Nabors Industries Ltd.	Energy
-22.17%	FCX	Freeport-McMoran Cp & Gld	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	39
Downtrend Broken Resistance	11
Uptrend Support	9
Uptrend Exhaustion	2
Uptrend Broken Support	0
Downtrend Resistance	3
Oversold	115

Weekly Stock Market Overview - Sep 16, 2011

2011-09-16T19:19:00.000-07:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 516.96 points or 4.70%. The Standard & Poor's 500 Index gained 61.78 points or 5.35%, while the Nasdaq Composite gained 154.32 points or 6.25%. Read More ...

The Consumer Discretionary sector was the strongest sector (6.63%) last week followed by the Technology sector (6.34%). The Consumer Staples sector was the worst performing sector (2.80%) of the week followed by the Health Care sector (3.28%).

The Technology sector is the most overvalued sector followed by Financial, while Diversified Commun Svcs, REIT/Healthcare Facilities, and REIT - Residential are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Utilities, while Metals Fabrication, Industrial Electrical Eqp, and Industrial Equip/Componts are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
22.08%	TXT	Textron Inc.	Industrials
18.38%	EBAY	eBay Inc.	Consumer Discretionary
17.35%	COL	Rockwell Collins	Industrials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-5.45%	ESRX	Express Scripts	Health Care
-4.58%	THC	Tenet Healthcare Corp.	Health Care
-4.32%	HSP	Hospira Inc.	Health Care

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	13
Uptrend Support	3
Uptrend Exhaustion	3
Uptrend Broken Support	0
Downtrend Resistance	51
Oversold	2

Weekly Stock Market Overview - Sep. 9, 2011

2011-09-09T19:49:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -248.13 points or -2.21%. The Standard & Poor's 500 Index dropped -19.74 points or -1.68%, while the Nasdaq Composite dropped -12.34 points or -0.50%. Read More ...

The Technology sector was the strongest sector (-0.55%) last week followed by the Consumer Staples sector (-1.12%). The Financial sector was the worst performing sector (-2.47%) of the week followed by the Materials sector (-2.36%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Drug Manufacturers/Other, Drug Manufacturers/Major, and Biotechnology are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Consumer Goods, while Dairy Products, Appliances, and Auto Manufacturers/Major are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.45%	MU	Micron Technology	Information Technology
12.51%	YHOO	Yahoo Inc.	Information Technology
10.85%	SNDK	SanDisk Corp.	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-11.72%	PLL	Pall Corp.	Industrials
-9.97%	WHR	Whirlpool Corp.	Consumer Discretionary
-9.39%	MWW	Monster Worldwide	Industrials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	9
Uptrend Support	0
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	5
Oversold	22

S&P 500 Trend Analysis - Sep. 5, 2011

2011-09-05T14:02:00.000-07:00

S&P 500 Trend Analysis - 9/5/2011

It was a mixed week for the major markets. During the week, the Dow Jones Industrial Average dropped -44.28 points or -0.39%. The Standard & Poor's 500 Index dropped -2.83 points or -0.24%, while the NASDAQ Composite climbed 0.48 points or 0.02%.

The Standard & Poor's 500 Index (^GSPC) closed at 1173.97 on Friday, September 02, 2011. It was trading at the average weekly trading volume. Read More ...

S&P 500 index long-term downtrend is forming a three wave’s structure (See Figure 1). The first wave down (A) had started on October 11, 2007 at 1576.09 and lost 909.30 points, or 57.69%, in 73 weeks and reached 666.79 on March 6, 2009. The second wave (B) gained 703.79 points, or more than 105%, in 26 month and reached 1370.58 on May 2, 2011. Wave B made a lower high; it is a bearish signal. The third wave down (C) is in progress now.

S&P 500 long-term trend

Figure 1

The recent rally had started on August 9th, 2011 at 1101.54 and reached 1,230.71 on August 31st, 2011. It is a sub wave of a long-term C wave and it has a three wave’s structure as well (See Figure 3). Several technical indicators suggest that it was a bearish rally:

Usually when the price moves below 200 day Moving Average, the next up wave at least retests the 200 day MA as a new resistance level. The Bullish rally usually breaks this resistance level and the price moves above the 200 day MA level. The current rally is weak and it was not even able to reach the 200 day MA.
Daily Lane's Stochastic %D line is about to crossover with %k line. It is usually considered as a sell signal.
Sub wave C’s high is only 1.8% higher than sub wave A’s high, while daily Lane's Stochastic has raised substantially and has moved into an overbought area. This divergence is considered as a bearish signal.
The rally could not reach the Upper Bollinger Band, and this is a bearish indicator.

All the above signals may indicate that the rally might be over, and a new sub wave down has started. S&P 500 index may break the support around 1100 and move down to the next support area around 1000 - 950.

S&P 500 medium-term trend

Figure 2

Presented by www.thegreedytrader.com Research Group.

Weekly Stock Market Overview - September 2, 2011

2011-09-02T19:31:00.000-07:00

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -44.28 points or -0.39%. The Standard & Poor's 500 Index dropped -2.83 points or -0.24%, while the Nasdaq Composite climbed 0.48 points or 0.02%. Read More ...

