The Strongest names in the S&P 500

Based on Chartlabpro.com proprietary algorithm the above are the strongest S&P 500 names on 7.30.12.  If you look at the 5 day trend of these names by sector, the aggressive sectors are certainly are not leading.

Below we have WMT.  After 70 days and a 20% gain we are finally seeing the name overbought.

 And the trend continues for telecom names, T and VZ are starting to get extended, but S - Sprint may have further upside.

 All analysis is done by our prorpitary algorithms and past performance is not indicative of future results.

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Posted 07-30-2012 6:05 PM by Greg Troccoli