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Three Stocks to Exit Now


A mass retailer, an electric power company, and a major holding company are on the list.

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'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, we can see from the 5 to 1 day bar chart trend, many of these names were in health care and utilities. We also saw some of the smart money hide out in many of the mass service companies with little global exposure.

Only three out of the 20 are overbought: Walmart (WMT), NextEra Energy (NEE), and Altria Group (MO). See charts below.


Altria Group:




NextEra Energy:


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No positions in stocks mentioned.
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