The Utilities sector was the strongest sector (0.88%) last week followed by the Health Care sector (0.65%). The Financial sector was the worst performing sector (-1.80%) of the week followed by the Technology sector (-0.76%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Drug Manufacturers/Other, Drug Manufacturers/Major, and Biotechnology are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Financial, while Regional-Southeast Banks, Diversified Investments, and Regional-Pacific Banks are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.63%	MWW	Monster Worldwide	Industrials
14.21%	JDSU	JDS Uniphase Corp	Information Technology
9.17%	FDO	Family Dollar Stores	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-7.21%	FHN	First Horizon National	Financials
-7.11%	SLM	SLM Corporation	Financials
-6.90%	MON	Monsanto Co.	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	6
Uptrend Support	0
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	13
Oversold	1

Weekly Stock Market Overview - August 26. 2011

2011-08-26T20:33:00.001-07:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 466.89 points or 4.32%. The Standard & Poor's 500 Index gained 53.27 points or 4.74%, while the Nasdaq Composite gained 138.01 points or 5.89%. Read More ...

The Industrial sector was the strongest sector (6.18%) last week followed by the Consumer Discretionary sector (6.08%). The Utilities sector was the worst performing sector (1.88%) of the week followed by the Consumer Staples sector (2.10%).

The Utilities sector is the most overvalued sector followed by Industrial Goods, while Diversified Utilities, Electric Utilities, and Gas Utilities are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Aluminum, Conglomerates, and Chemicals-Major Diversifd are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
20.31%	TIF	Tiffany & Co.	Consumer Discretionary
19.15%	COH	Coach, Inc.	Consumer Discretionary
16.68%	VMC	Vulcan Materials	Materials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-5.56%	PLD	ProLogis	Financials
-4.97%	S	Sprint Nextel Corp.	Telecommunications Services
-4.55%	URBN	Urban Outfitters Inc.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	3
Downtrend Broken Resistance	7
Uptrend Support	5
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	12
Oversold	39

Weekly Stock Market Overview - August 19, 2011

2011-08-19T20:12:00.000-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -451.37 points or -4.01%. The Standard & Poor's 500 Index dropped -55.28 points or -4.69%, while the Nasdaq Composite dropped -166.14 points or -6.62%. Read More ...

The Utilities sector was the strongest sector (2.18%) last week followed by the Consumer Staples sector (0.03%). The Industrial sector was the worst performing sector (-7.23%) of the week followed by the Materials sector (-7.08%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Diversified Utilities, Gas Utilities, and Electric Utilities are among the most overvalued industries. The Services sector is the most oversold sector followed by Consumer Goods, while Regional Airlines, Dairy Products, and Appliances are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
6.88%	S	Sprint Nextel Corp.	Telecommunications Services
5.13%	WMT	Wal-Mart Stores	Consumer Staples
5.08%	RAI	Reynolds American In	Consumer Staples

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-26.98%	HPQ	Hewlett-Packard	Information Technology
-21.40%	TDC	Teradata Corp.	Telecommunications Services
-19.77%	ADSK	Autodesk, Inc.	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	44
Downtrend Broken Resistance	3
Uptrend Support	30
Uptrend Exhaustion	2
Uptrend Broken Support	0
Downtrend Resistance	5
Oversold	132

Weekly Stock Market Overview - August 12, 2011

2011-08-12T19:37:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -175.59 points or -1.53%. The Standard & Poor's 500 Index dropped -20.57 points or -1.72%, while the Nasdaq Composite dropped -24.43 points or -0.96%. Read More ...

The Materials sector was the strongest sector (0.35%) last week followed by the Health Care sector (-0.53%). The Financial sector was the worst performing sector (-4.84%) of the week followed by the Energy sector (-1.63%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Gas Utilities, Drug Manufacturers/Other, and Diversified Utilities are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Basic Materials, while Dairy Products, Appliances, and Business Equipment are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.72%	YHOO	Yahoo Inc.	Information Technology
10.63%	NWSA	News Corporation	Consumer Discretionary
8.00%	COG	Cabot Oil & Gas Corp.	Energy

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-23.05%	DV	DeVry Inc.	Industrials
-16.20%	CMA	Comerica Inc.	Financials
-15.69%	RF	Regions Financial Corp.	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	18
Downtrend Broken Resistance	4
Uptrend Support	32
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	0
Oversold	108

Weekly Stock Market Overview - August 5, 2011

2011-08-05T19:59:00.000-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -698.63 points or -5.75%. The Standard & Poor's 500 Index dropped -92.90 points or -7.19%, while the Nasdaq Composite dropped -223.97 points or -8.13%. Read More ...

The Consumer Staples sector was the strongest sector (-2.98%) last week followed by the Utilities sector (-3.86%). The Energy sector was the worst performing sector (-10.96%) of the week followed by the Materials sector (-9.71%).

