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