Thursday, March 28, 2013

Weekly Stock Market Overview - March 28, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 66.51 points or 0.46%. The Standard & Poor's 500 Index gained 12.30 points or 0.79%, while the Nasdaq Composite gained 22.52 points or 0.69%. Read More ...

The Utilities Select Sector SPDR sector was the strongest sector (2.44%) last week followed by the 0 sector (XLV%). The Financial Select Sector SPDR sector was the worst performing sector (0.19%) of the week followed by the sector (XLB%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Hospitals, Biotechnology, and Drug Related Products are among the most overvalued industries. The Conglomerates sector is the most oversold sector followed by Technology, while Printed Circuit Boards, Telecom Services/Domestic, and Networking & Commun Dvcs are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
8.21% BIIB BIOGEN IDEC INC Health Care
7.67% MHP McGraw-Hill Consumer Discretionary
7.54% GILD Gilead Sciences Health Care


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-8.43% CLF Cliffs Natural Resources Inc Materials
-4.53% STJ St Jude Medical Health Care
-4.17% AAPL Apple Computer Information Technology


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 11
Uptrend Support 22
Uptrend Exhaustion 53
Uptrend Broken Support 6
Downtrend Resistance 22
Oversold 3

Friday, March 22, 2013

Weekly Stock Market Overview - March 22, 2013

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -2.08 points or -0.01%. The Standard & Poor's 500 Index dropped -3.81 points or -0.24%, while the Nasdaq Composite dropped -4.07 points or -0.13%. Read More ...

The Consumer Staples Select Sector SPDR sector was the strongest sector (2.12%) last week followed by the 0 sector (XLV%). The Materials Select Sector SPDR sector was the worst performing sector (-1.96%) of the week followed by the sector (XLF%).

The Healthcare sector is the most overvalued sector followed by Consumer Goods, while Food - Major Diversified, Confectioners, and Hospitals are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Gold, Agricultural Chemicals, and Copper are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
9.18% WAG Walgreen Co. Consumer Staples
8.67% NKE NIKE Inc. Consumer Discretionary
7.15% MU Micron Technology Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-12.00% ORCL Oracle Corp. Information Technology
-11.50% JDSU JDS Uniphase Corp Information Technology
-10.61% NBR Nabors Industries Ltd. Energy


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 16
Uptrend Support 9
Uptrend Exhaustion 37
Uptrend Broken Support 3
Downtrend Resistance 19
Oversold 4

Sunday, March 17, 2013

S&P 500 Trend Analysis - 3/17/2013

It was an up week for the major markets. For the week, the Dow Jones Industrial Average gained 117.04 points or 0.81%. The Standard & Poor's 500 Index gained 9.52 points or 0.61%, while the NASDAQ Composite gained 4.70 points or 0.14%.

The Standard & Poor's 500 Index has reached the highest level since October 2007. All three major indices and more than 35% of S&P members made a new 52-Week High. The major indices and more than a half of S&P 500 members are strongly overbought in daily, weekly, and monthly time frames. S&P 500 index has daily and weekly MACD bearish divergence. Read More ...

The S&P 500 index long term uptrend had started on March 6th 2009 at 666.79 and reached 1563.62 on Friday, March 15th, 2013, making 134.5% gain in four years. The chart is forming a channel pattern with the current price piercing the channel resistance level

S&P 500 long-term trend
Technical Stock Market Timing System


The weekly trend had started November 16, 2012 at 1343.35 and gained 16.4% in four months. The chart has formed a five waves channel stricture; the fifth wave is near the resistance level.

S&P 500 weekly trend
Technical Stock Market Timing System


Technical indicators and chart analysis suggest the current uptrend may reverse soon.

Friday, March 15, 2013

Weekly Stock Market Overview - March 15, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 117.04 points or 0.81%. The Standard & Poor's 500 Index gained 9.52 points or 0.61%, while the Nasdaq Composite gained 4.70 points or 0.14%. Read More ...

The Financial Select Sector SPDR sector was the strongest sector (1.12%) last week followed by the 0 sector (XLE%). The Consumer Staples Select Sector SPDR sector was the worst performing sector (-0.35%) of the week followed by the sector (XLK%).

The Conglomerates sector is the most overvalued sector followed by Consumer Goods, while Food - Major Diversified, Home Furnishings/Fixtures, and Toys & Games are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Healthcare, while Water Utilities, Drug Delivery, and Medical Labs & Research are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
9.17% PBI Pitney-Bowes Industrials
7.87% SEE Sealed Air Corp.(New) Materials
7.29% CNP CenterPoint Energy Utilities


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-10.68% CLF Cliffs Natural Resources Inc Materials
-8.98% EW Edwards Lifesciences Corp Health Care
-5.12% EBAY eBay Inc. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 13
Uptrend Support 3
Uptrend Exhaustion 126
Uptrend Broken Support 3
Downtrend Resistance 42
Oversold 1

Friday, March 08, 2013

Weekly Stock Market Overview - March 8, 2013

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 307.41 points or 2.18%. The Standard & Poor's 500 Index gained 32.98 points or 2.17%, while the Nasdaq Composite gained 74.63 points or 2.35%. Read More ...

The Financial sector was the strongest sector (3.40%) last week followed by the Consumer Discretionary sector (3.08%). The Consumer Staples sector was the worst performing sector (1.05%) of the week followed by the Utilities sector (1.25%).

The Services sector is the most overvalued sector followed by Industrial Goods, while Regional Airlines, Advertising Agencies, and Electronics Wholesale are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Technology, while Gold, Computer Peripherals, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
17.54% BBY Best Buy Co., Inc. Consumer Discretionary
11.99% SHLD Sears Holdings Corporation Consumer Discretionary
11.52% MU Micron Technology Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-14.58% JCP Penney (J.C.) Consumer Discretionary
-4.80% HRS Harris Corp. Information Technology
-3.54% SLM SLM Corporation Financials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 2
Downtrend Broken Resistance 17
Uptrend Support 6
Uptrend Exhaustion 77
Uptrend Broken Support 2
Downtrend Resistance 35
Oversold 3

Friday, March 01, 2013

Weekly Stock Market Overview - Mar. 1, 2012

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 89.09 points or 0.64%. The Standard & Poor's 500 Index gained 2.60 points or 0.17%, while the Nasdaq Composite gained 7.92 points or 0.25%. Read More ...

The Consumer Discretionary sector was the strongest sector (1.67%) last week followed by the Health Care sector (0.90%). The Financial sector was the worst performing sector (-0.56%) of the week followed by the Energy sector (-0.23%).

The Healthcare sector is the most overvalued sector followed by Utilities, while Hospitals, Drugs - Generic, and Biotechnology are among the most overvalued industries. The Basic Materials sector is the most oversold sector followed by Services, while Gold, Copper, and Industrial Metals/Mineral are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
10.07% DLTR llar Tree Inc. Consumer Discretionary
7.24% TIF Tiffany & Co. Consumer Discretionary
6.82% DF Dean Foods Consumer Staples


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-21.27% JCP Penney (J.C.) Consumer Discretionary
-10.44% APOL Apollo Group Consumer Discretionary
-9.35% BTU Peabody Energy Corp Materials


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 3
Downtrend Broken Resistance 22
Uptrend Support 21
Uptrend Exhaustion 10
Uptrend Broken Support 3
Downtrend Resistance 8
Oversold 8