Below is an updated look at our trading range screen for the 30 largest stocks in the Nasdaq 100.  The vaunted “FAANG” stocks are highlighted in yellow.

A majority of the stocks listed in our screen are trading in overbought territory, while just three are oversold — CMCSA, KHC, and MDLZ.  NVIDIA (NVDA) and Texas Instruments (TXN) are the two most overbought stocks, with both trading 3 standard deviations above their 50-DMAs.  Note that Amazon (AMZN) and Alphabet (GOOGL) are both below their 50-DMAs, with GOOGL approaching oversold territory.  Facebook (FB) and Apple (AAPL) have pulled back into neutral territory after trading overbought a week ago.

JD.com (JD), Tesla (TSLA), and NVIDIA (NVDA) are up the most on a year-to-date basis, while QUALCOMM (QCOM) is down the most at -20%.

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