The Utilities sector is the most overvalued sector followed by Technology, while Personal Computers, Computer Peripherals, and Gas Utilities are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Conglomerates, while Home Furnishings/Fixtures, Housewares & Accessories, and Appliances are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
1.28%	PCG	PG&E Corp.	Utilities
1.27%	ED	Consolidated Edison	Utilities
0.98%	PEP	PepsiCo Inc.	Consumer Staples

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-41.46%	PCS	MetroPCS Communications Inc.	Telecommunications Services
-23.14%	PHM	Pulte Homes, Inc.	Consumer Discretionary
-21.13%	NBR	Nabors Industries Ltd.	Energy

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	20
Downtrend Broken Resistance	1
Uptrend Support	97
Uptrend Exhaustion	1
Uptrend Broken Support	0
Downtrend Resistance	1
Oversold	124

Weekly Stock Market Overview - July 29. 2011

2011-07-29T20:24:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -537.92 points or -4.24%. The Standard & Poor's 500 Index dropped -52.74 points or -3.92%, while the Nasdaq Composite dropped -102.45 points or -3.58%. Read More ...

The Utilities sector was the strongest sector (-1.92%) last week followed by the Consumer Staples sector (-2.87%). The Industrial sector was the worst performing sector (-5.84%) of the week followed by the Materials sector (-4.86%).

The Basic Materials sector is the most overvalued sector followed by Services, while Jewelry Stores, Specialty Eateries, and Home Furnishing Stores are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Industrial Goods, while Heavy Construction, Industrial Equip/Componts, and General Building Matrials are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
12.88%	LXK	Lexmark Int'l Inc	Information Technology
9.69%	LSI	LSI Corporation	Information Technology
6.18%	RSH	RadioShack Corp.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-22.51%	IPG	Interpublic Group	Consumer Discretionary
-18.02%	S	Sprint Nextel Corp.	Telecommunications Services
-17.49%	BMC	BMC Software	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	10
Downtrend Broken Resistance	23
Uptrend Support	58
Uptrend Exhaustion	1
Uptrend Broken Support	0
Downtrend Resistance	2
Oversold	80

Weekly Stock Market Overview - July 22, 2011

2011-07-22T20:02:00.001-07:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 201.43 points or 1.61%. The Standard & Poor's 500 Index gained 28.88 points or 2.19%, while the Nasdaq Composite gained 69.03 points or 2.47%. Read More ...

The Energy sector was the strongest sector (3.73%) last week followed by the Financial sector (3.16%). The Industrial sector was the worst performing sector (0.79%) of the week followed by the Materials sector (0.96%).

The Basic Materials sector is the most overvalued sector followed by Healthcare, while Drug Manufacturers/Other, Medical Practitioners, and Agricultural Chemicals are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Consumer Goods, while Appliances, Housewares & Accessories, and Auto Manufacturers/Major are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
22.15%	MHS	Medco Health Solutions Inc.	Health Care
20.53%	AMD	Advanced Micro Devices	Information Technology
15.64%	RHI	Robert Half International	Industrials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-12.40%	EW	Edwards Lifesciences Corp	Health Care
-12.29%	AVY	Avery Dennison Corp.	Industrials
-11.87%	SWY	Safeway Inc.	Consumer Staples

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	31
Uptrend Support	12
Uptrend Exhaustion	2
Uptrend Broken Support	0
Downtrend Resistance	28
Oversold	22

Weekly Stock Market Overview - July 15, 2011

2011-07-15T19:04:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -177.47 points or -1.40%. The Standard & Poor's 500 Index dropped -27.66 points or -2.06%, while the Nasdaq Composite dropped -70.01 points or -2.45%. Read More ...

The Energy sector was the strongest sector (-0.04%) last week followed by the Utilities sector (-1.18%). The Financial sector was the worst performing sector (-3.95%) of the week followed by the Industrial sector (-3.38%).

The Healthcare sector is the most overvalued sector followed by Conglomerates, while Medical Practitioners, Drug Manufacturers/Other, and Health Care Plans are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Services, while Specialty Retail Other, Regional Airlines, and Personal Services are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
9.44%	CLX	Clorox Co.	Consumer Staples
8.24%	SWN	Southwestern Energy Co.	Utilities
7.74%	NBR	Nabors Industries Ltd.	Energy

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-15.49%	FLIR	FLIR Systems Inc.	Information Technology
-14.60%	MCHP	Microchip Technology	Information Technology
-11.34%	NVLS	Novellus Systems	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	5
Downtrend Broken Resistance	33
Uptrend Support	26
Uptrend Exhaustion	1
Uptrend Broken Support	1
Downtrend Resistance	13
Oversold	45

Weekly Stock Market Overview - July 7, 2011

2011-07-08T19:23:00.000-07:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 74.43 points or 0.59%. The Standard & Poor's 500 Index gained 4.13 points or 0.31%, while the Nasdaq Composite gained 43.78 points or 1.55%. Read More ...

The Technology sector was the strongest sector (1.34%) last week followed by the Materials sector (1.26%). The Financial sector was the worst performing sector (-1.09%) of the week followed by the Health Care sector (-0.50%).

The Basic Materials sector is the most overvalued sector followed by Conglomerates, while Specialty Chemicals, Agricultural Chemicals, and Chemicals-Major Diversifd are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Industrial Goods, while Heavy Construction, Metals Fabrication, and Industrial Equip/Componts are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
10.75%	URBN	Urban Outfitters Inc.	Consumer Discretionary
6.70%	TGT	Target Corp.	Consumer Discretionary
6.55%	KSS	Kohl's Corp.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-7.25%	NWSA	News Corporation	Consumer Discretionary
-6.70%	SCHW	Charles Schwab	Financials
-6.29%	JDSU	JDS Uniphase Corp	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	40
Uptrend Support	0
Uptrend Exhaustion	8
Uptrend Broken Support	1
Downtrend Resistance	58
Oversold	0

Weekly Stock Market Overview - July 1, 2011

2011-07-01T19:22:00.001-07:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 648.19 points or 5.43%. The Standard & Poor's 500 Index gained 71.22 points or 5.61%, while the Nasdaq Composite gained 163.14 points or 6.15%. Read More ...

