Weekly Stock Market Overview - Sep 16, 2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 516.96 points or 4.70%. The Standard & Poor's 500 Index gained 61.78 points or 5.35%, while the Nasdaq Composite gained 154.32 points or 6.25%. Read More ...

The Consumer Discretionary sector was the strongest sector (6.63%) last week followed by the Technology sector (6.34%). The Consumer Staples sector was the worst performing sector (2.80%) of the week followed by the Health Care sector (3.28%).

The Technology sector is the most overvalued sector followed by Financial, while Diversified Commun Svcs, REIT/Healthcare Facilities, and REIT - Residential are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Utilities, while Metals Fabrication, Industrial Electrical Eqp, and Industrial Equip/Componts are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
22.08%	TXT	Textron Inc.	Industrials
18.38%	EBAY	eBay Inc.	Consumer Discretionary
17.35%	COL	Rockwell Collins	Industrials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-5.45%	ESRX	Express Scripts	Health Care
-4.58%	THC	Tenet Healthcare Corp.	Health Care
-4.32%	HSP	Hospira Inc.	Health Care

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	13
Uptrend Support	3
Uptrend Exhaustion	3
Uptrend Broken Support	0
Downtrend Resistance	51
Oversold	2

Weekly Stock Market Overview - Sep. 9, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -248.13 points or -2.21%. The Standard & Poor's 500 Index dropped -19.74 points or -1.68%, while the Nasdaq Composite dropped -12.34 points or -0.50%. Read More ...

The Technology sector was the strongest sector (-0.55%) last week followed by the Consumer Staples sector (-1.12%). The Financial sector was the worst performing sector (-2.47%) of the week followed by the Materials sector (-2.36%).

The Healthcare sector is the most overvalued sector followed by Industrial Goods, while Drug Manufacturers/Other, Drug Manufacturers/Major, and Biotechnology are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Consumer Goods, while Dairy Products, Appliances, and Auto Manufacturers/Major are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.45%	MU	Micron Technology	Information Technology
12.51%	YHOO	Yahoo Inc.	Information Technology
10.85%	SNDK	SanDisk Corp.	Information Technology

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-11.72%	PLL	Pall Corp.	Industrials
-9.97%	WHR	Whirlpool Corp.	Consumer Discretionary
-9.39%	MWW	Monster Worldwide	Industrials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	9
Uptrend Support	0
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	5
Oversold	22

S&P 500 Trend Analysis - Sep. 5, 2011

S&P 500 Trend Analysis - 9/5/2011

It was a mixed week for the major markets. During the week, the Dow Jones Industrial Average dropped -44.28 points or -0.39%. The Standard & Poor's 500 Index dropped -2.83 points or -0.24%, while the NASDAQ Composite climbed 0.48 points or 0.02%. The Standard & Poor's 500 Index (^GSPC) closed at 1173.97 on Friday, September 02, 2011. It was trading at the average weekly trading volume. Read More ... S&P 500 index long-term downtrend is forming a three wave’s structure (See Figure 1). The first wave down (A) had started on October 11, 2007 at 1576.09 and lost 909.30 points, or 57.69%, in 73 weeks and reached 666.79 on March 6, 2009. The second wave (B) gained 703.79 points, or more than 105%, in 26 month and reached 1370.58 on May 2, 2011. Wave B made a lower high; it is a bearish signal. The third wave down (C) is in progress now.

S&P 500 long-term trend

Figure 1

The recent rally had started on August 9th, 2011 at 1101.54 and reached 1,230.71 on August 31st, 2011. It is a sub wave of a long-term C wave and it has a three wave’s structure as well (See Figure 3). Several technical indicators suggest that it was a bearish rally: Usually when the price moves below 200 day Moving Average, the next up wave at least retests the 200 day MA as a new resistance level. The Bullish rally usually breaks this resistance level and the price moves above the 200 day MA level. The current rally is weak and it was not even able to reach the 200 day MA. Daily Lane's Stochastic %D line is about to crossover with %k line. It is usually considered as a sell signal. Sub wave C’s high is only 1.8% higher than sub wave A’s high, while daily Lane's Stochastic has raised substantially and has moved into an overbought area. This divergence is considered as a bearish signal. The rally could not reach the Upper Bollinger Band, and this is a bearish indicator. All the above signals may indicate that the rally might be over, and a new sub wave down has started. S&P 500 index may break the support around 1100 and move down to the next support area around 1000 - 950.

