The Most Overbought Dow Stocks

The stock market started off the New Year on the downside for the first time since 2008. But still, the Spyder Trust (SPY) is just 1% below the recent highs. The declining issues outweighed the advancing ones by over a two-to-one margin, which has dropped the McClellan oscillator to +58 on the close. The oscillator did form a slight negative divergence at Tuesday's highs. The futures are higher before the opening, and it would take several consecutive down days to suggest that a deeper correctio...