The Energy sector was the strongest sector (7.23%) last week followed by the Consumer Discretionary sector (6.55%). The Consumer Staples sector was the worst performing sector (2.81%) of the week followed by the Utilities sector (3.29%).

The Conglomerates sector is the most overvalued sector followed by Financial, while REIT - Industrial, Credit Services, and REIT - Residential are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Industrial Goods, while Heavy Construction, Metals Fabrication, and Hospitals are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.49%	EBAY	eBay Inc.	Consumer Discretionary
13.11%	NKE	NIKE Inc.	Consumer Discretionary
12.50%	COH	Coach, Inc.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-33.50%	MRO	Marathon Oil Corp.	Energy
-1.48%	BBY	Best Buy Co., Inc.	Consumer Discretionary
-0.97%	MO	Altria Group, Inc.	Consumer Staples

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	35
Uptrend Support	1
Uptrend Exhaustion	7
Uptrend Broken Support	0
Downtrend Resistance	30
Oversold	2

Weekly Stock Market Overview - June 24, 2011

2011-06-24T19:41:00.000-07:00

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -69.78 points or -0.58%. The Standard & Poor's 500 Index dropped -3.05 points or -0.24%, while the Nasdaq Composite gained 36.41 points or 1.39%. Read More ...

The Materials sector was the strongest sector (2.27%) last week followed by the Consumer Discretionary sector (1.45%). The Consumer Staples sector was the worst performing sector (-1.69%) of the week followed by the Energy sector (-1.05%).

The Financial sector is the most overvalued sector followed by Consumer Goods, while Processed/Packaged Goods, Dairy Products, and REIT - Industrial are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Specialty Retail Other, Technical Services, and Publishing - Newspapers are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
9.21%	TLAB	Tellabs, Inc.	Information Technology
9.14%	BIIB	BIOGEN IDEC INC	Health Care
8.85%	BBBY	Bed Bath & Beyond	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-7.92%	MU	Micron Technology	Information Technology
-7.34%	WAG	Walgreen Co.	Consumer Staples
-6.65%	FHN	First Horizon National	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	4
Uptrend Support	12
Uptrend Exhaustion	2
Uptrend Broken Support	1
Downtrend Resistance	8
Oversold	17

Weekly Stock Market Overview - June 17, 2011

2011-06-17T19:46:00.001-07:00

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 52.45 points or 0.44%. The Standard & Poor's 500 Index climbed 0.52 points or 0.04%, while the Nasdaq Composite dropped -27.25 points or -1.03%. Read More ...

The Consumer Staples sector was the strongest sector (0.73%) last week followed by the Industrial sector (0.68%). The Materials sector was the worst performing sector (-2.53%) of the week followed by the Energy sector (-2.24%).

The Healthcare sector is the most overvalued sector followed by Services, while Drug Manufacturers/Other, Jewelry Stores, and Health Care Plans are among the most overvalued industries. The Technology sector is the most oversold sector followed by Basic Materials, while Computer Peripherals, Semiconductor-Intgrtd Circ, and Networking & Commun Dvcs are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
14.61%	JCP	Penney (J.C.)	Consumer Discretionary
12.02%	ODP	Office Depot	Consumer Discretionary
11.98%	VFC	V.F. Corp.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-11.73%	MCO	Moody's Corp	Financials
-8.04%	NBR	Nabors Industries Ltd.	Energy
-8.01%	JDSU	JDS Uniphase Corp	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	9
Downtrend Broken Resistance	6
Uptrend Support	64
Uptrend Exhaustion	0
Uptrend Broken Support	3
Downtrend Resistance	2
Oversold	60

Weekly Stock Market Overview - June 10, 2011

2011-06-10T19:11:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -199.35 points or -1.64%. The Standard & Poor's 500 Index dropped -29.18 points or -2.24%, while the Nasdaq Composite dropped -89.05 points or -3.26%. Read More ...

The Utilities sector was the strongest sector (-0.66%) last week followed by the Health Care sector (-1.09%). The Technology sector was the worst performing sector (-3.01%) of the week followed by the Consumer Discretionary sector (-2.72%).

The Industrial Goods sector is the most overvalued sector followed by Conglomerates, while Waste Management, Conglomerates, and Aerospace/Defense-Maj Dvd are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Consumer Goods, while Housewares & Accessories, Recreational Vehicles, and Business Equipment are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
6.99%	SEE	Sealed Air Corp.(New)	Materials
4.74%	AIG	American Int'l. Group	Financials
4.44%	MCO	Moody's Corp	Financials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-11.89%	ODP	Office Depot	Consumer Discretionary
-11.38%	PHM	Pulte Homes, Inc.	Consumer Discretionary
-11.20%	MAS	Masco Corp.	Industrials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	14
Downtrend Broken Resistance	7
Uptrend Support	104
Uptrend Exhaustion	1
Uptrend Broken Support	2
Downtrend Resistance	0
Oversold	77

Weekly Stock Market Overview - June 3, 2011

2011-06-03T18:59:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -290.32 points or -2.33%. The Standard & Poor's 500 Index dropped -30.94 points or -2.32%, while the Nasdaq Composite dropped -64.08 points or -2.29%. Read More ...