S&P 500 medium-term trend

Figure 2

Presented by www.thegreedytrader.com Research Group.

Weekly Stock Market Overview - September 2, 2011

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped -44.28 points or -0.39%. The Standard & Poor's 500 Index dropped -2.83 points or -0.24%, while the Nasdaq Composite climbed 0.48 points or 0.02%. Read More ...

The Utilities sector was the strongest sector (0.88%) last week followed by the Health Care sector (0.65%). The Financial sector was the worst performing sector (-1.80%) of the week followed by the Technology sector (-0.76%).

The Industrial Goods sector is the most overvalued sector followed by Healthcare, while Drug Manufacturers/Other, Drug Manufacturers/Major, and Biotechnology are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Financial, while Regional-Southeast Banks, Diversified Investments, and Regional-Pacific Banks are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.63%	MWW	Monster Worldwide	Industrials
14.21%	JDSU	JDS Uniphase Corp	Information Technology
9.17%	FDO	Family Dollar Stores	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-7.21%	FHN	First Horizon National	Financials
-7.11%	SLM	SLM Corporation	Financials
-6.90%	MON	Monsanto Co.	Materials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	0
Downtrend Broken Resistance	6
Uptrend Support	0
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	13
Oversold	1

Weekly Stock Market Overview - August 26. 2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 466.89 points or 4.32%. The Standard & Poor's 500 Index gained 53.27 points or 4.74%, while the Nasdaq Composite gained 138.01 points or 5.89%. Read More ...

The Industrial sector was the strongest sector (6.18%) last week followed by the Consumer Discretionary sector (6.08%). The Utilities sector was the worst performing sector (1.88%) of the week followed by the Consumer Staples sector (2.10%).

The Utilities sector is the most overvalued sector followed by Industrial Goods, while Diversified Utilities, Electric Utilities, and Gas Utilities are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Conglomerates, while Aluminum, Conglomerates, and Chemicals-Major Diversifd are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
20.31%	TIF	Tiffany & Co.	Consumer Discretionary
19.15%	COH	Coach, Inc.	Consumer Discretionary
16.68%	VMC	Vulcan Materials	Materials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-5.56%	PLD	ProLogis	Financials
-4.97%	S	Sprint Nextel Corp.	Telecommunications Services
-4.55%	URBN	Urban Outfitters Inc.	Consumer Discretionary

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	3
Downtrend Broken Resistance	7
Uptrend Support	5
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	12
Oversold	39

Weekly Stock Market Overview - August 19, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -451.37 points or -4.01%. The Standard & Poor's 500 Index dropped -55.28 points or -4.69%, while the Nasdaq Composite dropped -166.14 points or -6.62%. Read More ...

The Utilities sector was the strongest sector (2.18%) last week followed by the Consumer Staples sector (0.03%). The Industrial sector was the worst performing sector (-7.23%) of the week followed by the Materials sector (-7.08%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Diversified Utilities, Gas Utilities, and Electric Utilities are among the most overvalued industries. The Services sector is the most oversold sector followed by Consumer Goods, while Regional Airlines, Dairy Products, and Appliances are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
6.88%	S	Sprint Nextel Corp.	Telecommunications Services
5.13%	WMT	Wal-Mart Stores	Consumer Staples
5.08%	RAI	Reynolds American In	Consumer Staples

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-26.98%	HPQ	Hewlett-Packard	Information Technology
-21.40%	TDC	Teradata Corp.	Telecommunications Services
-19.77%	ADSK	Autodesk, Inc.	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	44
Downtrend Broken Resistance	3
Uptrend Support	30
Uptrend Exhaustion	2
Uptrend Broken Support	0
Downtrend Resistance	5
Oversold	132

Weekly Stock Market Overview - August 12, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -175.59 points or -1.53%. The Standard & Poor's 500 Index dropped -20.57 points or -1.72%, while the Nasdaq Composite dropped -24.43 points or -0.96%. Read More ...

The Materials sector was the strongest sector (0.35%) last week followed by the Health Care sector (-0.53%). The Financial sector was the worst performing sector (-4.84%) of the week followed by the Energy sector (-1.63%).

