Weekly Stock Market Overview - 7/23/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 326.72 points or 3.24%. The Standard & Poor's 500 Index gained 37.78 points or 3.55%, while the Nasdaq Composite gained 90.42 points or 4.15%. Read More ...

The Materials sector was the strongest sector (7.31%) last week followed by the Industrial sector (7.13%). The Health Care sector was the worst performing sector (-0.87%) of the week followed by the Consumer Staples sector (2.38%).

The Utilities sector is the most overvalued sector followed by Conglomerates, while Electric Utilities, Diversified Utilities, and Water Utilities are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Services, while Specialty Retail Other, Residential Construction, and Publishing - Periodicals are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
20.76%	GENZ	Genzyme Corp.	Health Care
20.42%	HOG	HarleyDavidson	Consumer Discretionary
20.09%	CLF	Cliffs Natural Resources Inc	Materials

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-14.23%	MHS	Medco Health Solutions Inc.	Health Care
-13.83%	QLGC	QLogic Corp.	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	38
Uptrend Support	6
Uptrend Exhaustion	4
Uptrend Broken Support	0
Downtrend Resistance	48
Oversold	11

Weekly Stock Market Overview - 7/16/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -100.13 points or -0.98%. The Standard & Poor's 500 Index dropped -13.08 points or -1.21%, while the Nasdaq Composite dropped -17.40 points or -0.79%. Read More ...

The Consumer Staples sector was the strongest sector (0.38%) last week followed by the Technology sector (-0.08%). The Financial sector was the worst performing sector (-2.63%) of the week followed by the Industrial sector (-1.99%).

The Healthcare sector is the most overvalued sector followed by Technology, while Drug Delivery, Wireless Communications, and Diversified Commun Svcs are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Financial, while Regional-Mid-Atlantc Bnks, Life Insurance, and Asset Management are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
13.00%	WY	Weyerhaeuser Corp.	Materials
10.95%	MOT	Motorola Inc.	Information Technology
9.74%	MON	Monsanto Co.	Materials

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-11.57%	LNC	Lincoln National	Financials
-9.72%	FITB	Fifth Third Bancorp	Financials
-9.34%	HAR	Harman Int'l	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	10
Uptrend Support	1
Uptrend Exhaustion	1
Uptrend Broken Support	4
Downtrend Resistance	28
Oversold	4

Weekly Stock Market Overview - 7/9/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 511.55 points or 5.28%. The Standard & Poor's 500 Index gained 55.38 points or 5.42%, while the Nasdaq Composite gained 104.66 points or 5.00%. Read More ...

The Materials sector was the strongest sector (8.34%) last week followed by the Financial sector (7.32%). The Health Care sector was the worst performing sector (3.57%) of the week followed by the Consumer Staples sector (3.81%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Drug Delivery, General Contractors, and Waste Management are among the most overvalued industries. The Financial sector is the most oversold sector followed by Consumer Goods, while Photographic Equip/Supls, Recreational Vehicles, and Investmnt Brokerage-Natl are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
19.28%	APC	Anadarko Petroleum	Energy
16.52%	MI	Marshall & Ilsley Corp.	Financials
15.91%	ANF	Abercrombie & Fitch Co.	Consumer Discretionary

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-6.78%	FDO	Family Dollar Stores	Consumer Discretionary
-4.88%	GPS	Gap (The)	Consumer Discretionary
-4.20%	HRB	Block H & R	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	6
Uptrend Support	26
Uptrend Exhaustion	1
Uptrend Broken Support	0
Downtrend Resistance	11
Oversold	35

S&P 500 members - Trend Support Alert

It was a second consecutive negative week for the S&P 500 index (^GSPC). During the week, the S&P 500 dropped 54.18 points, or 5.03%, and closed at 1022.58 on Friday, July 02, 2010. It was the worst weekly loss since May 7, 2010. ^GSPC was trading at average weekly trading volume. Read More ... A medium-term downtrend had started on April 26, 2010 at 1219.80 and reached 1010.91 on July 1, 2010. S&P 500 lost 208.89 points, or 17.12%, in 66 days. The trend is forming a falling channel chart pattern and has five waves structure. The fourth wave up has reached 1131.23 on June 21st. In our previous publication on Sunday, June 20 we wrote: "Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought for both S&P 500 and Dow Jones Industrial Average. More than 60 S&P members have the Downtrend Resistance Alert. A medium - term downtrend may resume soon." A fifth down wave started on June 21st at 1131.23 and reached 1010.91 on Thursday, July 1st. S&P 500 lost 120.31 points, or 10.64%, in 20 days. The trend line support is now near 985.