The Utilities sector was the strongest sector (-1.28%) last week followed by the Health Care sector (-1.40%). The Materials sector was the worst performing sector (-3.23%) of the week followed by the Industrial sector (-3.19%).

The Basic Materials sector is the most overvalued sector followed by Conglomerates, while Agricultural Chemicals, Oil & Gas Pipelines, and Specialty Chemicals are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Financial, while Money Center Banks, Investmnt Brokerage-Natl, and Life Insurance are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
14.47%	APOL	Apollo Group	Consumer Discretionary
11.61%	DV	DeVry Inc.	Industrials
3.33%	NYT	New York Times Cl. A	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-15.18%	NWL	Newell Rubbermaid Co.	Consumer Discretionary
-13.65%	SEE	Sealed Air Corp.(New)	Materials
-11.75%	SVU	Supervalu Inc.	Consumer Staples

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	9
Downtrend Broken Resistance	13
Uptrend Support	64
Uptrend Exhaustion	2
Uptrend Broken Support	3
Downtrend Resistance	3
Oversold	53

Weekly Stock Market Overview - May 27, 2011

2011-05-27T18:57:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -70.46 points or -0.56%. The Standard & Poor's 500 Index dropped -2.17 points or -0.16%, while the Nasdaq Composite dropped -6.46 points or -0.23%. Read More ...

The Energy sector was the strongest sector (2.29%) last week followed by the Materials sector (2.18%). The Utilities sector was the worst performing sector (-1.49%) of the week followed by the Health Care sector (-0.97%).

The Basic Materials sector is the most overvalued sector followed by Utilities, while Water Utilities, Electric Utilities, and Agricultural Chemicals are among the most overvalued industries. The Technology sector is the most oversold sector followed by Services, while Computer Peripherals, Semiconductor-Intgrtd Circ, and Publishing - Periodicals are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
10.49%	TIF	Tiffany & Co.	Consumer Discretionary
8.98%	BRCM	Broadcom Corporation	Information Technology
7.89%	EP	El Paso Corp.	Energy

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-10.18%	CSC	Computer Sciences Corp.	Information Technology
-8.77%	MHS	Medco Health Solutions Inc.	Health Care
-8.11%	EK	Eastman Kodak	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	16
Uptrend Support	23
Uptrend Exhaustion	6
Uptrend Broken Support	3
Downtrend Resistance	5
Oversold	29

Weekly Stock Market Overview - May 20, 2011

2011-05-20T19:21:00.000-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -83.71 points or -0.66%. The Standard & Poor's 500 Index dropped -4.50 points or -0.34%, while the Nasdaq Composite dropped -25.15 points or -0.89%. Read More ...

The Energy sector was the strongest sector (1.14%) last week followed by the Consumer Staples sector (0.65%). The Technology sector was the worst performing sector (-1.10%) of the week followed by the Industrial sector (-0.82%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Drug Manufacturers/Other, Health Care Plans, and Drug Manufacturers/Major are among the most overvalued industries. The Conglomerates sector is the most oversold sector followed by Basic Materials, while Copper, Oil & Gas Equipment/Svcs, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
23.33%	EK	Eastman Kodak	Consumer Discretionary
7.79%	MAS	Masco Corp.	Industrials
7.25%	S	Sprint Nextel Corp.	Telecommunications Services

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-19.16%	SPLS	Staples Inc.	Consumer Discretionary
-16.62%	GPS	Gap (The)	Consumer Discretionary
-13.56%	ODP	Office Depot	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	4
Downtrend Broken Resistance	13
Uptrend Support	29
Uptrend Exhaustion	30
Uptrend Broken Support	6
Downtrend Resistance	14
Oversold	21

Weekly Stock Market Overview - May 13, 2011

2011-05-13T19:21:00.000-07:00

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -42.99 points or -0.34%. The Standard & Poor's 500 Index dropped -2.43 points or -0.18%, while the Nasdaq Composite climbed 0.91 points or 0.03%. Read More ...

The Consumer Staples sector was the strongest sector (2.13%) last week followed by the Utilities sector (1.86%). The Financial sector was the worst performing sector (-2.11%) of the week followed by the Materials sector (-1.78%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Drug Manufacturers/Major, Health Care Plans, and Drug Manufacturers/Other are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Publishing - Periodicals, Publishing - Newspapers, and Regional Airlines are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
22.24%	DF	Dean Foods	Consumer Staples
11.47%	SYY	Sysco Corp.	Consumer Staples
9.13%	M	Macy's Inc.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-11.40%	BSX	Boston Scientific	Health Care
-11.26%	YHOO	Yahoo Inc.	Information Technology
-8.24%	HRB	Block H & R	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	3
Downtrend Broken Resistance	12
Uptrend Support	27
Uptrend Exhaustion	37
Uptrend Broken Support	2
Downtrend Resistance	24
Oversold	16

Weekly Stock Market Overview - May 6, 2011

2011-05-06T18:56:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -171.80 points or -1.34%. The Standard & Poor's 500 Index dropped -23.41 points or -1.72%, while the Nasdaq Composite dropped -45.98 points or -1.60%. Read More ...

