| All the major US indices were negative. For the week the Dow
Jones Industrial Average dropped -316.48 points or -1.79%. The Standard &
Poor's 500 Index dropped -26.27 points or -1.25%, while the Nasdaq Composite
dropped -84.74 points or -1.65%. More than 12% of S&P 500 component stocks
have an above average volatility. It is a highest level since December 19, 2014.
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| ETF's Indices Alert |
| During the past week iShares MSCI Japan Index
(EWJ) advanced 0.01 points, or 0.08%, to 12.94. |
| EWJ: iShares MSCI Japan Index |
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Volatility was 56% below average. Volatility is a measure for
variation of price of a stock over time. Chart has formed a daily bearish
Downside Tasuki Gap candlestick pattern. This is a rare continuation formation
that appears in a strongly downward moving market. The reliability of the
Bearish Downside Tasuki Gap pattern is medium. EWJ price is near 100 Day Moving
Average. Williams' Percentage Range, and Lane's Stochastic is overbought in a
monthly time frame.
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| EWJ: iShares MSCI Japan Index |
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The Utilities Select Sector SPDR sector was the
strongest sector (0.91%) last week followed by the Financial Select Sector SPDR
sector (-0.04%). The Energy Select Sector SPDR sector was the worst performing
sector (-3.39%) of the week followed by the Consumer Discretionary Select Sector
SPDR sector (-2.42%). |
The Healthcare sector is the most overvalued sector
followed by Utilities, while Drug Delivery, Drug Manufacturers/Other, and
Medical Instruments/Supls are among the most overvalued industries. The Basic
Materials sector is the most oversold sector followed by Financial, while Gold,
Industrial Metals/Mineral, and Aluminum are among the most oversold industries.
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Weekly S&P 500 Winners |
| Gains/Loses(%) |
Symbol |
Company |
Sector |
| 15.19% |
NVDA
|
NVIDIA Corp. |
Information Technology |
| 9.53% |
FTR
|
Frontier Communications |
Telecommunications Services |
| 8.11% |
AVP
|
Avon Products |
Consumer Staples |
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Weekly S&P 500 Losers |
| Gains/Loses(%) |
Symbol |
Company |
Sector |
| -20.23% |
VIAB
|
Viacom Inc. |
Consumer Discretionary |
| -19.16% |
TDC
|
Teradata Corp. |
Telecommunications Services |
| -14.41% |
PWR
|
Quanta Services Inc. |
Industrials |
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Weekly S&P 500 Alerts |
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