Weekly Stock Market Overview - Jan. 24, 2014

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -579.45 points or -3.52%. The Standard & Poor's 500 Index dropped -48.41 points or -2.63%, while the Nasdaq Composite dropped -69.41 points or -1.65%. Read More ...

The Utilities Select Sector SPDR sector was the strongest sector (-0.21%) last week followed by the Consumer Staples Select Sector SPDR sector (-1.40%). The Materials Select Sector SPDR sector was the worst performing sector (-4.49%) of the week followed by the Industrial Select Sector SPDR sector (-3.88%).

The Technology sector is the most overvalued sector followed by Industrial Goods, while Processing Systems/Prods, Technical/System Software, and Aerospace/Defense-Prd/Svc are among the most overvalued industries. The Financial sector is the most oversold sector followed by Utilities, while REIT - Industrial, REIT/Healthcare Facilities, and Prprty/Casualty Insurance are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 5.92% SWN Southwestern Energy Co. Utilities 5.52% COG Cabot Oil & Gas Corp. Energy 4.26% HSP Hospira Inc. Health Care

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -16.99% AMD Advanced Micro Devices Information Technology -15.36% IGT International Game Technology Consumer Discretionary -13.82% CLF Cliffs Natural Resources Inc Materials

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 7 Downtrend Broken Resistance 10 Uptrend Support 31 Uptrend Exhaustion 2 Uptrend Broken Support 11 Downtrend Resistance 9 Oversold 20