The Health Care sector was the strongest sector (0.74%) last week followed by the Utilities sector (0.39%). The Energy sector was the worst performing sector (-7.06%) of the week followed by the Materials sector (-3.72%).

The Industrial Goods sector is the most overvalued sector followed by Utilities, while Water Utilities, Electric Utilities, and Waste Management are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Oil & Gas Equipment/Svcs, Copper, and Agricultural Chemicals are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
10.84%	NVLS	Novellus Systems	Information Technology
9.08%	M	Macy's Inc.	Consumer Discretionary
7.78%	ERTS	Electronic Arts	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-14.65%	CSC	Computer Sciences Corp.	Information Technology
-13.07%	HP	Helmerich & Payne	Energy
-12.86%	PXD	Pioneer Natural Resources Co.	Energy

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	12
Uptrend Support	20
Uptrend Exhaustion	13
Uptrend Broken Support	1
Downtrend Resistance	17
Oversold	12

Weekly Stock Market Overview - April 29, 2011

2011-04-29T19:09:00.001-07:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 304.55 points or 2.44%. The Standard & Poor's 500 Index gained 26.23 points or 1.96%, while the Nasdaq Composite gained 53.38 points or 1.89%. Read More ...

The Health Care sector was the strongest sector (2.89%) last week followed by the Utilities sector (2.85%). The Materials sector was the worst performing sector (1.04%) of the week followed by the Technology sector (1.48%).

The Basic Materials sector is the most overvalued sector followed by Technology, while Wireless Communications, Multimedia/Graphics Sftwr, and Long Distance Carriers are among the most overvalued industries. The Financial sector is the most oversold sector followed by Services, while General Entertainment, Publishing - Periodicals, and Specialty Retail Other are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
13.72%	GT	Goodyear Tire & Rubber	Consumer Discretionary
13.69%	OXY	Occidental Petroleum	Energy
12.69%	NSC	Norfolk Southern Corp.	Industrials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-13.66%	EK	Eastman Kodak	Consumer Discretionary
-12.90%	BRCM	Broadcom Corporation	Information Technology
-12.65%	LXK	Lexmark Int'l Inc	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	20
Uptrend Support	6
Uptrend Exhaustion	43
Uptrend Broken Support	3
Downtrend Resistance	40
Oversold	11

Weekly Stock Market Overview - April 21, 2011

2011-04-21T19:05:00.000-07:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 164.16 points or 1.33%. The Standard & Poor's 500 Index gained 17.70 points or 1.34%, while the Nasdaq Composite gained 55.51 points or 2.01%. Read More ...

The Materials sector was the strongest sector (2.77%) last week followed by the Technology sector (2.37%). The Financial sector was the worst performing sector (-0.25%) of the week followed by the Consumer Staples sector (0.19%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Small Tools & Accessories, Health Care Plans, and Drug Delivery are among the most overvalued industries. The Services sector is the most oversold sector followed by Utilities, while General Entertainment, Specialty Retail Other, and Regional Airlines are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
20.18%	BIIB	BIOGEN IDEC INC	Health Care
10.35%	SLM	SLM Corporation	Financials
8.66%	INTC	Intel Corp.	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-6.33%	GILD	Gilead Sciences	Health Care
-5.89%	HOG	HarleyDavidson	Consumer Discretionary
-5.33%	KEY	KeyCorp	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	17
Uptrend Support	13
Uptrend Exhaustion	19
Uptrend Broken Support	4
Downtrend Resistance	28
Oversold	7

Weekly Stock Market Overview - April 15, 2011

2011-04-15T19:10:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -38.22 points or -0.31%. The Standard & Poor's 500 Index dropped -8.49 points or -0.64%, while the Nasdaq Composite dropped -15.77 points or -0.57%. Read More ...

The Consumer Staples sector was the strongest sector (1.95%) last week followed by the Health Care sector (1.80%). The Energy sector was the worst performing sector (-3.17%) of the week followed by the Materials sector (-2.09%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Health Care Plans, Small Tools & Accessories, and Farm/Construction Machnry are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Agricultural Chemicals, Copper, and Gold are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
13.19%	BIIB	BIOGEN IDEC INC	Health Care
12.74%	SVU	Supervalu Inc.	Consumer Staples
7.29%	COH	Coach, Inc.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-11.79%	THC	Tenet Healthcare Corp.	Health Care
-7.81%	AA	Alcoa Inc	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	16
Uptrend Support	18
Uptrend Exhaustion	12
Uptrend Broken Support	2
Downtrend Resistance	19
Oversold	9

Weekly Stock Market Overview - April 8, 2011

2011-04-08T19:02:00.000-07:00

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 3.33 points or 0.03%. The Standard & Poor's 500 Index dropped -4.24 points or -0.32%, while the Nasdaq Composite dropped -9.18 points or -0.33%. Read More ...

The Consumer Staples sector was the strongest sector (0.60%) last week followed by the Health Care sector (0.12%). The Industrial sector was the worst performing sector (-1.47%) of the week followed by the Consumer Discretionary sector (-0.61%).

