Weekly Stock Market Overview - March 25, 2011

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

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

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

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

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