May 14, 2013 (Chinavestor) Merck & Co. (NYSE:MRK) and Pfizer (NYSE:PFE) were hand in hand up until yesterday from a technical point of view. We noted that both pharmaceuticals were on top of the oversold chart as a testimony that defensive stocks are disadvantaged when market sentiment is bullish. We also highlighted yesterday that " But this might come handy at a time when the market consolidates. Defensive stocks are always smart addition to aggressive portfolios. This might be the time to do it..." (Pharma stocks remain defensive).
May 10, 2013 (Chinavestor) 3M Company (NYSE:MMM) jumped to the top of the overbought Dow components chart on Friday after reaching an all time high on Thursday. Chevron Corp. (NYSE:CVX), Exxon Mobile...
May 9, 2013 (Chinavestor) Chevron (NYSE:CVX) and Exxon Corp. (NYSE:XOM) are on fire ,according to the overbought Dow monitor. The first chart displays the 15 most overbought components of the Dow....
May 8, 2013 (Chinavestor) Chevron Corp. (NYSE:CVX) took a breather on Tuesday after being extremely overbought a day before. There is more upside now for CVX as a result. American Express (NYSE:AXP) ...
May 7, 2013 (Chinavestor) Chevron Corp. (NYSE:CVX) became overbought now that it reached theoretical highs at $123.5. Downside risk exceeds upside potential for American Express (NYSE:AXP) as well. V...
