S&P500 Report: 59 Overbought, 15 Oversold

As of EOD Friday there are 59 overbought and 15 oversold companies in the S&P500. Remember that one week ago there were zero oversold companies. Clearly, this was an unsustainable condition and stocks had to drop.

The average RSI7 of the S&P500 is now 55.1, neither overbought, neither oversold.

Overbought companies:

87.346 BBT
86.107 ED
84.876 GPC
83.543 MMC
83.439 RRD
83.152 RF
82.802 WMT
82.607 RAI
82.343 HCP
81.859 ADSK
81.621 FE
81.215 ANF
80.913 WEC
80.488 CA
80.058 DPS
79.184 STZ
78.993 CNP
78.861 EMN
77.802 COF
77.531 THC
77.329 BAC
77.050 TSS
76.924 SJM
75.991 CCE
75.261 GPS
75.036 BEN
74.852 GME
74.673 MI
74.635 CIEN
74.284 C
74.154 HIG
74.035 UNM
73.785 TLAB
73.525 PNW
73.411 CMS
73.131 AIZ
72.983 VTR
72.981 LNC
72.557 MCK
72.434 NU
72.099 CSX
71.879 MHS
71.844 R
71.754 LXK
71.286 FITB
71.193 FRX
71.174 AET
71.165 CTSH
71.134 GCI
70.878 CNX
70.791 AOC
70.783 LUV
70.697 BDK
70.576 AEE
70.574 CMA
70.530 AFL
70.518 MRK
70.491 MDT
70.174 WAG

Oversold companies:

29.684 APOL
29.604 AZO
29.268 ADM
29.018 MIL
28.939 HES
28.864 FDO
27.683 ORLY
26.755 CAG
26.198 GILD
25.868 PPL
25.617 LLY
24.083 NVLS
23.374 MHP
16.119 DF
15.427 SLE


RSI7 of other ETFs and indices we follow:

35.653 UNG
60.413 SPY
52.664 IWM
67.705 XLF
60.485 DIA
40.202 USO
38.677 ^VIX

Financials are near overbought. Natural gas is near oversold...