Sunday , 22 December 2024

Dow 30 and ALL 10 Sectors Are OVERbought!

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The continuation of the rally has left the S&P 500 and all 10 sectors in overboughtinvesting territory. All but 6 of the Dow 30 stocks are trading in overbought territory as well. Take a look at the details in the 2 tables below.

So states the Bespoke Investment Group (www.bespokeinvest.com) in edited excerpts from the original post* entitled All Ten Sectors Overbought.

This article is presented compliments of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

The article goes on to say:

You can see the across-the-board overbought levels for the S&P 500 in our trading range screen below….

 


Dow 30 Stocks

All but six of the thirty Dow stocks are trading in overbought territory as well.  Boeing (BA) is currently the most overbought Dow stock, followed closely by IBM, Du Pont (DD) and Hewlett-Packard (HPQ).  The two Dow stocks that have managed to trade into oversold territory during this gravity-defying run-up are Alcoa (AA) and Caterpillar (CAT).  These are the only two Dow stocks that are down year to date as well.

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