Weekly Stock Market Overview - Jan. 3, 2014

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -106.67 points or -0.64%. The Standard & Poor's 500 Index dropped -16.99 points or -0.92%, while the Nasdaq Composite dropped -44.68 points or -1.07%. Read More ...

The Financial Select Sector SPDR sector was the strongest sector (0.14%) last week followed by the Health Care Select Sector SPDR sector (-0.32%). The Utilities Select Sector SPDR sector was the worst performing sector (-1.84%) of the week followed by the Energy Select Sector SPDR sector (-1.79%).

The Conglomerates sector is the most overvalued sector followed by Financial, while Investmnt Brokerage-Natl, Insurance Brokers, and Life Insurance are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Utilities, while Medical Labs & Research, Water Utilities, and Diversified Utilities are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 5.39% BAC Bank of America Corp. Financials 4.94% THC Tenet Healthcare Corp. Health Care 3.86% NEM Newmont Mining Corp. (Hldg. Co.) Materials

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -7.53% S Sprint Nextel Corp. Telecommunications Services -5.93% SHLD Sears Holdings Corporation Consumer Discretionary -4.48% JCP Penney (J.C.) Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 0 Downtrend Broken Resistance 18 Uptrend Support 2 Uptrend Exhaustion 43 Uptrend Broken Support 0 Downtrend Resistance 30 Oversold 2