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The TSX logo is seen in Toronto in this file photo.
The TSX logo is seen in Toronto in this file photo.
(© Mark Blinch / Reuters/)

The TSX's most overbought and oversold stocks

Overbought, technically extended stocks outnumber oversold domestic equities 32 to one this week and, with the S&P/TSX composite only a fraction below the Relative Strength Index “sell” signal, investors should hold off on adding more stocks until the market cools off.

The domestic benchmark added 0.9 per cent in the past five sessions and now has an RSI of 69.1, less than a full point below the 70 mark that predicts a pullback.