Tuesday, June 23, 2009

S&P500: 8 Overbought and 182 Oversold Companies

Conditions are clearly short term oversold: 8 overbought, 182 oversold. This implies a short term bounce (up) for the markets.

Here is the updated list of most overbought and oversold companies in the S&P500.


There are 8 companies with RSI7 over 70.


There are 182 companies with RSI7 under 30.

(please click to enlarge)

Finally, here are the RSI7s of the ETFs and indices we follow:

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