Weekly Stock Market Overview - May 1, 2015

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -56.08 points or -0.31%. The Standard & Poor's 500 Index dropped -9.40 points or -0.44%, while the Nasdaq Composite dropped -86.69 points or -1.70%. Read More ...

The Materials Select Sector SPDR sector was the strongest sector (1.97%) last week followed by the Energy Select Sector SPDR sector (1.09%). The Health Care Select Sector SPDR sector was the worst performing sector (-2.30%) of the week followed by the Consumer Discretionary Select Sector SPDR sector (-1.65%).

The Utilities sector is the most overvalued sector followed by Conglomerates, while Gas Utilities, Water Utilities are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Healthcare, while Lumber Wood Production, Residential Construction, and Aerospace/Defense-Maj Dvd are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 14.82% RIG Transocean Energy 13.85% ESV Ensco plc Energy 13.64% FCX Freeport-McMoran Cp & Gld Materials

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -13.14% X United States Steel Corp. Materials -12.83% HAR Harman Int'l Consumer Discretionary -11.21% COH Coach, Inc. Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 1 Downtrend Broken Resistance 31 Uptrend Support 35 Uptrend Exhaustion 2 Uptrend Broken Support 1 Downtrend Resistance 27 Oversold 16