Almost 18% of S&P 500 component stocks have an above average weekly volume

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 121.33 points or 0.69%. The Standard & Poor's 500 Index gained 24.19 points or 1.16%, while the Nasdaq Composite gained 39.65 points or 0.78%. Read More ...

Almost 18% of S&P 500 component stocks have an above average weekly volume. It is a highest level since February 06, 2015. Almost 18% of S&P 500 component stocks have weekly lane's stochastic main line (k%) crossed above oversold signal line (d%). It is a highest level since October 17, 2014. The stochastic crossover in oversold area is considered a buy signal. Chart below shows how the weekly lane's stochastic main line (k%) crossed above oversold signal line (d%) on October 17, 2014 signals the S&P 500 downtrend reversal. The S&P 500 index weekly uptrend started on October 15, 2014 at 1,820.66 and reached 2,093.55 on December 29, 2014, making 14.99% gain in seven weeks. ^GSPC: S&P 500 Index The Utilities Select Sector SPDR sector was the strongest sector (3.92%) last week followed by the Industrial Select Sector SPDR sector (2.50%). The Energy Select Sector SPDR sector was the worst performing sector (-0.19%) of the week followed by the Financial Select Sector SPDR sector (0.36%).

The Healthcare sector is the most overvalued sector followed by Financial, while Drug Delivery, Hospitals, and Drug Manufacturers/Other are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Basic Materials, while Aluminum, Industrial Metals/Mineral, and Copper are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 19.82% X United States Steel Corp. Materials 13.84% CCE Coca-Cola Enterprises Consumer Staples 12.92% MAS Masco Corp. Industrials

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -15.09% MYL Mylan Inc. Health Care -9.97% WFM Whole Foods Market Consumer Staples

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 7 Downtrend Broken Resistance 30 Uptrend Support 13 Uptrend Exhaustion 5 Uptrend Broken Support 0 Downtrend Resistance 32 Oversold 30

The S&P 500 (^GSPC) price is near 200 Day Moving Average

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -517.92 points or -2.86%. The Standard & Poor's 500 Index dropped -46.99 points or -2.21%, while the Nasdaq Composite dropped -121.51 points or -2.33%. Read More ...

The S&P 500 (^GSPC) slid 46.99 points, or 2.21%, to 2079.65. Monthly Lane's Stochastic is overbought and Monthly Williams' Percentage Range (W%R) is strongly overbought. Daily Lane's Stochastic main line (K%) crossed below overbought signal line (D%). The Stochastic crossover in overbought area is a sell signal. ^GSPC price is near 200 Day Moving Average. The 200 Day Moving Average is often acts as a support or resistance level for trading. The S&P 500 weekly uptrend started on July 07, 2015 at 2,044.02 and reached 2,132.82 on July 20, 2015, making 4.34% increase in nine business days. The Consumer Discretionary Select Sector SPDR sector was the strongest sector (-0.38%) last week followed by the Consumer Staples Select Sector SPDR sector (-0.78%). The Materials Select Sector SPDR sector was the worst performing sector (-5.41%) of the week followed by the Energy Select Sector SPDR sector (-4.04%).

The Services sector is the most overvalued sector followed by Healthcare, while Specialty Eateries, Drug Delivery, and General Entertainment are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Utilities, while Aluminum, Industrial Metals/Mineral, and Gold are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 11.64% SNDK SanDisk Corp. Information Technology 4.98% BCR Bard (C.R.) Inc. Health Care 4.75% HOG HarleyDavidson Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -25.86% BIIB BIOGEN IDEC INC Health Care -22.61% FCX Freeport-McMoran Cp & Gld Materials -16.35% ATI Allegheny Technologies Inc Materials

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 53 Downtrend Broken Resistance 32 Uptrend Support 18 Uptrend Exhaustion 6 Uptrend Broken Support 1 Downtrend Resistance 14 Oversold 63

Weekly Stock Market Overview - July 17, 2015

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 326.04 points or 1.84%. The Standard & Poor's 500 Index gained 50.02 points or 2.41%, while the Nasdaq Composite gained 212.44 points or 4.25%. Read More ...

The Technology Select Sector SPDR sector was the strongest sector (4.83%) last week followed by the Financial Select Sector SPDR sector (3.04%). The Energy Select Sector SPDR sector was the worst performing sector (-1.43%) of the week followed by the Materials Select Sector SPDR sector (-0.08%).

The Services sector is the most overvalued sector followed by Healthcare, while Specialty Eateries, Music & Video Stores, and Drug Stores are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Aluminum, Industrial Metals/Mineral, and Major Integrated Oil/Gas are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 15.40% TE TECO Energy Utilities 14.51% MU Micron Technology Information Technology 9.13% VRTX Vertex Pharmaceuticals Health Care

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -19.38% BTU Peabody Energy Corp Materials -10.97% RDC Rowan Cos. Energy -9.07% ATI Allegheny Technologies Inc Materials

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 23 Downtrend Broken Resistance 21 Uptrend Support 13 Uptrend Exhaustion 14 Uptrend Broken Support 1 Downtrend Resistance 42 Oversold 36