Weekly Stock Market Overview - Aug. 29, 2014

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 97.23 points or 0.57%. The Standard & Poor's 500 Index gained 14.97 points or 0.75%, while the Nasdaq Composite gained 41.72 points or 0.92%. Read More ...

The Utilities Select Sector SPDR sector was the strongest sector (1.96%) last week followed by the Energy Select Sector SPDR sector (1.78%). The Industrial Select Sector SPDR sector was the worst performing sector (-0.24%) of the week followed by the Consumer Discretionary Select Sector SPDR sector (0.26%).

The Services sector is the most overvalued sector followed by Basic Materials, while Oil & Gas Pipelines, Regional Airlines, and Lodging are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Consumer Goods, while Recreational Vehicles, Toys & Games, and Confectioners are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 7.59% NBR Nabors Industries Ltd. Energy 6.72% SPLS Staples Inc. Consumer Discretionary 5.71% NFX Newfield Exploration Co Energy

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -2.63% ADI Analog Devices Information Technology -2.19% TXT Textron Inc. Industrials -2.07% MU Micron Technology Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 4 Downtrend Broken Resistance 21 Uptrend Support 2 Uptrend Exhaustion 18 Uptrend Broken Support 0 Downtrend Resistance 59 Oversold 3