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Dow 30 Trading Range Screen; Apple Cometh?

TedTed
in Fund Discussions
FYI: Last night we provided our trading range screen for the 30 largest country ETFs traded on US exchanges. Below we have run the 30 Dow stocks through our trading range screen so you can see how these big blue-chip names have been trading. Heading into today, 12 Dow stocks are overbought, while 2 are oversold. Du Pont (DD) is by far the most overbought name in the index after a big move higher yesterday on break-up talk. Goldman Sachs (GS) and Johnson & Johnson (JNJ) are the next most overbought names. Two stocks that remain overbought but have moved lower over the last week are Microsoft (MSFT) and Nike (NKE). Both of these names were in extreme territory last week at this time, and they have seen some mean reversion since. Chevron (CVX) and Exxon Mobil (XOM) are the two oversold names, but both of these Energy stocks have actually performed well this week. Another good day and they will move back into neutral territory.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/9/18/dow-30-trading-range-screen-apple-cometh.html?printerFriendly=true

Comments

  • rjb112
    edited September 2014
    The Dow 30 is oddly, a price weighted index, not a capitalization weighted index like the S&P 500 and most (but not all) other indexes.

    Here's a look at the weightings of the top 25:

    image
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