Thursday, April 17, 2014

Weekly Stock Market Overview - Apr. 17, 2014

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 381.79 points or 2.38%. The Standard & Poor's 500 Index gained 49.16 points or 2.71%, while the Nasdaq Composite gained 95.79 points or 2.39%. Read More ...


The Energy Select Sector SPDR sector was the strongest sector (4.91%) last week followed by the Industrial Select Sector SPDR sector (3.63%). The Utilities Select Sector SPDR sector was the worst performing sector (1.46%) of the week followed by the Consumer Staples Select Sector SPDR sector (2.06%).


The Basic Materials sector is the most overvalued sector followed by Utilities, while Oil & Gas Equipment/Svcs, Aluminum, and Diversified Utilities are among the most overvalued industries. The Financial sector is the most oversold sector followed by Industrial Goods, while Lumber Wood Production, Diversified Investments, and Residential Construction are among the most oversold industries.


Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
17.50% SHLD Sears Holdings Corporation Consumer Discretionary
13.16% MU Micron Technology Information Technology
12.68% SNDK SanDisk Corp. Information Technology


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-9.95% SWY Safeway Inc. Consumer Staples
-4.75% CLF Cliffs Natural Resources Inc Materials
-4.31% AET Aetna Inc. (New) Health Care


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 16
Uptrend Support 18
Uptrend Exhaustion 8
Uptrend Broken Support 1
Downtrend Resistance 20
Oversold 3