Below is an update of our custom portfolio trading range screen run on the Dow 30 members. A week ago, the majority of Dow stocks were trading in overbought territory (represented by the end of the tail for each stock below). After this week's pullback, the majority are now trading in neutral territory. Five stocks in the index are now in oversold territory, with Hewlett-Packard (HPQ) and Cisco (CSCO) being the most notable. Hewlett has gotten hit hard this week after its CEO resigned, while Cisco had an earnings report that investors clearly didn't like. Both are now in extreme territory, with HPQ literally off the charts. Bank of America (BAC), Intel (INTC), and Procter & Gamble (PG) are the other three Dow members that are currently oversold, but Procter is also one of only two Dow names that is up over the last week. McDonald's is the other stock that is up over the last week.
Related Posts
Canada's Tariff Tangle: What Investors Need to Know Now
In a world increasingly defined by surprise policy shifts and geopolitical gambits, tariffs have once again become front-page…
Shock, Slack, and Strategy: Why Canadian Markets Just Hit a Turning Point
It is the kind of conversation that starts with a whisper and ends in a thunderclap. In the…
Jurrien Timmer: Interim Update (4/3/2025)
by Jurrien Timmer, Director of Global Macro for Fidelity Management & Research Company I donât think I have…
On My Mind: T-Day
by Sonal Desai, Ph.D., Chief Investment Officer, Franklin Templeton Fixed Income Franklin Templeton Fixed Income CIO Sonal Desai…
The Pivot Is Coming
by Greg Taylor, CFA, CIO, Purpose Investments So, when do we get the good stuff? Back in November,…
Tariff Turbulence: Why Volatility is a Catalyst, Not a Crisis
Based on a conversation1 between David Richardson, Head, Enterprise Strategy, RBC Global Asset Management, and Stuart Kedwell, CFA,…
Risk vs. Refuge: Why Goldâs Climbing While Bitcoinâs Tripping
by SIACharts.com In the ever-evolving world of investment, gold and Bitcoin represent two distinct yet influential assets, often…
Quick Thoughts: The end of the free trade era
by Stephen H. Dover, CFA, Chief Market Strategist, Head of Franklin Templeton Institute Why the new Trump tariffs…