The Healthcare sector is the most overvalued sector followed by Conglomerates, while Hospitals, Health Care Plans, and Medical Appliances/Equip. are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Technology, while Semiconductor-Intgrtd Circ, Networking & Commun Dvcs, and Information Technlgy Svcs are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
68.94%	NSM	National Semiconductor	Information Technology
13.76%	ANF	Abercrombie & Fitch Co.	Consumer Discretionary
12.67%	LTD	Limited Brands, Inc.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-9.50%	MON	Monsanto Co.	Materials
-7.81%	LUV	Southwest Airlines	Industrials
-6.62%	KLAC	KLA-Tencor Corp.	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	9
Uptrend Support	6
Uptrend Exhaustion	16
Uptrend Broken Support	1
Downtrend Resistance	28
Oversold	3

Weekly Stock Market Overview - April 1, 2011

2011-04-01T19:07:00.000-07:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 156.13 points or 1.28%. The Standard & Poor's 500 Index gained 18.61 points or 1.42%, while the Nasdaq Composite gained 46.54 points or 1.70%. Read More ...

The Materials sector was the strongest sector (2.40%) last week followed by the Industrial sector (2.37%). The Technology sector was the worst performing sector (0.50%) of the week followed by the Financial sector (1.16%).

The Industrial Goods sector is the most overvalued sector followed by Conglomerates, while Lumber Wood Production, Farm/Construction Machnry, and Small Tools & Accessories are among the most overvalued industries. The Financial sector is the most oversold sector followed by Utilities, while Savings & Loans, REIT - Hotel/Motel, and Investmnt Brokerage-Natl are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
31.33%	CEPH	Cephalon Inc.	Health Care
9.46%	IP	International Paper	Materials
7.84%	SLB	Schlumberger Ltd.	Energy

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-13.02%	ODP	Office Depot	Consumer Discretionary
-8.59%	LEN	Lennar Corp.	Consumer Discretionary
-7.97%	NOC	Northrop Grumman Corp.	Industrials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	11
Uptrend Support	4
Uptrend Exhaustion	20
Uptrend Broken Support	5
Downtrend Resistance	26
Oversold	7

Weekly Stock Market Overview - March 25, 2011

2011-03-25T19:01:00.000-07:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 362.07 points or 3.05%. The Standard & Poor's 500 Index gained 34.60 points or 2.70%, while the Nasdaq Composite gained 99.39 points or 3.76%. Read More ...

The Energy sector was the strongest sector (4.38%) last week followed by the Materials sector (3.98%). The Financial sector was the worst performing sector (0.43%) of the week followed by the Utilities sector (1.65%).

The Basic Materials sector is the most overvalued sector followed by Conglomerates, while Oil & Gas Pipelines, Oil & Gas Drilling/Explor, and Major Integrated Oil/Gas are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Financial, while Savings & Loans, REIT - Hotel/Motel, and Regional-Midwest Banks are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
14.70%	MU	Micron Technology	Information Technology
14.47%	JBL	Jabil Circuit	Information Technology
10.67%	NBR	Nabors Industries Ltd.	Energy

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-7.33%	S	Sprint Nextel Corp.	Telecommunications Services
-7.33%	BBY	Best Buy Co., Inc.	Consumer Discretionary
-4.99%	BAC	Bank of America Corp.	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	14
Uptrend Support	8
Uptrend Exhaustion	9
Uptrend Broken Support	6
Downtrend Resistance	18
Oversold	3

Weekly Stock Market Overview - March 18, 2011

2011-03-18T19:19:00.001-07:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -185.88 points or -1.54%. The Standard & Poor's 500 Index dropped -25.08 points or -1.92%, while the Nasdaq Composite dropped -71.94 points or -2.65%. Read More ...

The Materials sector was the strongest sector (-0.47%) last week followed by the Financial sector (-1.63%). The Utilities sector was the worst performing sector (-5.04%) of the week followed by the Consumer Discretionary sector (-3.67%).

The Utilities sector is the most overvalued sector followed by Basic Materials, while Oil & Gas Pipelines, Water Utilities, and Oil & Gas Drilling/Explor are among the most overvalued industries. The Technology sector is the most oversold sector followed by Industrial Goods, while Information Technlgy Svcs, Internet Info. Providers, and Processing Systems/Prods are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
11.44%	SWN	Southwestern Energy Co.	Utilities
11.20%	BTU	Peabody Energy Corp	Materials
10.11%	COG	Cabot Oil & Gas Corp.	Energy

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-13.69%	MHS	Medco Health Solutions Inc.	Health Care
-11.14%	COH	Coach, Inc.	Consumer Discretionary
-10.99%	NKE	NIKE Inc.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	5
Uptrend Support	44
Uptrend Exhaustion	1
Uptrend Broken Support	3
Downtrend Resistance	3
Oversold	21

S&P 500 Trend Analysis - 3/11/2011

2011-03-13T18:57:00.000-07:00

All the major US indices were negative. For the week ending March 11, 2001 the Dow Jones Industrial Average dropped -125.48 points or -1.03%. The NASDAQ Composite dropped -69.06 points or -2.48%. The S&P 500 index dropped -16.87 points, or -1.28%, and closed at 1304.28 on Friday, March 11, 2011. Weekly volume was -6% below average. Read More ...

