May 23, 2013 (Chinavestor) JP Morgan Chase (NYSE:JPM) and Home Depot (NYSE:HD) are the two most overbought stocks among all 30 Dow components this morning. This implies both are vulnerable should market sentiment remain negative for the short term.
May 13, 2013 (Chinavestor) Looking at all 30 Dow components from a technical point of view, 3M Company (NYSE:MMM) is the most overbought stock at the moment. The stock closed over $110 last Friday reaching theoretical highs. Downside risk exceeds upside potential for MMM for the short run.
April 29, 2013 (Chinavestor) Du Pont (NYSE:DD) is trading closest to theoretical highs now that the Dow Jones is back above 14,800. But the stock is not considered extremely overbought for it hasn't approached theoretical highs yet.
Verizon Communications (NYSE:VZ) is very similar to DD from a technical point of view at this time.
Intel (NASDAQ:INTC) and Microsoft (NASDAQ:MSFT) are stocks with unusual momentum but again, are not considered overbought!
March 14, 2013 (Chinavestor) The Dow Jones Industrial Average (INDEXDJX:.DJI) not only had a nine day straight advance, the longest winning streak since 1996, but is up over 116% since 2009. The following charts tell you how Dow components did since 2009. Source for the charts: Google Finance
March 11, 2013 (Chinavestor) Bureau of Labor Statistics reported that the US Economy added a total of 236,000 non-farm payrolls in February. The number is sound and is above consensus estimates. But it's always wise to put numbers into perspective - this is why we created the following chart.
While February 2013 number is good, there is a lot more room left for improvement. The US economy lost a total of 8.67 million jobs in the January 2008-December 2009 period and has recovered 5.67 million since January 2010. Sound jobs creation and a healing housing market may continue to provide catalyst for equity markets for now.