| All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -350.41 points or -3.29%. The Standard & Poor's 500 Index dropped -42.39 points or -3.78%, while the Nasdaq Composite dropped -114.99 points or -5.02%. Read More ... |
The Utilities sector was the strongest sector (-0.94%) last week followed by the Consumer Staples sector (-1.07%). The Financial sector was the worst performing sector (-4.80%) of the week followed by the Industrial sector (-4.70%). |
The Utilities sector is the most overvalued sector followed by Industrial Goods, while Farm/Construction Machnry, Electric Utilities, and Diversified Utilities are among the most overvalued industries. The Technology sector is the most oversold sector followed by Services, while Home Improvement Stores, Education & Training Services, and Semiconductr-Memory Chips are among the most oversold industries. |
Weekly S&P 500 Winners |
| Gains/Loses(%) | Symbol | Company | Sector | | 3.55% | M | Macy's Inc. | Consumer Discretionary | | 2.78% | CMS | CMS Energy | Utilities | |
Weekly S&P 500 Losers |
| Gains/Loses(%) | Symbol | Company | Sector | | -13.09% | JBL | Jabil Circuit | Information Technology | | -12.89% | AMD | Advanced Micro Devices | Information Technology | | -12.78% | TXT | Textron Inc. | Industrials | |
Weekly S&P 500 Alerts |
| It was a mixed week for the major markets. For the week the Dow Jones Industrial Average gained 41.32 points or 0.40%. The Standard & Poor's 500 Index dropped -1.06 points or -0.10%, while the Nasdaq Composite dropped -14.77 points or -0.65%. Read More ... |
The Financial sector was the strongest sector (1.03%) last week followed by the Industrial sector (0.73%). The Technology sector was the worst performing sector (-1.22%) of the week followed by the Consumer Staples sector (-0.63%). |
The Utilities sector is the most overvalued sector followed by Consumer Goods, while Cigarettes, Cleaning Products, and Beverages-Brewers are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Technology, while Heavy Construction, Processing Systems/Prods, and Residential Construction are among the most oversold industries. |
Weekly S&P 500 Winners | | Gains/Loses(%) | Symbol | Company | Sector | | 14.98% | CTXS | Citrix Systems | Information Technology | | 11.74% | IPG | Interpublic Group | Consumer Discretionary | | 11.26% | GENZ | Genzyme Corp. | Health Care | |
Weekly S&P 500 Loosers | | Gains/Loses(%) | Symbol | Company | Sector | | -18.14% | EK | Eastman Kodak | Consumer Discretionary | | -16.91% | LSI | LSI Corporation | Information Technology | | -14.61% | SYMC | Symantec Corp. | Information Technology | |
Weekly S&P 500 Alerts | | |
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 | | |
| 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 | | |
| 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 | | |
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 |  | |
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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. | |
| 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 | | |
| 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 | | |
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