Weekly Stock Market Overview - March 28, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 66.51 points or 0.46%. The Standard & Poor's 500 Index gained 12.30 points or 0.79%, while the Nasdaq Composite gained 22.52 points or 0.69%. Read More ...

The Utilities Select Sector SPDR sector was the strongest sector (2.44%) last week followed by the 0 sector (XLV%). The Financial Select Sector SPDR sector was the worst performing sector (0.19%) of the week followed by the sector (XLB%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Hospitals, Biotechnology, and Drug Related Products are among the most overvalued industries. The Conglomerates sector is the most oversold sector followed by Technology, while Printed Circuit Boards, Telecom Services/Domestic, and Networking & Commun Dvcs are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
8.21%	BIIB	BIOGEN IDEC INC	Health Care
7.67%	MHP	McGraw-Hill	Consumer Discretionary
7.54%	GILD	Gilead Sciences	Health Care

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-8.43%	CLF	Cliffs Natural Resources Inc	Materials
-4.53%	STJ	St Jude Medical	Health Care
-4.17%	AAPL	Apple Computer	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	11
Uptrend Support	22
Uptrend Exhaustion	53
Uptrend Broken Support	6
Downtrend Resistance	22
Oversold	3

Weekly Stock Market Overview - March 22, 2013

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -2.08 points or -0.01%. The Standard & Poor's 500 Index dropped -3.81 points or -0.24%, while the Nasdaq Composite dropped -4.07 points or -0.13%. Read More ...

The Consumer Staples Select Sector SPDR sector was the strongest sector (2.12%) last week followed by the 0 sector (XLV%). The Materials Select Sector SPDR sector was the worst performing sector (-1.96%) of the week followed by the sector (XLF%).

The Healthcare sector is the most overvalued sector followed by Consumer Goods, while Food - Major Diversified, Confectioners, and Hospitals are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Gold, Agricultural Chemicals, and Copper are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
9.18%	WAG	Walgreen Co.	Consumer Staples
8.67%	NKE	NIKE Inc.	Consumer Discretionary
7.15%	MU	Micron Technology	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-12.00%	ORCL	Oracle Corp.	Information Technology
-11.50%	JDSU	JDS Uniphase Corp	Information Technology
-10.61%	NBR	Nabors Industries Ltd.	Energy

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	16
Uptrend Support	9
Uptrend Exhaustion	37
Uptrend Broken Support	3
Downtrend Resistance	19
Oversold	4

S&P 500 Trend Analysis - 3/17/2013

It was an up week for the major markets. For the week, the Dow Jones Industrial Average gained 117.04 points or 0.81%. The Standard & Poor's 500 Index gained 9.52 points or 0.61%, while the NASDAQ Composite gained 4.70 points or 0.14%.

The Standard & Poor's 500 Index has reached the highest level since October 2007. All three major indices and more than 35% of S&P members made a new 52-Week High. The major indices and more than a half of S&P 500 members are strongly overbought in daily, weekly, and monthly time frames. S&P 500 index has daily and weekly MACD bearish divergence. Read More ...

The S&P 500 index long term uptrend had started on March 6th 2009 at 666.79 and reached 1563.62 on Friday, March 15th, 2013, making 134.5% gain in four years. The chart is forming a channel pattern with the current price piercing the channel resistance level

S&P 500 long-term trend

The weekly trend had started November 16, 2012 at 1343.35 and gained 16.4% in four months. The chart has formed a five waves channel stricture; the fifth wave is near the resistance level.

S&P 500 weekly trend

Technical indicators and chart analysis suggest the current uptrend may reverse soon.

Weekly Stock Market Overview - March 15, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 117.04 points or 0.81%. The Standard & Poor's 500 Index gained 9.52 points or 0.61%, while the Nasdaq Composite gained 4.70 points or 0.14%. Read More ...

The Financial Select Sector SPDR sector was the strongest sector (1.12%) last week followed by the 0 sector (XLE%). The Consumer Staples Select Sector SPDR sector was the worst performing sector (-0.35%) of the week followed by the sector (XLK%).

The Conglomerates sector is the most overvalued sector followed by Consumer Goods, while Food - Major Diversified, Home Furnishings/Fixtures, and Toys & Games are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while Water Utilities, Drug Delivery, and Medical Labs & Research are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
9.17%	PBI	Pitney-Bowes	Industrials
7.87%	SEE	Sealed Air Corp.(New)	Materials
7.29%	CNP	CenterPoint Energy	Utilities

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-10.68%	CLF	Cliffs Natural Resources Inc	Materials
-8.98%	EW	Edwards Lifesciences Corp	Health Care
-5.12%	EBAY	eBay Inc.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	13
Uptrend Support	3
Uptrend Exhaustion	126
Uptrend Broken Support	3
Downtrend Resistance	42
Oversold	1

Weekly Stock Market Overview - March 8, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 307.41 points or 2.18%. The Standard & Poor's 500 Index gained 32.98 points or 2.17%, while the Nasdaq Composite gained 74.63 points or 2.35%. Read More ...

The Financial sector was the strongest sector (3.40%) last week followed by the Consumer Discretionary sector (3.08%). The Consumer Staples sector was the worst performing sector (1.05%) of the week followed by the Utilities sector (1.25%).

The Services sector is the most overvalued sector followed by Industrial Goods, while Regional Airlines, Advertising Agencies, and Electronics Wholesale are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Gold, Computer Peripherals, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
17.54%	BBY	Best Buy Co., Inc.	Consumer Discretionary
11.99%	SHLD	Sears Holdings Corporation	Consumer Discretionary
11.52%	MU	Micron Technology	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-14.58%	JCP	Penney (J.C.)	Consumer Discretionary
-4.80%	HRS	Harris Corp.	Information Technology
-3.54%	SLM	SLM Corporation	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	17
Uptrend Support	6
Uptrend Exhaustion	77
Uptrend Broken Support	2
Downtrend Resistance	35
Oversold	3

Weekly Stock Market Overview - Mar. 1, 2012

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 89.09 points or 0.64%. The Standard & Poor's 500 Index gained 2.60 points or 0.17%, while the Nasdaq Composite gained 7.92 points or 0.25%. Read More ...

The Consumer Discretionary sector was the strongest sector (1.67%) last week followed by the Health Care sector (0.90%). The Financial sector was the worst performing sector (-0.56%) of the week followed by the Energy sector (-0.23%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Hospitals, Drugs - Generic, and Biotechnology are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Gold, Copper, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
10.07%	DLTR	llar Tree Inc.	Consumer Discretionary
7.24%	TIF	Tiffany & Co.	Consumer Discretionary
6.82%	DF	Dean Foods	Consumer Staples

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-21.27%	JCP	Penney (J.C.)	Consumer Discretionary
-10.44%	APOL	Apollo Group	Consumer Discretionary
-9.35%	BTU	Peabody Energy Corp	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	3
Downtrend Broken Resistance	22
Uptrend Support	21
Uptrend Exhaustion	10
Uptrend Broken Support	3
Downtrend Resistance	8
Oversold	8