Weekly Stock Market Overview - Oct.3, 2014

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -103.46 points or -0.60%. The Standard & Poor's 500 Index dropped -14.95 points or -0.75%, while the Nasdaq Composite dropped -36.57 points or -0.81%. Read More ...

The Utilities Select Sector SPDR sector was the strongest sector (1.87%) last week followed by the Consumer Staples Select Sector SPDR sector (0.75%). The Energy Select Sector SPDR sector was the worst performing sector (-4.14%) of the week followed by the Materials Select Sector SPDR sector (-3.89%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Hospitals, Biotechnology, and Drug Manufacturers/Other are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Oil & Gas Drilling/Explor, Copper, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 10.49% TSN Tyson Foods Consumer Staples 8.51% MYL Mylan Inc. Health Care 7.07% ADSK Autodesk, Inc. Information Technology

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -12.43% X United States Steel Corp. Materials -12.15% NE Noble Corp Energy -10.95% ATI Allegheny Technologies Inc Materials

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 19 Downtrend Broken Resistance 9 Uptrend Support 49 Uptrend Exhaustion 2 Uptrend Broken Support 3 Downtrend Resistance 5 Oversold 46