S&P 500 - short-term trend

Daily Williams' Percentage Range is oversold, while weekly Williams' Percentage Range and daily Lane's Stochastic are strongly oversold for all three major US indices: S&P 500, Dow Jones Industrial Average and NASDAQ. More than 28% of S&P members are oversold, and more than 22% have a Trend Support Alert. The fifth wave down is near completion. A short-term trend reversal may start soon.

Presented by www.thegreedytrader.com Research Group.

Weekly Stock Market Overview - 7/2/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -457.33 points or -4.51%. The Standard & Poor's 500 Index dropped -54.18 points or -5.03%, while the Nasdaq Composite dropped -131.69 points or -5.92%. Read More ...

The Consumer Staples sector was the strongest sector (-1.66%) last week followed by the Utilities sector (-2.36%). The Financial sector was the worst performing sector (-7.62%) of the week followed by the Materials sector (-6.81%).

The Industrial Goods sector is the most overvalued sector followed by Utilities, while General Contractors, Waste Management, and Water Utilities are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Conglomerates, while Photographic Equip/Supls, Recreational Vehicles, and Dairy Products are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
4.15%	AGN	Allergan, Inc.	Health Care
3.10%	MO	Altria Group, Inc.	Consumer Staples
2.92%	DF	Dean Foods	Consumer Staples

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-68.09%	STR	Questar Corp.	Utilities
-16.82%	CLF	Cleveland-Cliffs	Materials
-16.78%	TXT	Textron Inc.	Industrials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	44
Downtrend Broken Resistance	3
Uptrend Support	114
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	0
Oversold	145

Weekly Stock Market Overview - 6/25/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -306.83 points or -2.94%. The Standard & Poor's 500 Index dropped -40.75 points or -3.65%, while the Nasdaq Composite dropped -86.32 points or -3.74%. Read More ...

The Financial sector was the strongest sector (-1.31%) last week followed by the Health Care sector (-1.83%). The Energy sector was the worst performing sector (-5.61%) of the week followed by the Consumer Discretionary sector (-5.11%).

The Technology sector is the most overvalued sector followed by Industrial Goods, while Wireless Communications, General Contractors, and Telecom Services/Domestic are among the most overvalued industries. The Financial sector is the most oversold sector followed by Healthcare, while Medical Practitioners, Investmnt Brokerage-Natl, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
5.55%	BTU	Peabody Energy Corp	Materials
4.34%	VLO	Valero Energy	Energy
4.31%	MCO	Moody's Corp	Financials

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-12.32%	DRI	Darden Restaurants	Consumer Discretionary
-11.58%	ODP	Office Depot	Consumer Discretionary
-11.49%	APC	Anadarko Petroleum	Energy

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	7
Downtrend Broken Resistance	10
Uptrend Support	21
Uptrend Exhaustion	1
Uptrend Broken Support	0
Downtrend Resistance	6
Oversold	44

S&P 500 members - Downtrend Resistance alert

S&P 500 Trend Analysis - 6/18/2010

It was a second consecutive positive week for the S&P 500 index (^GSPC). During the week, the S&P 500 gained 25.91 points, or 2.37%, and closed at 1117.51 on Friday, June 18, 2010. S&P 500 was trading at average weekly trading volume. Read More ... A medium-term downtrend had started on April 26, 2010 at 1219.80 and reached 1040.78 on May 25, 2010. S&P 500 lost 179.02 points, or 14.68%, in 29 days. In our previous publication on Sunday May 23 we wrote: "price is near the monthly uptrend support level. An uptrend support alert usually follows by at least a short term rally." A short term rally started on May 25th at 1040.78 and reached 1121.01 on Friday June 18th. The price is near the trend resistance line (1102.36) and close to 50% retracement level.

