Weekly Stock Market Overview - 5/28/2010

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -56.76 points or -0.56%. The Standard & Poor's 500 Index gained 1.72 points or 0.16%, while the Nasdaq Composite gained 28.00 points or 1.26%. Read More ...

The Consumer Discretionary sector was the strongest sector (2.02%) last week followed by the Materials sector (1.25%). The Consumer Staples sector was the worst performing sector (-1.01%) of the week followed by the Financial sector (-0.47%).

The Utilities sector is the most overvalued sector followed by Financial, while REIT - Residential, Property Management, and REIT - Diversified are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Consumer Goods, while Dairy Products, Electronic Equipment, and Biotechnology are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
16.33%	S	Sprint Nextel Corp.	Telecommunications Services
14.77%	NTAP	NetApp, Inc.	Information Technology
12.39%	SNDK	SanDisk Corp.	Information Technology

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-8.82%	BHI	Baker Hughes	Energy
-7.42%	MON	Monsanto Co.	Materials
-7.32%	DV	DeVry Inc.	Industrials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	3
Uptrend Support	27
Uptrend Exhaustion	0
Uptrend Broken Support	1
Downtrend Resistance	3
Oversold	22

S&P 500 members - uptrend support alert

It was a negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -47.99 points, or -4.23%, and closed at 1087.69 on Friday, May 21, 2010. Weekly volume was 34% above average. Read More ...
A medium-term (Quarterly) downtrend had started on October 11, 2007 at 1576.09 and reached 666.79 on March 6, 2009. ^GSPC lost 909.30 points, or 57.69%, in 73 weeks.

S&P 500 - medium-term trend

A Monthly uptrend had started on March 6, 2009 at 666.79 and reached 1219.80 on April 26, 2010. ^GSPC has formed a five wave structure and has gained 553.01 points. It is close to Fibonacci 61.8% retracement of the Quarterly wave (909.30). During the week April 26 √ April 30, more than 30% of S&P 500 stocks had a Buying Climax. A buying climax happens when a stock makes a new 52 week high, but ends with a loss for the week. Important market trend reversals are often accompanied by a sudden rise in the number of buying climaxes. The completed five wave structure, unusually high number of buying climaxes during the April 26 √ April 30 week, and the Fibonacci 61.8% retracement level might suggest that the monthly up wave has been completed and a new monthly down wave is in progress since April 26.

A downtrend had started on April 26, 2010 at 1219.80 and reached 1055.90 on May 21, 2010. ^GSPC lost 163.90 points, or 13.44%, in 25 days. During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. On Friday, the chart has formed a Bearish Thrusting Candlestick pattern. Usually this pattern occurs in a downtrend, and it shows a rally failure in a down market.

Daily Williams' Percentage Range is strongly oversold. More than 30% of S&P 500 members have an uptrend support alert. This alert indicates that stock price is near the monthly uptrend support level. An uptrend support alert usually is followed by at least a short term rally. The broken support level might confirm the end of the monthly uptrend and the beginning of a new monthly downtrend.

Weekly Stock Market Overview - 5/21/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -426.77 points or -4.02%. The Standard & Poor's 500 Index dropped -47.99 points or -4.23%, while the Nasdaq Composite dropped -117.81 points or -5.02%. Read More ... The Consumer Staples sector was the strongest sector (-2.38%) last week followed by the Materials sector (-3.86%). The Industrial sector was the worst performing sector (-5.67%) of the week followed by the Energy sector (-5.64%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Drugs - Generic, Water Utilities, and Specialized Health Svcs are among the most overvalued industries. The Services sector is the most oversold sector followed by Basic Materials, while Agricultural Chemicals, Publishing - Books, and Aluminum are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
20.94%	PTV	Pactiv Corp.	Materials
8.46%	DF	Dean Foods	Consumer Staples
5.15%	APOL	Apollo Group	Consumer Discretionary

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-18.21%	SHLD	Sears Holdings Corporation	Consumer Discretionary
-15.84%	MEE	Massey Energy Co.	Materials
-13.18%	GT	Goodyear Tire & Rubber	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	7
Downtrend Broken Resistance	3
Uptrend Support	168
Uptrend Exhaustion	0
Uptrend Broken Support	1
Downtrend Resistance	0
Oversold	49

Weekly Stock Market Overview - 5/14/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 239.73 points or 2.31%. The Standard & Poor's 500 Index gained 24.80 points or 2.23%, while the Nasdaq Composite gained 81.21 points or 3.58%. Read More ...

The Industrial sector was the strongest sector (3.86%) last week followed by the Technology sector (3.03%). The Health Care sector was the worst performing sector (0.84%) of the week followed by the Materials sector (1.48%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Drugs - Generic, Specialized Health Svcs, and Water Utilities are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Agricultural Chemicals, Aluminum, and Copper are among the most oversold industries. Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
21.96%	PCS	MetroPCS Communications Inc.	Telecommunications Services
20.84%	LM	Legg Mason	Financials
14.03%	PWR	Quanta Services Inc.	Industrials

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-34.59%	DF	Dean Foods	Consumer Staples
-7.66%	MCO	Moody's Corp	Financials
-7.58%	MON	Monsanto Co.	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	4
Uptrend Support	7
Uptrend Exhaustion	0
Uptrend Broken Support	12
Downtrend Resistance	3
Oversold	6

Weekly Stock Market Overview - 5/7/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -628.18 points or -5.71%. The Standard & Poor's 500 Index dropped -75.80 points or -6.39%, while the Nasdaq Composite dropped -195.55 points or -7.95%. Read More ...

The Consumer Staples sector was the strongest sector (-3.22%) last week followed by the Health Care sector (-3.76%). The Materials sector was the worst performing sector (-8.41%) of the week followed by the Energy sector (-8.21%). The Utilities sector is the most overvalued sector followed by Healthcare, while Drugs - Generic, Specialized Health Svcs, and Drug Delivery are among the most overvalued industries. The Technology sector is the most oversold sector followed by Conglomerates, while Security Software & Svcs, Printed Circuit Boards, and Information Technlgy Svcs are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
1.59%	HAS	Hasbro Inc.	Consumer Discretionary
1.17%	TDC	Teradata Corp.	Telecommunications Services
-0.08%	PPL	PPL Corp.	Utilities

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-19.68%	JDSU	JDS Uniphase Corp	Information Technology
-17.29%	DOW	Dow Chemical	Materials
-15.83%	MAS	Masco Corp.	Industrials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	6
Uptrend Support	45
Uptrend Exhaustion	0
Uptrend Broken Support	8
Downtrend Resistance	0
Oversold	12