Weekly Stock Market Overview - Aug. 22, 2014

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 338.31 points or 2.03%. The Standard & Poor's 500 Index gained 33.34 points or 1.71%, while the Nasdaq Composite gained 73.62 points or 1.65%. Read More ...

The Financial Select Sector was the strongest sector (2.39%) last week followed by the Industrial Select Sector (2.38%). The Energy Select Sector was the worst performing sector (0.66%) of the week followed by the Consumer Staples Select Sector (0.72%).

The Consumer Goods sector is the most overvalued sector followed by Services, while Housewares & Accessories, Regional Airlines, and Lodging are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Basic Materials, while Industrial Metals/Mineral, Oil & Gas Drilling/Explor, and Independent Oil & Gas are among the most oversold industries.

Weekly S&P 500 Winners

Gains/Loses(%) Symbol Company Sector 13.46% ROST Ross Stores Consumer Discretionary 11.70% TJX TJX Companies Inc. Consumer Discretionary 10.82% DG Dollar General Consumer Discretionary

Weekly S&P 500 Losers

Gains/Loses(%) Symbol Company Sector -4.74% SPLS Staples Inc. Consumer Discretionary -3.14% NBR Nabors Industries Ltd. Energy -3.09% RIG Transocean Energy

Weekly S&P 500 Alerts

Stock Market Alerts Count Downtrend Exhaustion 0 Downtrend Broken Resistance 15 Uptrend Support 5 Uptrend Exhaustion 20 Uptrend Broken Support 4 Downtrend Resistance 49 Oversold 1