Today’s 400+ point decline for the Dow (as of 3:20 PM) has put the index back into the red for the year. The Dow is also down more than 2.5% over the last 5 trading days, and it’s more than 3% below its 50-day moving average. You can see these stats on the US Index ETFs page at our Trend Analyzer Tool.
But what about the internals of the Dow 30? Below is a snapshot of the 30 Dow members run through our Trend Analyzer Tool as well. (This page is normally only available to Premium and Institutional members.)
The thirty Dow stocks are sorted by distance from 50-day moving average in the snapshot below. As you can see, just six Dow stocks remain above their 50-DMAs, and just one Dow stock remains overbought (INTC). On the flip side, twenty-four Dow stocks are below their 50-DMAs, and eleven are now in oversold territory. DowDuPont (DWDP), Wal Mart (WMT), Disney (DIS), and United Tech (UTX) are the most oversold.
Based on these readings, the Dow’s internals appear quite weak at the moment.