The daily chart for Dow transports is even more overbought with its 12x3x3 daily stochastic reading at 97.44, one of the highest levels I can recall. Fundamentally, ValuEngine.com shows the most overvalued configuration for this stage of the stock market rally. We show just 40.6% of all stocks undervalued with 59.4% overvalued. All 16 sectors remain overvalued with 8 overvalued by double-digit percentages; consumer staples by 25.9%, construction by 21.8%, transportation by 21.2%, industrial products by 18.8%, finance by 14.7%, retail-wholesale by 14.0%, medical by 13.7% and computer & technology by 13.1%. At the time of publication the author held no positions in any of the stocks mentioned.Follow @SuttmeierThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.