Below (click to enlarge) we highlight our trading range portfolio screen for the 30 stocks in the Dow Jones Industrial Average. After yesterday's rally, just 5 of the 30 Dow stocks remain in oversold territory, while 7 are now overbought. One week ago more than half (16) of the index was oversold. Of the 5 stocks that remain oversold, 4 are in the Technology sector -- Microsoft (MSFT), Cisco (CSCO), Hewlett-Packard (HPQ), and Intel (INTC). Just one technology stock in the Dow is not oversold -- IBM. The most overbought stock in the Dow at the moment is Kraft Foods (KFT). Next comes McDonald's (MCD), AT&T (T), Coca-Cola (KO), Verizon (VZ), DuPont (DD), and Pfizer (PFE). Defensive names still rule the roost, but cyclicals are coming on strong after yesterday's big market gain.
