Trading Range Screen for the 30 Largest US Stocks

With the pullback we've seen over the past two days, below is an updated look at our trading range screen for the 30 largest stocks in the S&P 500.  As shown, even after the declines, 12 of the 30 largest stocks remain overbought, with Coca-Cola (KO), Abbot Labs (ABT) and Apple (AAPL) being the most overbought.  Just two of the 30 stocks are currently in oversold territory -- Exxon Mobil (XOM) and Schlumberger (SLB).  McDonald's (MCD) has actually moved out of oversold territory over the last week.