Tuesday, June 30, 2009

S&P500 Top 10 Companies to Short for June30

Here is the S&P500 oversold/overbought report for June 30. Today we are back into overbought territory in terms of the number of overbought versus number of oversold companies. We have 44 overbought companies and only 11 oversold. The average RSI7 is 54.43, which is neither oversold nor overbought.

The top 10 overbought companies are (number indicates RSI7):

WPI 83.83
WAT 82.97
BSX 82.05
SJM 81.62
CELG 80.79
DTV 79.75
HSP 79.67
BDX 79.21
SO 79.00

List of overbought companies:

(please click to enlarge)

List of oversold companies:

Here are the RSIs of the ETFs we follow. They are in pretty much in no man's land.

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