S&P 500 index long-term uptrend had started on March 6, 2009 at 666.79 and reached 1344.07 on February 18, 2011. S&P 500 gained 677.28 points, or more than 101%, in less than two years. Weekly Lane's Stochastic (%D-Slow) is overbought. The chart has formed a three wave’s structure. The third (C) wave is in progress now.

S&P 500 long-term trend

The third (C) wave up has a five wave structure. It has started on July 1st at 1010.91 and gained almost 33% reaching 1344.07 on February 18, 2011. The wave has formed a channel. Price is near the support line. Daily Williams' Percentage Range (W%R) is strong oversold.

S&P 500 medium-term trend

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level.

S&P 500 medium-term trend

On Friday the S&P 500 chart has formed a Bearish Thrusting Candlestick pattern. This pattern occurs in a downtrend and it shows a rally failure in a down market. This is a continuation pattern.

More than 10% of S&P 500 members have an Uptrend Support alert. 74 of S&P 500 index members made a new 52-week high, while almost half of them (36) closed this week below the previous week's close. This event is called a "buying climax".

The S&P 500 members' weekly MACD bearish/bullish divergence ratio is 71/5. It means that 14 times more S&P 500 members have weekly MACD bearish divergence than the bullish divergence. The weekly Lane's stochastic bearish/bullish divergence ratio is 105/2.

Weekly Stock Market Overview - 3/11/2011

2011-03-11T19:15:00.000-08:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -125.48 points or -1.03%. The Standard & Poor's 500 Index dropped -16.87 points or -1.28%, while the Nasdaq Composite dropped -69.06 points or -2.48%. Read More ...

The Utilities sector was the strongest sector (1.61%) last week followed by the Consumer Staples sector (0.51%). The Energy sector was the worst performing sector (-4.12%) of the week followed by the Materials sector (-2.92%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Hospitals, Health Care Plans, and Medical Appliances/Equip. are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Gold, Copper, and Agricultural Chemicals are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.21%	S	Sprint Nextel Corp.	Telecommunications Services
10.44%	JCP	Penney (J.C.)	Consumer Discretionary
10.39%	SBUX	Starbucks Corp.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-22.32%	JDSU	JDS Uniphase Corp	Information Technology
-16.57%	URBN	Urban Outfitters Inc.	Consumer Discretionary
-13.03%	NVDA	NVIDIA Corp.	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	5
Downtrend Broken Resistance	7
Uptrend Support	55
Uptrend Exhaustion	2
Uptrend Broken Support	4
Downtrend Resistance	8
Oversold	15

Weekly Stock Market Overview - 2/4/2011

2011-03-04T19:26:00.001-08:00

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 39.43 points or 0.33%. The Standard & Poor's 500 Index gained 1.27 points or 0.10%, while the Nasdaq Composite gained 3.62 points or 0.13%. Read More ...

The Health Care sector was the strongest sector (2.55%) last week followed by the Utilities sector (0.79%). The Financial sector was the worst performing sector (-1.50%) of the week followed by the Technology sector (-0.13%).

The Industrial Goods sector is the most overvalued sector followed by Basic Materials, while Oil & Gas Pipelines, Major Integrated Oil/Gas, and Oil & Gas Drilling/Explor are among the most overvalued industries. The Services sector is the most oversold sector followed by Conglomerates, while Electronics Stores, Regional Airlines, and Food Wholesale are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
10.36%	A	Agilent Technologies	Information Technology
10.36%	JDSU	JDS Uniphase Corp	Information Technology
6.77%	AES	AES Corp.	Utilities

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-10.23%	NVDA	NVIDIA Corp.	Information Technology
-8.88%	MWW	Monster Worldwide	Industrials
-8.07%	EK	Eastman Kodak	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	11
Uptrend Support	23
Uptrend Exhaustion	12
Uptrend Broken Support	9
Downtrend Resistance	12
Oversold	10

Weekly Stock Market Overview - 2/25/2011

2011-02-25T19:29:00.001-08:00

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -260.80 points or -2.10%. The Standard & Poor's 500 Index dropped -23.13 points or -1.72%, while the Nasdaq Composite dropped -52.90 points or -1.87%. Read More ...

The Energy sector was the strongest sector (1.19%) last week followed by the Utilities sector (-0.49%). The Industrial sector was the worst performing sector (-3.19%) of the week followed by the Materials sector (-3.01%).

The Basic Materials sector is the most overvalued sector followed by Healthcare, while Hospitals, Major Integrated Oil/Gas, and Oil & Gas Pipelines are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Consumer Goods, while Photographic Equip/Supls, Beverages-Brewers, and Trucks & Other Vehicles are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
12.04%	COG	Cabot Oil & Gas Corp.	Energy
6.93%	RDC	Rowan Cos.	Energy
6.88%	VFC	V.F. Corp.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-13.06%	EXPD	Expeditors Int'l.	Industrials
-12.31%	HPQ	Hewlett-Packard	Information Technology
-10.99%	FTR	Frontier Communications	Telecommunications Services

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	13
Uptrend Support	21
Uptrend Exhaustion	2
Uptrend Broken Support	4
Downtrend Resistance	7
Oversold	5