Weekly Stock Market Overview - 10/29/2010

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -14.07 points or -0.13%. The Standard & Poor's 500 Index climbed 0.18 points or 0.02%, while the Nasdaq Composite gained 28.02 points or 1.13%. Read More ...

The Materials sector was the strongest sector (1.49%) last week followed by the Technology sector (1.00%). The Industrial sector was the worst performing sector (-0.92%) of the week followed by the Utilities sector (-0.47%).

The Technology sector is the most overvalued sector followed by Utilities, while Security Software & Svcs, Internet Info. Providers, and Telecom Services/Domestic are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Basic Materials, while Hospitals, Medical Appliances/Equip., and Gold are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
27.81%	MWW	Monster Worldwide	Industrials
19.66%	EK	Eastman Kodak	Consumer Discretionary
12.51%	ATI	Allegheny Technologies Inc	Materials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-18.95%	LXK	Lexmark Int'l Inc	Information Technology
-14.95%	S	Sprint Nextel Corp.	Telecommunications Services
-13.01%	TLAB	Tellabs, Inc.	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	41
Uptrend Support	11
Uptrend Exhaustion	28
Uptrend Broken Support	4
Downtrend Resistance	30
Oversold	2

Weekly Stock Market Overview - 10/22/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 37.99 points or 0.34%. The Standard & Poor's 500 Index gained 6.89 points or 0.59%, while the Nasdaq Composite gained 10.62 points or 0.43%. Read More ...

The Financial sector was the strongest sector (1.79%) last week followed by the Industrial sector (0.78%). The Materials sector was the worst performing sector (-0.87%) of the week followed by the Utilities sector (-0.08%).

The Consumer Goods sector is the most overvalued sector followed by Healthcare, while Drug Manufacturers/Other, Auto Parts, and Textile-Apparel Footwr/Ac are among the most overvalued industries. The Financial sector is the most oversold sector followed by Conglomerates, while Regional-Mid-Atlantc Bnks, Savings & Loans, and Credit Services are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
13.09%	MEE	Massey Energy Co.	Materials
10.73%	WFC	Wells Fargo	Financials
10.71%	CPWR	Compuware Corp.	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-12.78%	HRB	Block H & R	Consumer Discretionary
-12.16%	MI	Marshall & Ilsley Corp.	Financials
-11.72%	LEG	Leggett & Platt	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	55
Uptrend Support	1
Uptrend Exhaustion	32
Uptrend Broken Support	3
Downtrend Resistance	56
Oversold	2

Monthly W%R is strongly overbought for the first time since October 2007

It was a second consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 11.04 points, or 0.95%, and closed at 1176.19 on Friday, October 15, 2010. ^GSPC was trading at average weekly trading volume. Read More ...

S&P 500 - monthly trend

The S&P 500 weekly trend has started on July 1st at 1010.91 and gained more than 20% reaching 1219.80 on Wednesday October 13. The trend is forming an ABC zigzag chart pattern. The price is near the trend resistance.

Daily Williams' Percentage Range and Lane's Stochastic are overbought while weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Monthly Williams' Percentage Range is strongly overbought for the first time since October 2007.

More than a half of S&P 500 members have overbought weekly Lane's Stochastic and more than 60% have overbought weekly Williams' Percentage Range.

More than 20% of S&P 500 index members made a new 52-week high, while 15 of them closed this week below the previous week's close. This event is called a "buying climax".

The S&P 500 members MACD bearish/bullish divergence ratio is 87/2. It means that 43 times more S&P 500 members have MACD bearish divergence than the bullish divergence. The Lane's stochastic bullish/bearish divergence ratio is 53/2.

The S&P 500 technical indicators are pretty close to the beginning of October 2007, just a week prior the beginning of the bear market of 2007-2009.

Weekly Stock Market Overview - 10/15/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 88.09 points or 0.80%. The Standard & Poor's 500 Index gained 11.04 points or 0.95%, while the Nasdaq Composite gained 66.86 points or 2.78%. Read More ...

The Technology sector was the strongest sector (3.35%) last week followed by the Consumer Staples sector (1.49%). The Financial sector was the worst performing sector (-2.41%) of the week followed by the Industrial sector (0.11%).

The Basic Materials sector is the most overvalued sector followed by Consumer Goods, while Copper, Agricultural Chemicals, and Textile-Apparel Footwr/Ac are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Services, while Education & Training Services, Publishing - Newspapers, and Personal Services are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
37.34%	KG	King Pharmaceuticals	Health Care
12.15%	YHOO	Yahoo Inc.	Information Technology
11.62%	MON	Monsanto Co.	Materials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-27.02%	APOL	Apollo Group	Consumer Discretionary
-18.04%	DV	DeVry Inc.	Industrials
-12.71%	FHN	First Horizon National	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	67
Uptrend Support	1
Uptrend Exhaustion	63
Uptrend Broken Support	4
Downtrend Resistance	91
Oversold	0

Weekly Stock Market Overview 10/8/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 176.80 points or 1.63%. The Standard & Poor's 500 Index gained 18.91 points or 1.65%, while the Nasdaq Composite gained 31.16 points or 1.31%. Read More ...

The Materials sector was the strongest sector (3.10%) last week followed by the Industrial sector (2.83%). The Health Care sector was the worst performing sector (0.92%) of the week followed by the Consumer Staples sector (0.93%).

The Basic Materials sector is the most overvalued sector followed by Consumer Goods, while Copper, Chemicals-Major Diversifd, and Textile-Apparel Footwr/Ac are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Technology, while Semiconductr-Memory Chips, Hospitals, and Medical Appliances/Equip. are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
18.40%	JCP	Penney (J.C.)	Consumer Discretionary
13.56%	ANF	Abercrombie & Fitch Co.	Consumer Discretionary
12.65%	FO	Fortune Brands, Inc.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-12.19%	CTXS	Citrix Systems	Information Technology
-9.07%	AXP	American Express	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	64
Uptrend Support	5
Uptrend Exhaustion	13
Uptrend Broken Support	5
Downtrend Resistance	65
Oversold	2

Weekly Stock Market Overview - 10/01/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -30.58 points or -0.28%. The Standard & Poor's 500 Index dropped -2.43 points or -0.21%, while the Nasdaq Composite dropped -10.47 points or -0.44%. Read More ...

The Energy sector was the strongest sector (2.79%) last week followed by the Utilities sector (0.29%). The Consumer Discretionary sector was the worst performing sector (-0.74%) of the week followed by the Financial sector (-0.72%).

The Utilities sector is the most overvalued sector followed by Basic Materials, while Copper, Water Utilities, and Chemicals-Major Diversifd are among the most overvalued industries. The Services sector is the most oversold sector followed by Healthcare, while Publishing - Newspapers, Medical Appliances/Equip., and Food Wholesale are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
10.94%	WAG	Walgreen Co.	Consumer Staples
8.11%	PCS	MetroPCS Communications Inc.	Telecommunications Services
7.79%	EQT	EQT Corporation	Utilities

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-12.86%	MON	Monsanto Co.	Materials
-9.61%	MTB	M & T Bank Corp.	Financials
-9.23%	URBN	Urban Outfitters Inc.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	69
Uptrend Support	7
Uptrend Exhaustion	19
Uptrend Broken Support	6
Downtrend Resistance	75
Oversold	1