S&P500 Report For Week of October 26: 39 Oversold, 39 Overbought.

The average RSI7 of all the companies in the S&P500 index is 48.64, which is right in neutral territory. This is confirmed by the number of oversold versus overbought companies. There are currently 39 oversold companies and 39 overbought companies!

Top 30 oversold (RSI7D shown):

JAVA 11.494
MBI 14.963
WFR 16.146
NTRS 16.879
PTV 18.685
MI 19.083
BIIB 19.629
CCE 21.230
EK 21.298
AZO 21.790
FIS 21.948
STT 22.536
DVA 23.529
BNI 24.360
IPG 24.999
GE 25.588
CTAS 25.720
KO 25.726
NI 26.377
UNP 26.740

Most oversold are Sun Microsystems and MBIA. GE and Coca-Cola also on the list.

Top 20 overbought:

CBE 73.384
ETN 74.172
LEG 74.588
ESV 74.987
WHR 76.292
CME 78.280
AAPL 78.550
SLM 79.724
UTX 80.362
CPWR 80.595
DE 80.932
DNB 81.670
GOOG 82.102
MA 82.147
PNC 82.199
NYT 83.349
LXK 83.494
MSFT 86.788
AMZN 88.704
TROW 89.195

Loom at Amazon and Microsoft and the number 2 and number 3 most overbought companies, and Google not far behind in number 8, Apple in number 13. The worst is T. Rowe Price Group, Inc. a financial services holding company. Buyer beware.


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Please do your own due dilligence.