S&P 500 - short-term trend

Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought for both S&P 500 and Dow Jones Industrial Average. More than 60 S&P members have the Downtrend Resistance Alert. A medium - term downtrend may resume soon.

Presented by www.thegreedytrader.com Research Group.

Weekly Stock Market Overview - 6/18/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 239.57 points or 2.35%. The Standard & Poor's 500 Index gained 25.91 points or 2.37%, while the Nasdaq Composite gained 66.20 points or 2.95%. Read More ...

The Utilities sector was the strongest sector (2.94%) last week followed by the Industrial sector (2.85%). The Consumer Discretionary sector was the worst performing sector (0.68%) of the week followed by the Consumer Staples sector (0.72%).

The Basic Materials sector is the most overvalued sector followed by Consumer Goods, while Confectioners, Gold, and Cleaning Products are among the most overvalued industries. The Financial sector is the most oversold sector followed by Healthcare, while Investmnt Brokerage-Natl, Medical Practitioners, and Medical Instruments/Supls are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.72%	MTB	M&T Bank Corp.	Financials
14.00%	SUN	Sunoco., Inc.	Energy
11.98%	MU	Micron Technology	Information Technology

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-8.18%	BBY	Best Buy Co., Inc.	Consumer Discretionary
-5.75%	S	Sprint Nextel Corp.	Telecommunications Services
-5.33%	SCHW	Charles Schwab	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	16
Uptrend Support	2
Uptrend Exhaustion	3
Uptrend Broken Support	0
Downtrend Resistance	64
Oversold	4

Weekly Stock Market Overview - 6/11/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 279.10 points or 2.81%. The Standard & Poor's 500 Index gained 26.72 points or 2.51%, while the Nasdaq Composite gained 24.43 points or 1.10%. Read More ...

The Energy sector was the strongest sector (5.37%) last week followed by the Materials sector (5.36%). The Technology sector was the worst performing sector (1.49%) of the week followed by the Consumer Staples sector (1.53%).

The Healthcare sector is the most overvalued sector followed by Basic Materials, while Specialized Health Svcs, Gold, and Drugs - Generic are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Technology, while Dairy Products, Security Software & Svcs, and Electronic Equipment are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
16.82%	GCI	Gannett Co.	Consumer Discretionary
13.71%	CLF	Cleveland-Cliffs	Materials
11.77%	GLW	Corning Inc.	Information Technology

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-7.38%	APC	Anadarko Petroleum	Energy
-5.88%	FTR	Frontier Communications	Telecommunications Services
-5.26%	AET	Aetna Inc. (New)	Health Care

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	1
Downtrend Broken Resistance	5
Uptrend Support	21
Uptrend Exhaustion	1
Uptrend Broken Support	0
Downtrend Resistance	3
Oversold	31

Weekly Stock Market Overview - 6/4/2010

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -204.66 points or -2.02%. The Standard & Poor's 500 Index dropped -24.53 points or -2.25%, while the Nasdaq Composite dropped -37.87 points or -1.68%. Read More ...

The Technology sector was the strongest sector (-1.02%) last week followed by the Consumer Staples sector (-1.06%). The Materials sector was the worst performing sector (-5.33%) of the week followed by the Industrial sector (-3.95%).

The Utilities sector is the most overvalued sector followed by Technology, while Wireless Communications, Telecom Services/Domestic, and Water Utilities are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Basic Materials, while Agricultural Chemicals, Electronic Equipment, and Copper are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
10.87%	SWN	Southwestern Energy Co.	Utilities
5.54%	WLP	WellPoint Health Networks	Health Care
4.94%	AMGN	Amgen	Health Care

Weekly S&P 500 Loosers

Gains/Loses(%)	Symbol	Company	Sector
-22.44%	TLAB	Tellabs, Inc.	Information Technology
-15.22%	FTI	FMC Technologies Inc.	Energy
-13.99%	THC	Tenet Healthcare Corp.	Health Care

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	5
Downtrend Broken Resistance	1
Uptrend Support	27
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	2
Oversold	35