The Utilities sector is the most overvalued sector followed by Healthcare, while Gas Utilities, Drug Manufacturers/Other, and Diversified Utilities are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Basic Materials, while Dairy Products, Appliances, and Business Equipment are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
15.72%	YHOO	Yahoo Inc.	Information Technology
10.63%	NWSA	News Corporation	Consumer Discretionary
8.00%	COG	Cabot Oil & Gas Corp.	Energy

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-23.05%	DV	DeVry Inc.	Industrials
-16.20%	CMA	Comerica Inc.	Financials
-15.69%	RF	Regions Financial Corp.	Financials

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	18
Downtrend Broken Resistance	4
Uptrend Support	32
Uptrend Exhaustion	0
Uptrend Broken Support	0
Downtrend Resistance	0
Oversold	108

Weekly Stock Market Overview - August 5, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -698.63 points or -5.75%. The Standard & Poor's 500 Index dropped -92.90 points or -7.19%, while the Nasdaq Composite dropped -223.97 points or -8.13%. Read More ...

The Consumer Staples sector was the strongest sector (-2.98%) last week followed by the Utilities sector (-3.86%). The Energy sector was the worst performing sector (-10.96%) of the week followed by the Materials sector (-9.71%).

The Utilities sector is the most overvalued sector followed by Technology, while Personal Computers, Computer Peripherals, and Gas Utilities are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Conglomerates, while Home Furnishings/Fixtures, Housewares & Accessories, and Appliances are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
1.28%	PCG	PG&E Corp.	Utilities
1.27%	ED	Consolidated Edison	Utilities
0.98%	PEP	PepsiCo Inc.	Consumer Staples

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-41.46%	PCS	MetroPCS Communications Inc.	Telecommunications Services
-23.14%	PHM	Pulte Homes, Inc.	Consumer Discretionary
-21.13%	NBR	Nabors Industries Ltd.	Energy

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	20
Downtrend Broken Resistance	1
Uptrend Support	97
Uptrend Exhaustion	1
Uptrend Broken Support	0
Downtrend Resistance	1
Oversold	124

Weekly Stock Market Overview - July 29. 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -537.92 points or -4.24%. The Standard & Poor's 500 Index dropped -52.74 points or -3.92%, while the Nasdaq Composite dropped -102.45 points or -3.58%. Read More ...

The Utilities sector was the strongest sector (-1.92%) last week followed by the Consumer Staples sector (-2.87%). The Industrial sector was the worst performing sector (-5.84%) of the week followed by the Materials sector (-4.86%).

The Basic Materials sector is the most overvalued sector followed by Services, while Jewelry Stores, Specialty Eateries, and Home Furnishing Stores are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Industrial Goods, while Heavy Construction, Industrial Equip/Componts, and General Building Matrials are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
12.88%	LXK	Lexmark Int'l Inc	Information Technology
9.69%	LSI	LSI Corporation	Information Technology
6.18%	RSH	RadioShack Corp.	Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-22.51%	IPG	Interpublic Group	Consumer Discretionary
-18.02%	S	Sprint Nextel Corp.	Telecommunications Services
-17.49%	BMC	BMC Software	Information Technology

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	10
Downtrend Broken Resistance	23
Uptrend Support	58
Uptrend Exhaustion	1
Uptrend Broken Support	0
Downtrend Resistance	2
Oversold	80

Weekly Stock Market Overview - July 22, 2011

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 201.43 points or 1.61%. The Standard & Poor's 500 Index gained 28.88 points or 2.19%, while the Nasdaq Composite gained 69.03 points or 2.47%. Read More ...

The Energy sector was the strongest sector (3.73%) last week followed by the Financial sector (3.16%). The Industrial sector was the worst performing sector (0.79%) of the week followed by the Materials sector (0.96%).

The Basic Materials sector is the most overvalued sector followed by Healthcare, while Drug Manufacturers/Other, Medical Practitioners, and Agricultural Chemicals are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Consumer Goods, while Appliances, Housewares & Accessories, and Auto Manufacturers/Major are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%)	Symbol	Company	Sector
22.15%	MHS	Medco Health Solutions Inc.	Health Care
20.53%	AMD	Advanced Micro Devices	Information Technology
15.64%	RHI	Robert Half International	Industrials

Weekly S&P 500 Losers

Gains/Loses(%)	Symbol	Company	Sector
-12.40%	EW	Edwards Lifesciences Corp	Health Care
-12.29%	AVY	Avery Dennison Corp.	Industrials
-11.87%	SWY	Safeway Inc.	Consumer Staples

Weekly S&P 500 Alerts

Stock Market Alerts	Count
Downtrend Exhaustion	2
Downtrend Broken Resistance	31
Uptrend Support	12
Uptrend Exhaustion	2
Uptrend Broken Support	0
Downtrend Resistance	28
Oversold	22