Three Stocks to Exit Now
Posted on August 03, 2012 at 16:15 PM EDT
MINYANVILLE ORIGINAL For those of you running a portfolio including S&P’s strongest names we suggest reducing exposure to three overbought stocks. First a quick step back: We are not using RSI which we consider fatally flawed with false signals but use our own proprietary counter trend measures. Below are the top 20 strongest names in the S&P 500 (^GSPC) based on Chartlabpro.com's proprietary algorithm. If you had purchased each name when it moved to a 'strong buy' from a 'buy ' you would be up almost 32% vs. the S&P 500’s 10.43%.  With that now in the rearview mirror ...
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