It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 117.29 points or 1.10%. The Standard & Poor's 500 Index gained 9.91 points or 0.86%, while the Nasdaq Composite gained 6.75 points or 0.29%. Read More ...
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The Industrial sector was the strongest sector (1.45%) last week followed by the Health Care sector (1.29%). The Energy sector was the worst performing sector (-2.09%) of the week followed by the Materials sector (-0.03%).
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The Utilities sector is the most overvalued sector followed by Services, while Electronics Wholesale, Regional Airlines, and Apparel Stores are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Long Distance Carriers, Aluminum, and Semiconductor Equip/Matrl are among the most oversold industries.
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| Weekly S&P 500 Winners |
| Gains/Loses(%) | Symbol | Company | Sector | | 15.08% | LSI | LSI Corporation | Information Technology | | 8.34% | CVH | Coventry Health Care Inc. | Health Care | | 8.23% | AET | Aetna Inc. (New) | Health Care | |
Weekly S&P 500 Loosers |
| Gains/Loses(%) | Symbol | Company | Sector | | -11.68% | NBR | Nabors Industries Ltd. | Energy | | -10.73% | SWN | Southwestern Energy Co. | Utilities | | -9.68% | DYN | Dynegy Inc. (New) Class A | Utilities | |
Weekly S&P 500 Alerts |
It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 58.49 points or 0.55%. The Standard & Poor's 500 Index gained 11.30 points or 0.99%, while the Nasdaq Composite gained 41.31 points or 1.78%. Read More ...
| The Financial sector was the strongest sector (2.10%) last week followed by the Technology sector (1.97%). The Health Care sector was the worst performing sector (-0.56%) of the week followed by the Utilities sector (-0.40%).
| The Services sector is the most overvalued sector followed by Consumer Goods, while Toys & Games, Regional Airlines, and Meat Products are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Industrial Goods, while General Contractors, Medical Labs & Research, and Hospitals are among the most oversold industries.
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Weekly S&P 500 Winners | | Gains/Loses(%) | Symbol | Company | Sector | | 21.90% | AIG | American Int'l. Group | Financials | | 13.43% | C | Citigroup Inc. | Financials | | 12.01% | ZION | Zions Bancorp | Financials | |
Weekly S&P 500 Loosers | | Gains/Loses(%) | Symbol | Company | Sector | | -7.25% | EQT | EQT Corporation | Utilities | | -6.40% | ADM | Archer-Daniels-Midland | Consumer Staples | | -5.93% | PLL | Pall Corp. | Industrials | |
Weekly S&P 500 Alerts | | | | |
It was the positive week for the NASDAQ (^IXIC). During the week, the ^IXIC gained 88.09 points, or 3.94%, and closed at 2326.35 on Friday, March 05, 2010. It was the best weekly gain since October 9, 2009. Price has reached the best level since September 2008. Weekly volume was 11% above average. Read More ...
A medium-term uptrend had started on March 9, 2009 at 1265.52 and reached 2327.03 on Friday, March 05. NASDAQ gained -1061.51 points, or -83.88%, in 51 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 2302.14 and resistance is at 2445.95. A medium-term trend has formed a five-wave structure. The fifth wave is in progress now.
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NASDAQ: medium-term uptrend |
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A short-term uptrend had started on February 5, 2010 at 2100.17 and reached 2327.03 on March 5, 2010. NASDAQ gained -226.86 points, or -10.80%, in 28 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (2331.43). | |
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NASDAQ: short-term uptrend |
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Weekly Williams' Percentage Range is strongly overbought. Daily Relative Strength Index and Williams' Percentage Range are overbought, while Lane's Stochastic is strongly overbought.
A short-term trend has formed an A-B-C wave structure. Wave C is near completion and a pullback is expected soon. |
It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 240.94 points or 2.33%. The Standard & Poor's 500 Index gained 34.20 points or 3.10%, while the Nasdaq Composite gained 88.09 points or 3.94%. Read More ...
| | The Materials sector was the strongest sector (5.30%) last week followed by the Consumer Discretionary sector (4.16%). The Health Care sector was the worst performing sector (1.97%) of the week followed by the Consumer Staples sector (2.07%). | The Consumer Goods sector is the most overvalued sector followed by Conglomerates, while Meat Products, Auto Manufacturers/Major, and Confectioners are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Industrial Goods, while General Contractors, Electric Utilities, and Lumber Wood Production are among the most oversold industries.
| | Weekly S&P 500 Winners | | Gains/Loses(%) | Symbol | Company | Sector | | 25.74% | NOVL | Novell Inc. | Information Technology | | 16.28% | ANF | Abercrombie & Fitch Co. | Consumer Discretionary | | 14.51% | MEE | Massey Energy Co. | Materials | |
Weekly S&P 500 Loosers | | Gains/Loses(%) | Symbol | Company | Sector | | -9.59% | SPLS | Staples Inc. | Consumer Discretionary | | -6.16% | FTR | Frontier Communications | Telecommunications Services | | -3.41% | HRB | Block H & R | Consumer Discretionary | |
Weekly S&P 500 Alerts | |
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