Monday, August 10, 2009

Top 20 Stocks to Short in the S&P500 by RS7 and RSI14

Note: In this S&P500 report we see for the first time that there are zero oversold companies based on RSI14.

The top 20 stocks to short based on the combined RSI7 and RSI14 are:

RSI7 Report:

The average RSI7 of the S&P500 companies is 65.20. There are now 250 overbought companies and only 14 oversold companies. 250 companies is of course half the companies in the S&P500.

List of overbought companies (sorted by RSI7):

(please click to enlarge)

Top oversold:

RSI14 Report:

The average RSI14 is 63.26. There are now 144 overbought companies and zero oversold companies. This is the first time I have seen this condition.

Top Overbought:

Top overbought:


The closest is S at 30.007.

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