Weekly Stock Market Overview - May 29, 2015

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -221.34 points or -1.21%. The Standard & Poor's 500 Index dropped -18.67 points or -0.88%, while the Nasdaq Composite dropped -19.33 points or -0.38%. Read More ...

The Health Care Select Sector SPDR sector was the strongest sector (-0.05%) last week followed by the Utilities Select Sector SPDR sector (-0.16%). The Energy Select Sector SPDR sector was the worst performing sector (-2.26%) of the week followed by the Industrial Select Sector SPDR sector (-1.92%).

The Industrial Goods sector is the most overvalued sector followed by Technology, while Small Tools & Accessories, Semiconductor-Intgrtd Circ, and Multimedia/Graphics Sftwr are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Utilities, while Water Utilities, Aluminum, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 20.30% BRCM Broadcom Corporation Information Technology 19.92% HUM Humana Inc. Health Care 7.85% TIF Tiffany & Co. Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -9.45% FOSL Fossil, Inc. Consumer Discretionary -8.56% RDC Rowan Cos. Energy -6.89% BTU Peabody Energy Corp Materials

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 7 Downtrend Broken Resistance 27 Uptrend Support 28 Uptrend Exhaustion 3 Uptrend Broken Support 4 Downtrend Resistance 9 Oversold 15